Cavvy Energy Reports Q3 Production, Income and Funds Flow Growth
Third-quarter production was 17,482 boe/d of hydrocarbons and 753 mt/d of sulphur. Net Operating Income was $38.4 million, Operating Netback was $23.86/boe, and Funds Flow from Operations was $29.5 million. The figures increased 25%, 72% and 129%, respectively, year over year.
Cavvy Energy Ltd. announced its financial and operating results for the third quarter ended September 30, 2026. The company reported production of 17,482 boe/d of hydrocarbons and 753 mt/d of sulphur, generating Net Operating Income (NOI) of $38.4 million and an Operating Netback of $23.86/boe. These figures represent a 25% and 72% increase, respectively, compared to the third quarter of 2025.
Funds Flow from Operations reached $29.5 million, marking a 129% increase year-over-year. During the quarter, the company invested $35.4 million in capital expenditures, which included a 52-day scheduled turnaround at the Caroline gas plant and various facility optimization and maintenance projects.