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The latest announcement is out from PetroTal Corp ( (TSE:TAL) ).
PetroTal reported 2025 average production of 19,473 barrels of oil per day, up about 9% year on year, generating $166.3 million in adjusted EBITDA and $90.4 million in free funds flow despite weaker Brent prices. Net income fell to $44.2 million from $111.5 million, but the company strengthened its balance sheet with year‑end cash of $139.1 million and returned roughly $44 million to shareholders via dividends and buybacks before pausing distributions.
The company cut development capex sharply in 2025, invested heavily in an erosion control project, and faces ongoing production constraints at Bretana due to limited water reinjection capacity that has forced five horizontal wells offline. To restore growth, PetroTal has approved a tender award for a new drilling contractor, plans to import a rig to Peru in 2026, and aims to spud the next Bretana development well by October 2026 while pursuing cost reductions and facility optimization to boost output and efficiency.
More about PetroTal Corp
PetroTal Corp. is an oil and gas producer with core operations in Peru, focused on developing the Bretana field in Block 95 and additional output from Block 131. The company markets its crude primarily via export routes through Brazil, targeting Brent-linked pricing while managing logistics, tariffs and water-handling constraints that shape its operating profile and capital priorities.
For an in-depth examination of TAL stock, go to TipRanks’ Overview page.