Kelt Exploration Ltd

KEL

Equity

ISIN null / Valor 20105679

Toronto Stock Exchange (2025-11-14)

CAD 7.59-1.43%

Kelt Exploration Ltd
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About company

Kelt Exploration Ltd is an oil and gas company focused on the development, exploration, and acquisition of petroleum and natural gas resources. The company adopts a balanced approach to capital spending, emphasizing financial discipline, clear leadership, and close teamwork in its operations. Kelt Exploration funds its capital program through a mix of debt, share equity offerings, and cash flow generated from its operations. It aims to acquire assets with potential for exploitation and to carry out a comprehensive exploration program. The company's strategy, which has historically proven successful, is supported by a team of experienced and qualified personnel. Kelt Exploration is financially well-positioned to quickly seize new opportunities, aiming to enhance its growth strategy to increase funds from operations per share, net asset value per share, and production per share.

Summarized from source with an LLMView SourceSector: Energy

Revenue Growth

Petroleum and natural gas sales increased by 13% to CA$142.5 million in Q1 2025, up from CA$126.4 million in Q1 2024.

Enhanced Profitability

Net income surged by 60% to CA$18.98 million, while adjusted funds from operations rose by 28% to CA$78.2 million, reflecting improved financial health.

Increased Production

Average daily production reached a new high of 40,015 BOE, marking a 22% increase from 32,910 BOE per day in the first quarter of 2024.

Capital Expenditures

Capital expenditures, net of acquisitions and dispositions, grew by 31% to CA$104.7 million, supporting the company’s expansion and operational initiatives.

Strengthened Financial Position

Net debt rose significantly to CA$150.0 million, a 369% increase from CA$31.96 million in Q1 2024, while shareholders' equity saw a modest 7% growth to CA$1.086 billion.

Summarized from source with an LLMView Source

Key figures

12.1%1Y

37.3%3Y

383%5Y

Performance

37.8%1Y

36.9%3Y

44.0%5Y

Volatility