Business · Companies · 4 hrs ago
Athabasca Oil reports higher production and cash flow in third quarter
Athabasca Oil reported its 2026 third-quarter results from Calgary, Alberta.
The Canadian oil company produced 38,602 barrels of oil equivalent per day, up 20% from the previous quarter after planned maintenance in the second quarter.
Adjusted funds flow was $161 million, 31% higher than in the prior quarter and 25% higher than a year earlier.
Athabasca also reported $71 million in free cash flow from Thermal Oil and a net cash position of $82 million.
The results matter because they show the company’s production and cash flow increased while it continued spending on growth projects.
At Leismer, two new steam generators were commissioned at the end of October, and seven well pairs were being steamed.
Athabasca Oil reported third-quarter production of 38,602 barrels of oil equivalent per day, up 20% from the second quarter.
Adjusted funds flow was $161 million, a 31% increase from the second quarter and 25% higher year over year.
The company reported $71 million in free cash flow from its Thermal Oil business.
Total capital expenditures were $112 million, including spending at Leismer and in Duvernay.
Athabasca reported a net cash position of $82 million and liquidity of $838 million.
- Who
- Athabasca Oil Corporation.
- What
- It reported higher third-quarter production and adjusted funds flow.
- When
- Third quarter 2026; the results were published on Oct. 28, 2026.
- Where
- Calgary, Alberta. The report covers the company’s operations.
- Why
- The company said production rose after planned turnarounds in the second quarter.
This story does not have two clearly opposing sides.
Planned turnarounds took place.
Production reached 38,602 boe/d and adjusted funds flow was $161 million.
Athabasca Oil reported its third-quarter results.
Two new steam generators were commissioned at Leismer.
- Production
- 38,602 boe/d, 98% liquids
- Adjusted funds flow
- $161 million, or $0.33 per share
- Free cash flow
- $71 million from Thermal Oil
- Capital expenditures
- $112 million total
- Net cash
- $82 million
- Liquidity
- $838 million