Spartan Delta Reports Q3 Results, Raises 2026 Capital Plan and Sets 2027 Guidance
Third-quarter Adjusted Funds Flow was $109.5 million, up 117% year over year, on production of 53,448 BOE/d and record 46% liquids weighting. Spartan raised its 2026 capital program by $50 million to $575–$625 million and set 2027 spending at $700–$750 million, targeting 62,000–66,000 BOE/d. Its 2030 Duvernay production plateau target rose 50% to 75,000 BOE/d.
Spartan Delta Corp. reported third quarter 2026 Adjusted Funds Flow of $109.5 million, representing a 117% increase from the same period in 2025. The company achieved a record 46% liquids weighting in the third quarter, with production of 53,448 BOE/d. To capitalize on strong pricing, Spartan increased its 2026 capital program by $50 million to a range of $575 - $625 million.
For 2027, the company announced a capital program of $700 - $750 million, targeting annualized production of 62,000 - 66,000 BOE/d. Additionally, Spartan raised its long-term Duvernay production plateau target to 75,000 BOE/d by 2030, a 50% increase from its previous goal.