Journey Energy (OTC) ( (JRNGF) ) has released its Q3 earnings. Here is a breakdown of the information Journey Energy (OTC) presented to its investors.
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Journey Energy Inc., a Canadian exploration and production company, focuses on oil-weighted operations in Alberta and is expanding its power generation business through projects at Gilby and Mazeppa.
In its third-quarter 2025 earnings report, Journey Energy reported a notable increase in sales volumes and adjusted funds flow, driven by successful Duvernay drilling results and strategic asset divestments.
Key financial highlights include a 6% increase in sales volumes to 11,862 boe/d and a 51% rise in adjusted funds flow to $20.5 million. The company also reduced its net debt by 8% from year-end 2024, closed divestments yielding $3.2 million, and continued the construction of the Gilby power generation asset.
Journey Energy’s strategic focus on transitioning to higher-margin operations is evident in its Duvernay joint venture, which has contributed significantly to its financial performance. The company is also making strides in reducing asset retirement obligations and improving operational efficiencies.
Looking ahead, Journey Energy remains committed to its growth strategy, with plans to continue asset divestments and focus on its Duvernay and power generation projects, positioning itself for sustainable growth in the coming years.