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Condor Energies (CDR) investor relations material
Condor Energies Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary12 Nov, 2025
Executive summary
Q3 2025 production in Uzbekistan averaged 9,978 boe/d, with 9,778 boe/d from natural gas and 200 bopd from condensate.
Uzbekistan natural gas and condensate sales for Q3 2025 totaled $18.74 million.
Drilling of Uzbekistan's first horizontal well is ongoing, with a 1,000-meter lateral section underway and multiple mud gas shows encountered.
Field optimization and engineering for phase one of field compression are complete; procurement has started to boost gas production.
A USD $5 million bridge loan was secured for the first LNG facility in Kazakhstan, scheduled to produce LNG in Q3 2026.
Financial highlights
Q3 2025 Uzbekistan production decreased 1.7% sequentially due to natural reservoir decline, partially offset by workovers.
Operating netback for Q3 2025: $1.24/Mcf for natural gas and $45.62/bbl for condensate.
Q3 2025 sales: $17.62 million from natural gas and $1.12 million from condensate.
Nine months ended September 30, 2025: total sales of $60.29 million, with $55.48 million from natural gas and $4.81 million from condensate.
Daily production for Q3 2025: 58,668 Mcf/d natural gas and 200 bopd condensate.
Outlook and guidance
Multi-well drilling campaign in Uzbekistan aims to increase gas production and cash flows, with up to 12 wells planned for 2026.
First LNG facility in Kazakhstan is over 90% complete, with production expected in Q3 2026.
Modular LNG facilities planned at three locations in Kazakhstan, leveraging three natural gas allocations.
Field compression facility in Uzbekistan scheduled for commissioning in Q4 2026, expected to add over 20 MMscf/d of incremental gas production.
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Next Condor Energies earnings date
Q4 202520 Mar, 2026
Next Condor Energies earnings date
Q4 202520 Mar, 2026
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