Tamarack Valley Energy Swings to Q3 Net Profit of $98.84 Million
Bitget2026/10/28 09:02- Tamarack Valley Energy swung to third-quarter 2026 net income of $98.84 million from a year-earlier loss.
- Oil and natural gas sales rose 19% year-over-year to $468.69 million, while cash provided by operating activities climbed 10% to $247.73 million.
- Total production fell 16% year-over-year to 55,298 boe per day in the third quarter.
- The all-stock Headwater merger is expected to close in mid-to-late November, creating a combined company valued at $10 billion.
- Full-year 2026 production guidance increased to 65,500–67,500 boe per day, including acquired Headwater production and first-half Charlie Lake output.
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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