Canada · Delayed Price · Currency is CAD Tenaz Energy Earnings Call Transcripts
Fiscal Year 2026
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The meeting confirmed all motions, including director elections and auditor appointment, and highlighted transformative acquisitions that drove record production and share price growth. Strategic drilling and workover programs are set to sustain long-term expansion, with risk managed through hedging and operational efficiency.
Fiscal Year 2025
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The acquisition of a non-operated interest in the GEMS project expands production and reserves, strengthens exposure to the TTF gas market, and leverages state-of-the-art, low-emission infrastructure. The deal is accretive, with strong growth, low costs, and significant long-term upside.
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The meeting confirmed all board and auditor appointments, approved incentive plan awards, and highlighted a year of significant growth, including the NOBV acquisition, strong reserve replacement, and a robust capital program for 2025. Strategic focus remains on international expansion and operational efficiency.
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Q1 2025 saw a 3% production increase, driven by strong Netherlands output and new Canadian wells. FFO declined due to acquisition costs, but the NOBV deal closed early, adding significant reserves and cash. Full-year production is forecast at 9,000–9,500 BOE/d.
Fiscal Year 2024
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2025 guidance projects 10% overall production growth, with a 15% increase in Canada and a major Netherlands well expected late in the year. NOBV acquisition is on track for mid-year, with new guidance and expanded leadership to follow.
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The meeting confirmed all director and auditor appointments, reviewed strong 2023 financials with doubled production and increased working capital, and outlined 2024 plans including a new gas plant acquisition, continued asset development, and a leadership transition.