NuVista Energy Ltd

NVA

Equity

ISIN null / Valor 1623210

Toronto Stock Exchange (2025-10-17)

CAD 15.88+0.57%

NuVista Energy Ltd
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About company

NuVista Energy Ltd is an oil and natural gas company operating in the Western Canadian Sedimentary Basin, with a primary focus on the Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin. The company is actively engaged in the exploration, development, and production of oil and natural gas reserves, with a particular emphasis on condensate-rich assets. NuVista aims to create significant shareholder value through the extraction of high-value condensate volumes associated with natural gas production in this resource-rich area.

Summarized from source with an LLMView SourceSector: Energy

Production Performance

NuVista produced 73,595 Boe/d in Q2 2025, just above the revised guidance of 73,500 Boe/d. The company is on track to reach 100,000 Boe/d by the fourth quarter of 2025, maintaining its five-year outlook of growing production to 125,000 Boe/d.

Financial Results

The company generated adjusted funds flow of $134.3 million ($0.67/share, basic) and realized $50.9 million of free adjusted funds flow ($0.25/share, basic). Net earnings for the quarter were $80.5 million ($0.40/share, basic).

Capital Expenditure and Efficiency

NuVista executed a net capital expenditure of $81.7 million, drilling 12 wells and completing 4 wells. This disciplined approach resulted in an average capital cost reduction of 7% per well compared to the budget.

Shareholder Returns

The company directed over $100 million toward share repurchases in the first half of 2025 and has repurchased and cancelled 7.9 million common shares for a total cost of $104 million, reducing the number of shares outstanding by 3.3%.

Balance Sheet Strength

NuVista ended the quarter with net debt of $303 million and a net debt to adjusted funds flow ratio of 0.6x, well below the long-term target of less than 1.0x. The company also renewed its credit facilities, enhancing financial flexibility.

Summarized from source with an LLMView Source

Key figures

49.4%1Y

34.7%3Y

1,790%5Y

Performance

36.7%1Y

34.6%3Y

46.6%5Y

Volatility