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Strathcona Resources (SCR) investor relations material
Strathcona Resources Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 2026 production averaged 117,022 boe/d, with 99.7% liquids, remaining flat sequentially from Q1 2026.
Operating Earnings reached $376 million ($1.76/share), up 94% from the previous quarter, driven by higher oil prices.
Free Cash Flow hit a record $296 million ($1.38/share), supported by higher earnings and lower capital expenditures.
Quarterly dividend of $0.30 per share declared, payable September 21, 2026.
Financial highlights
Oil and natural gas sales, net of blending and other income, were $1,080 million for Q2 2026, up from $971 million in Q2 2025.
Net income for Q2 2026 was $333 million, compared to $231 million in Q2 2025.
Funds from Operations totaled $538 million in Q2 2026, up from $414 million in Q2 2025.
Capital expenditures were $233 million in Q2 2026, down from $379 million in Q2 2025.
Net debt at quarter-end was $1.93 billion.
Outlook and guidance
2026 production guidance midpoint unchanged; range tightened to 122–128 Mbbls/d, with exit production expected at 135 Mbbls/d (15% exit-to-exit growth).
2026 capital budget remains at $1.0 billion.
- Targeting 10% annual production growth to 200 Mbbls/d by 2031 through major brownfield expansions.SCR
Corporate presentation - Q1 2026 delivered strong operating earnings and stable free cash flow, with 2026 guidance reaffirmed.SCR
Q1 2026 - Five-year plan targets 10% CAGR to 200 Mbbls/d, leveraging long-life, high-margin oil sands assets.SCR
Corporate presentation - Strong 2025 results with robust reserves, dividend, and share buyback, plus steady 2026 outlook.SCR
Q4 2025 - Five-year plan targets 10% CAGR to 200 Mbbls/d, leveraging long-life reserves and high margins.SCR
Corporate presentation - Aiming for 8% annual growth to 290,000 BOE/d by 2030, with rising dividends and major CCS projects.SCR
Investor Day 2024 - Strong Q2 results, new dividend, and carbon capture partnership amid gas price weakness.SCR
Q2 2024 - Record production, MEG investment, and asset sales drive growth, liquidity, and synergies.SCR
Q1 2025 - Record reserves, strong cash flow, and operational outperformance drive long-term value.SCR
Q4 2024
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