Bonterra Energy Announces Third Quarter 2026 Results with Record Production; Provides Operations Update and 2027 Budget Guidance
Key Highlights
- ➤Q3 production record 17,222 BOE per day, up 19% year over year
- ➤Q3 funds flow $30.7 million, or $0.83 per diluted share, up 43%
- ➤Q3 net loss $4.4 million, including an $11.2 million unrealized hedging loss
- ➤2027 guidance targets average production of 17,300–17,500 BOE per day
- ➤2027 guidance targets $44 million free funds flow and year-end net debt of $125–135 million
Expert Statements
Patrick Oliver, President and Chief Executive Officer of Bonterra Energy Corp.
“Our third quarter results reflect record quarterly production and continued growth in liquids production and funds flow per share, supported by disciplined development across our core assets. At Bonanza Charlie Lake, our drilling results to date have expanded our inventory of top tier locations, and ongoing evaluation of well performance is helping us refine and build additional confidence in our development strategy in the play.”
Patrick Oliver, President and Chief Executive Officer of Bonterra Energy Corp.
“Our 2027 plan represents a meaningful step forward for Bonterra. We are well positioned in this commodity environment to generate outsized shareholder returns through production growth and free funds flow generation to achieve significant debt reduction. Our pivot into the Bonanza Charlie Lake and Wembley Montney provides the Company with valuable optionality to allocate development capital across three highly economic light oil plays. Delineation capital detailed in our plan is expected to add Tier 1 inventory with a longer-term view to continued growth. We expect 2027 to be a year of building on our momentum and continuing to generate exceptional operational results across our three core areas.”
CALGARY, Alberta, Nov. 13, 2026 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (TSX: BNE; OTCID: BNEFF) (“Bonterra” or the “Company”), a Calgary based oil and gas producer, is pleased to announce its financial and operating results for the three and nine months ended September 30, 2026, highlighted by record quarterly production of 17,222 barrels of oil equivalent (“BOE”) per day, together with its 2027 budget guidance. Bonterra delivered a 43% increase in funds flow per fully diluted share compared to the third quarter of 2025, supported by 17% growth in light crude oil and natural gas liquids production, with funds flow of $30.7 million ($0.83 per fully diluted share).
The Company’s Board of Directors has also approved its 2027 budget and guidance highlighted by a focus on liquids growth, free funds flow generation and additional derisking of inventory at Bonanza Charlie Lake and Wembley Montney. The related unaudited condensed financial statements and management’s discussion and analysis (“MD&A”), are available on SEDAR+ at www.sedarplus.ca and on Bonterra’s website at www.bonterraenergy.com.
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