Highwood Asset Management Reports Third-Quarter 2026 Results
Highwood reported EBITDA of $3.8 million ($0.25 per share), adjusted funds flow of $3.5 million ($0.23 per share) and average production of 2,494 boe/d for the quarter. Production was impacted by scheduled turnarounds.
Highwood Asset Management Ltd. reported financial and operating results for the three and nine months ended September 30, 2026. For the third quarter, the company achieved EBITDA of $3.8 million ($0.25 per share) and adjusted funds flow of $3.5 million ($0.23 per share). Average corporate production for the quarter was 2,494 boe/d, a figure impacted by scheduled turnarounds at the Brazeau 6-27 facility and a third-party gas plant.
Operationally, the company completed the drilling of its first well in the Twining area of Alberta and recently spud a well in the Mannville stack, with plans for another within 30 days. Highwood also continues to advance waterflood activity at Brazeau to reduce sustaining capital and corporate base declines.