)
Questerre Energy (QEC) investor relations material
Questerre Energy Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Closed acquisition of PX Energy, adding over 4,000 boe/d of oil shale production and downstream refining assets, making the company vertically integrated across the oil shale value chain.
Formed a 50/50 joint venture with Nimofast's subsidiary in Brazil to manage PX Energy, leveraging local expertise for improved margins and profitability.
Initiated a Quebec asset spinout, planning to distribute tracking shares to existing shareholders.
Ongoing legal and regulatory efforts in Quebec, including carbon storage pilot project and litigation regarding Bill 21.
Financial highlights
Q3 2025 petroleum and natural gas sales were $11.8 million, up from $9.5 million in Q3 2024, driven by higher production volumes.
Net loss of $5.3 million in Q3 2025 compared to a net loss of $0.3 million in Q3 2024; YTD net loss of $6.0 million versus net income of $0.8 million last year.
Adjusted funds flow from operations was $2.8 million in Q3 2025, down from $3.4 million in Q3 2024, reflecting lower commodity prices and higher costs.
Working capital deficit of $40.3 million at quarter-end, mainly due to PX Energy acquisition.
Capital expenditures totaled $2.2 million for the quarter and $21.2 million YTD, primarily for Kakwa North wells.
Outlook and guidance
Focused on integrating PX Energy and concluding the joint venture with Nimofast for the remainder of 2025.
Anticipates adding approximately 2,000 boe/d from PX Energy assets for the rest of the year, subject to JV execution.
Expects Western Canada production to decline in Q4 2025, excluding new Saskatchewan well.
Next Questerre Energy earnings date
Next Questerre Energy earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage