Athabasca Oil posts $78.6M Q3 2026 net income
Quarterly petroleum, natural gas and midstream sales total $461.0 million, while nine-month net income reaches $193.4 million.
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Liquids-weighted Canadian oil producer
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In short: Athabasca Oil agreed to a Cenovus acquisition valued at about $5.8 billion.
Quarterly petroleum, natural gas and midstream sales total $461.0 million, while nine-month net income reaches $193.4 million.
Q3 Adjusted Funds Flow grew 25% YoY to $161 million, while Cenovus agrees to acquire Athabasca in a $5.7 billion all-share and cash deal.
The acquisition offers $12.00 per share with a mixed cash and share consideration structure. The deal values the company at approximately $5.8 billion enterprise value.
Adjusted funds flow was $123M with net cash of $62M and production of 32,110 boe/d.
Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or the "Company") reported third quarter results highlighted by continued execution of its funded growth strategy.
Cenovus Energy said on Monday it would acquire Athabasca Oil in a cash-and-stock transaction valuing the Canadian oil producer at an implied enterprise value of...
Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or the "Company") reported second quarter results highlighted by cont...
(1) Corporate Consolidated and Duvernay Energy reflect gross production and financial metrics before taking into consideration Athabasca's 70% equity interest in Duvernay Energy. (2) Refer...
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