Athabasca Oil management commentary cites higher realized oil prices as driver of Q3 2026 netback gains
Bitget2026/10/29 00:12- Athabasca Oil management commentary reported third-quarter 2026 net income of $77.81 million, compared with $69.64 million a year earlier.
- Higher realized oil prices lifted thermal oil netbacks, partly offset by higher royalties and operating expenses per barrel.
- Leismer production fell 10% to 25,020 bbl/d, reflecting natural declines and a planned facility turnaround.
- Duvernay production rose 42% to 4,283 boe/d, driven by new wells; higher volumes reduced operating costs per barrel equivalent.
- Realized hedging losses widened to $44.65 million from $7.19 million, limiting gains from stronger oil prices.
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