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The latest update is out from Southern Energy ( (TSE:SOU) ).
Southern Energy Corp. reported its first quarter 2025 financial results, highlighting a 7% increase in petroleum and natural gas sales due to improved natural gas pricing. Despite a net loss of $3.9 million, the company is optimistic about future growth, supported by recent equity financing and favorable market conditions. Southern plans to resume field operations, including the completion of wells in the Gwinville area, and is addressing a transportation dispute affecting production. The company aims to capitalize on strengthening demand and rising natural gas prices, positioning itself for long-term shareholder value.
More about Southern Energy
Southern Energy Corp. is a natural gas exploration and production company with a stable, low-decline production base, a significant low-risk drilling inventory, and strategic access to premium commodity pricing in North America.
Find detailed analytics on SOU stock on TipRanks’ Stock Analysis page.