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Spartan Delta Corp (SDE) investor relations material
Spartan Delta Corp Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong operational results in the West Shale Basin Duvernay and Deep Basin, focusing on disciplined capital allocation, cost reductions, and liquids growth.
Drilled 6.0 (5.7 net) wells, completed 8.0 (7.7 net) wells, and brought on-stream 10.0 (8.5 net) wells in Q3 2025.
On track to meet or exceed the high end of 2025 production guidance of 39,000–41,000 BOE/d.
Increased total credit capacity from $250 million to $450 million to support growth strategy.
Financial highlights
Q3 2025 production averaged 43,193 BOE/d (39% liquids), up 17% year-over-year and 12% sequentially.
Oil and gas sales were $82.7 million, a 37% increase year-over-year.
Net income for Q3 2025 was $5.3 million, up 51% year-over-year.
Adjusted Funds Flow reached $50.4 million, a 61% increase year-over-year.
Capital expenditures before A&D were $105.1 million, up 93% year-over-year.
Outlook and guidance
Anticipates achieving or exceeding the high end of 2025 production guidance (39,000–41,000 BOE/d).
Plans to release 2026 operating budget and guidance with annual results.
Well-capitalized to continue Duvernay growth strategy.
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