Tenaz Energy Swings to Q3 Loss YoY

MT newswire2026/11/05 11:28

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07:28 AM EST, 11/05/2026 (MT Newswires) -- Tenaz Energy (TNZ.TO) reported a Q3 net loss of CA$2.24 per diluted share, reversing a year-ago net income of CA$0.75 per share. Analysts polled by FactSet expected earnings of CA$1.45 per share. Petroleum and natural gas sales for the three months ended Sept. 30 surged to CA$273.7 million from CA$95.6 million. Average daily production jumped to 22,122 barrels of oil equivalent per day (boe/d) from 11,832 boe/d. Tenaz set a 2027 production guidance of 26,000-30,000 boe/d and a capital expenditure budget of CA$300 million to CA$350 million.

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On the 12th, the board of directors announced that Jensen Huang has resigned from his positions as President, CEO, and board member, effective immediately. Current Executive Vice President and CFO Colette Kress has agreed to serve as interim CEO. The board has initiated a formal search for a new CEO and will consider candidates both inside and outside the company. At the same time, the board has appointed Harvey C. Jones as its first-ever Chairman.

华尔街见闻•2026/11/12 15:31