Q1 Revenue at $114M, Below Consensus
Reports Q1 revenue $114M, consensus $119.62M. Reported 35.6 MBoe/d of total equivalent production (oil production of 20.2 MBbls/d). CEO Bobby Riley commented, "Our Q1 results reflect strong operational execution, with production exceeding guidance and capital spending below expectations. Gas and NGL realizations were negatively impacted by regional gas egress constraints, which tempered cash flow results. Despite these regional pricing pressures, the broader operating environment remains constructive, and we remain confident in our outlook for meaningful year-over-year production growth and value creation throughout 2026."
