v3.25.4
Consolidated Statements of Comprehensive Income - CAD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenues    
Oil sales, net of royalties $ 584,395 $ 790,949
Gain (loss) on risk management contracts 42,579 (27,489)
Gross profit 626,974 763,460
Expenses    
Diluent expense 232,793 327,146
Transportation and marketing 49,924 52,744
Operating expenses 129,010 152,864
General and administrative 22,865 22,758
Stock-based compensation 2,923 6,344
Financing and interest 77,570 61,460
Depletion and depreciation 83,584 81,030
Exploration expenses 2,188 1,811
Other income (3,378) (5,032)
Gain on revaluation of warrants (14,176) (326)
Foreign exchange (gain) loss (11,652) 26,129
Total expenses 571,651 726,928
Net income before taxes 55,323 36,532
Income tax (expense) recovery (7,819) 84,879
Net income and comprehensive income $ 47,504 $ 121,411
Net income per share    
Basic (in Dollars per share) $ 0.66 $ 1.76
Diluted (in Dollars per share) $ 0.66 $ 1.7
Oil sales    
Revenues    
Oil sales, net of royalties $ 603,303 $ 822,972
Royalties    
Revenues    
Oil sales, net of royalties $ (18,908) $ (32,023)