Whitecap Resources Inc. (WCP) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Joanna, and I will be your conference operator today. At this time, I would like to welcome everyone to Whitecap Resources' second quarter 2025 results conference call. All lines have been placed on it to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, then the number one on your telephone keypad. If you would like to withdraw a question, please press star, then the number two. I would now like to turn the conference over to Whitecap's President and CEO, Mr. Grant Fagerheim. You may begin your conference call. Thanks, Joanna. And good morning, everyone, and thank you for joining us here today. There are four members of our management team here with me today, our Senior Vice President and CFO, Ton Kang, our Senior Vice President of Production and Operations, Joel Armstrong, our Vice President on Conventional Division, Joey Wong, and our Vice President, Conventional Division, Chris Bullen. Before we get started today, I would like to remind everybody but all statements made by the company during this call are subject to the same forward-looking disclaimer and advisory that we set forth in our news release issued yesterday afternoon. To begin, it would be remiss of me to not highlight the most significant development of the quarter, the completion of the Varum business combination on May the 12th, which has increased our production to approximately 365,000 BUE per day and our enterprise value to over $15 billion. I'm also pleased to report that we had a very successful operational second quarter, continuing to build on the momentum that we've developed year to date. Strong second quarter production of 292,754 BUE per d...