Prospera Energy (PEI) Q4 2025 earnings summary

Executive summary

• Achieved transformational year by converting wells slated for abandonment into long-life, low-cost producing reserves, with 17 wells reactivated in Luseland and upgrades to Cuthbert and Hearts Hill plants completed.

• Closed acquisition of White Tundra Petroleum and increased working interest in core heavy oil properties to 100%, broadening production base.

• Average net sales rose 19% year-over-year to 745 BOE/d in Q4 2025; full-year sales volumes up 14.5% to 273,333 BOE; Q4 2025 operating costs per BOE declined 24% from Q4 2024.

Financial highlights

• Gross Proved Developed Producing (PDP) reserves increased 21% to 1,655 Mboe; Proved plus Probable (2P) reserves up 31% to 8,884 Mboe.

• 1P reserve life index rose 52% to 40.7 years; 2P reserve life index up 58% to 50.0 years.

• NPV10 of 1P reserves increased 17% to $130.6MM; NPV10 of 2P reserves up 27% to $202.0MM.

• Estimated future development costs for 2P reserves rose to $60.9 million from $44.1 million year-over-year, reflecting expanded reserve base.

Outlook and guidance

• 2026 priorities include extending Luseland reactivation, realizing full-year benefits of 2025 infrastructure upgrades, integrating White Tundra assets, and further reducing financial liabilities.

• Plans to capitalize on commodity price recovery to enhance operating netback and cash flow.