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Southern Energy ( (TSE:SOU) ) just unveiled an update.
Southern Energy Corp. reported a strong third quarter in 2025, with a 25% increase in petroleum and natural gas sales compared to the same period in 2024, driven by a 50% rise in natural gas pricing. The company successfully completed an oil well in the Magee Field, enhancing cash flow and reaffirming the quality of its development inventory. Southern also achieved a net income of $0.5 million, a significant improvement from the net loss in the previous year. The company plans to leverage its recent operational successes to strengthen its balance sheet and advance additional projects, while monitoring natural gas pricing and resolving a transportation dispute affecting some production volumes.
More about Southern Energy
Southern Energy Corp. is a natural gas exploration and production company with a focus on acquiring and developing conventional natural gas and light oil resources in the southeast Gulf States of Mississippi, Louisiana, and East Texas. The company is known for its stable, low-decline production base, significant low-risk drilling inventory, and strategic access to premium commodity pricing in North America.
See more insights into SOU stock on TipRanks’ Stock Analysis page.