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CALGARY, AB , May 15, 2025 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) today reported its first quarter 2025 financial and operational results and disclosed an investment in MEG Energy Corp. The Board of Directors also declared a quarterly dividend of $0.30 per share Q1 2025 Highlights Production of 194,609 boe/d (70% oil and condensate, 76% liquids)(1) Operating Earnings of $322.4 million ($1.51 / share) Free Cash Flow of $184.0 million ($0.86 / share)(2) Three Months Ended ($ millions, unless otherwise indicated) March 31, 2025 March 31, 2024 December 31, 2024 WTI (US$ / bbl) 71.42 76.96 70.27 WCS Hardisty (C$ / bbl) 84.30 77.77 80.75 AECO 5A (C$ / GJ) 2.05 2.36 1.40 Bitumen (bbls/d) 65,016 60,150 59,732 Heavy oil (bbls/d) 50,488 51,835 50,997 Condensate and light oil (bbls/d) 20,682 19,279 20,763 Total oil production (bbls/d) 136,186 131,264 131,492 Other NGLs (bbls/d) 11,837 11,738 12,980 Natural gas (mcf/d) 279,517 252,720 256,386 Production (boe/d) 194,609 185,122 187,203 Sales (boe/d) 194,884 182,862 184,120 % Oil and condensate 70 % 71 % 70 % % Liquids(1) 76 % 77 % 77 % Oil and natural gas sales, net of blending costs and otherincome(2) 1,133.7 1,004.3 1,024.6 Royalties 138.2 126.2 208.5 Production and operating – Energy 75.7 78.8 58.7 Production and operating – Non-energy 155.5 135.4 138.5 Transportation and processing 142.4 143.4 144.2 General and administrative 24.7 22.0 28.4 Depletion, depreciation and amortization 215.7 221.8 196.3 Interest and finance costs(3) 59.1 67.7 60.0 Operating Earnings 322.4 209.0 190.0 Other items(3) 117.1 108.4 102.1 Income and comprehensive income 205.3 100.6 87.9 Operating Earnings 322.4 209.0 190.0 Non-cash items(3) 236.4 244.1 217.3 (Loss) gain on risk management and foreign exchange contracts – realized (0.7) 2.5 (1.8) Funds from Operations (2) 558.1 455.6 405.5 Capital expenditures (350.6) (286.1) (392.5) Decommissioning costs (23.5) (11.6) (12.7) Free Cash Flow (2) 184.0 157.9 0.3 Debt, net of cash and marketable securities (3) 2,416.8 2,642.5 2,461.6 Common shares (millions) 214.2 214.2 214.2 (1) See "Presentation of Oil and Gas Information" section of this press release.
