Tamarack Valley Energy Ltd. (TVE) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Welcome, everyone, to the Tamarack Valley Energy Limited conference call and webcast on Wednesday, February 25th, 2026, discussing the recent Q4 2025 results press release. I would like to introduce today's speakers, Steve Vitale, President, Kevin Johnston, CFO, and Ben Stoodley, Vice President, Engineering. If you would like to ask a question, please press star, then the number one on your telephone keypad to join the queue. If you would like to withdraw your question, please press star two. Thank you, Mr. Baitels. You may begin your conference. Thank you, Joanne. Good morning and welcome everybody to the call to discuss the fourth quarter and full year operating and financial results for 2025, as well as our year-end reserve report. My name is Steve Baitels. I'm the president of Tamarack Valley, and today I'm joined by Kevin Johnson, chief financial officer, and Ben Studley, our VP engineering. This morning, we announced our Q4 and full-year 2025 results and our 25 year-end reserves and an operational update. 2025 was a record-setting year for Tamarac with a focus on continued rate of change in the business to further enhance the overall profitability and maximize shareholder value and per share results. We completed our multi-year transformation into a Clearwater and Charlie Lake Oil producer, and our asset portfolio is now exclusively focused on some of the most profitable conventional oil plays in North America, as evidenced by our strong financial and reserve results. The team delivered an exceptional 25 from an operational standpoint, which resulted in two positive guidance revisions through the year, with capital coming in at the low end of our guidance through efficiency gains, while production significantly outperformed, even after adjusting f...