Cardinal Energy Reports Strong Q1 2025 Results with Increased Production and Reduced Debt

An announcement from Cardinal Energy ( (TSE:CJ) ) is now available.

Cardinal Energy Ltd. reported a 1% increase in production to 22,005 boe/d for the first quarter of 2025, with a notable 18% rise in adjusted funds flow to $62.2 million. The company successfully reduced its bank debt by 90% and continued to invest in its thermal project at Reford, Saskatchewan, which is over 80% complete. Cardinal maintained its dividend strategy, returning $28.7 million to shareholders, which resulted in a total payout ratio reduction of 42% from the previous year.

Spark’s Take on TSE:CJ Stock

According to Spark, TipRanks’ AI Analyst, TSE:CJ is a Outperform.

Cardinal Energy demonstrates strong financial performance with robust revenue growth and efficient cash flow generation. Notably, its valuation is compelling, supported by a high dividend yield. However, technical indicators suggest caution due to potential bearish trends. Recent corporate events showcasing strategic growth initiatives further enhance the stock’s attractiveness.

To see Spark’s full report on TSE:CJ stock, click here.

More about Cardinal Energy

Cardinal Energy Ltd. operates in the energy sector, focusing on the production of crude oil, natural gas, and natural gas liquids (NGLs). The company is engaged in projects such as steam-assisted gravity drainage (SAGD) and is committed to shareholder returns through dividends.

Average Trading Volume: 787,964

Technical Sentiment Signal: Hold

Current Market Cap: C$894.8M

Learn more about CJ stock on TipRanks’ Stock Analysis page.