Advantage Energy cuts 2026 output outlook to 80,000-82,000 boe/d after Wembley sale deal

Reuters2026/08/26 23:00

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Advantage forecast Q4 2026 output of 83,000-84,000 boe/d, following a deal to sell Wembley assets for gross proceeds of $316 million.
Full-year 2026 production guidance cut to 80,000-82,000 boe/d from 81,000-85,000 boe/d; gas mix raised to 85%-87%.
Operating expense outlook narrowed to $5.1-$5.4/boe; transportation costs reduced to $3.85-$4.1/boe; royalty rate lifted to 9%-11%.
Q4 2026 unit cost expectations set at about $4.7/boe operating, $0.7/boe G&A, $0.85/boe finance.
Net debt expected near $245 million post-close, including $101 million bank debt, $144 million convertible debentures; debt-to-adjusted funds flow projected below 1x.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Advantage Energy Ltd. published the original content used to generate this news brief via CNW (Ref. ID: 202608261900CANADANWCANADAPR_C1819) on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Advantage Energy cuts 2026 output outlook to 80,000-82,000 boe/d after Wembley sale deal

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