Tenaz Energy Reports Q3 Results, Sets 2027 Production and Spending Guidance
Q3 production was 22,122 boe/d, up 29% from the previous quarter. Funds flow from operations rose 77% to $131.3 million, while Tenaz reported a $74.3 million net loss, primarily from unrealized derivative losses. The company guided to 2027 production of 26,000–30,000 boe/d and capital spending of $300–$350 million.
Tenaz Energy Corp. reported Q3 2026 production of 22,122 boe/d, representing a 29% increase from the previous quarter. The company generated $131.3 million in funds flow from operations (FFO), up 77% from Q2 2026, while capital investment for the quarter totaled $99.0 million. Despite strong operational performance, the company recorded a net loss of $74.3 million, primarily driven by unrealized losses on derivative instruments.
Looking ahead, Tenaz provided 2027 production guidance of 26,000—30,000 boe/d and capital spending guidance of $300—$350 million. Management indicated that the 2027 investment plan is expected to be fully funded by forecast FFO, with excess free cash flow directed toward debt reduction and share repurchases.