Strathcona Resources Limited

SCR

Equity

ISIN null / Valor 129411191

Toronto Stock Exchange (2025-11-21)

CAD 42.35-2.04%

Strathcona Resources Limited
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About company

Strathcona Resources Limited is a Canadian oil and gas company engaged in the exploration, development, and production of conventional and unconventional resources. The company operates across Western Canada, with significant activities in the Montney and Lloydminster Heavy Oil regions. Strathcona's business encompasses a range of operations including drilling, completions, construction, facility engineering, and supply chain management. The company has a strong focus on thermal development and employs advanced techniques in geosciences and reservoir engineering to optimize production. Strathcona recently expanded its market presence by acquiring Pipestone Energy Corp., a TSX-traded development and exploration company, through an all-share transaction. The leadership team at Strathcona brings extensive industry experience, with backgrounds in major energy firms such as BP Canada Energy, Apache Corporation, and ConocoPhillips, ensuring a robust approach to managing and developing its diverse asset base.

Summarized from source with an LLMView SourceSector: Energy

Key financials

Operating earnings: $235.5 million ($1.10/share). Free cash flow: $93.8 million ($0.44/share). Quarterly dividend declared: $0.30 per common share.

Production

Q3 2025 production: 116,201 boe/d (99.6% liquids). The 36% q/q decline reflects the Montney disposition closed in early July 2025; normalizing for that sale, continuing operations production rose from ~109 to ~116 Mbbls/d (≈6% q/q).

Segment performance

Cold Lake: production +8% q/q to ~61 Mbbls/d (turnaround completion and new LDWs). Lloydminster Thermal: +13% q/q to ~32 Mbbls/d (Meota West 2 expansion). Lloydminster Conventional: steady at ~22.5 Mbbls/d; Bodo‑Cosine polymer flood activity ongoing.

Major projects & 2026 guidance

2026 capital budget unchanged at $1.0 billion; production guidance unchanged at 115–125 Mbbls/d. Key projects: Lindbergh D01 West (8 well pair) targeting first oil mid‑2026 and ~6,500 bbls/d peak (total cost ≈ $70M); Meota Central 67% complete, on schedule/budget, targeting first oil Q4 2026 and ~13 Mbbls/d peak (installed cost ≈ $360M).

Special distribution and shareholder action

Board proposes a $10.00 per share Special Distribution (≈$2.142 billion) via a Plan of Arrangement; special meeting set for Nov 27, 2025. Registered shareholders may elect to receive the distribution as a return of capital (election deadline currently scheduled for 5:00 p.m. Calgary time on Dec 16, 2025). Expected effective date (subject to approvals): on or about Dec 22, 2025.

Shareholder logistics & timing

Management information circular and related materials to be filed Nov 6, 2025 and will be available on SEDAR+ and the company website. Canada Post strike may delay physical delivery—shareholders are urged to access documents electronically and confirm intermediary deadlines for elections. Shares will trade under a new CUSIP/ISIN after the Effective Date, representing no entitlement to the Special Distribution.

Investor call

Strathcona will host a Q3 2025 results conference call on Nov 6, 2025 at 8:00 AM MT (10:00 AM ET) with webcast and telephone participation details provided in the release.

Summarized from source with an LLMView Source

Key figures

31.0%1Y

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Performance

40.0%1Y

40.6%3Y

40.6%5Y

Volatility