Whitecap Reports Third-Quarter Results

Whitecap Resources Inc. reported third-quarter 2026 revenue of CA$2.41 billion and net income of $326.4 million. The company increased its 2026 average production guidance to 392,000 boe/d and raised its monthly cash dividend by approximately 1.5% to $0.0617 per share. Additionally, the Board of Directors approved a 2027 capital budget of $2.4 billion to $2.6 billion, targeting average production of 400,000 to 410,000 boe/d. Management highlighted a strong balance sheet with $2.1 billion in net debt and noted that the 2027 budget focuses on drilling 127 unconventional and 205 conventional wells.