The earnings call reflects a strong positive sentiment with significant achievements, including the successful completion and integration of the Veren business combination, which has expanded Whitecap's production capabilities and enterprise value. The company demonstrated strong operational and financial performance, with production exceeding expectations and strategic initiatives in place for continued growth. While there are challenges such as low AECO prices and commodity price volatility, the positive highlights significantly outweigh these concerns.

Company Guidance

During Whitecap Resources' Second Quarter 2025 Results Conference Call, the company provided detailed guidance on several key metrics. Whitecap has increased its production to approximately 365,000 BOE per day following the completion of a business combination with Veren on May 12. The company reported strong second-quarter production of 292,754 BOE per day, exceeding internal forecasts due to asset-level performance across their portfolios. The strategic focus for the second half of 2025 includes allocating 75% of capital to unconventional Montney and Duvernay assets and 25% to conventional assets. Whitecap maintains a strong balance sheet with net debt of $3.3 billion, equating to a net debt to annualized funds flow of approximately 1x. The company has a capital budget of $2 billion for the year, with expectations to be at the high end of their average production guidance range of 295,000 to 300,000 BOE per day. Additionally, Whitecap returned $191 million to shareholders through dividends and share repurchases in the first half of 2025.

Completion of Veren Business Combination

Whitecap Resources completed the Veren business combination on May 12, increasing production to approximately 365,000 BOE per day and the enterprise value to over $15 billion, making Whitecap Canada's seventh-largest oil and natural gas producer.

Strong Second Quarter Production

The company reported strong second quarter production of 292,754 BOE per day, well above internal forecasts, driven by Montney, Duvernay, and Southeast Saskatchewan assets.

Successful Integration of Veren Assets

The integration of the Veren assets and staff was successful, with early wins in cost consolidation and improved credit profile.

Operational Efficiencies and Cost Reductions

Expected capital efficiency improvements and operating cost reductions across the portfolio by leveraging best practices and enhanced scale.

Strong Financial Performance

Second quarter funds flow was strong at $713 million or $0.75 per share, up 6% per share compared to the second quarter last year.

Impressive Results in Conventional Portfolio

Strong momentum from assets like Frobisher, Wapiti Cardium, and Glauconite outperforming expectations.

Successful Hedging Strategy

Increased hedging positions to lock in additional downside protection, ensuring cash flows to fund maintenance capital and dividends.

Whitecap Resources (TSE:WCP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:WCP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.21 / -	0.46	―	―	―
Jul 23, 2025	2025 (Q2)	0.17 / 0.33	0.41	-19.51% (-0.08)
Apr 23, 2025	2025 (Q1)	0.31 / 0.27	0.1	170.00% (+0.17)	―
Feb 19, 2025	2024 (Q4)	0.37 / 0.40	0.49	-18.37% (-0.09)
Oct 23, 2024	2024 (Q3)	0.37 / 0.46	0.25	84.00% (+0.21)
Jul 24, 2024	2024 (Q2)	0.38 / 0.41	0.29	41.38% (+0.12)
Apr 24, 2024	2024 (Q1)	0.26 / 0.10	0.43	-76.74% (-0.33)
Feb 21, 2024	2023 (Q4)	0.31 / 0.49	0.52	-5.77% (-0.03)
Oct 25, 2023	2023 (Q3)	0.32 / 0.25	0.53	-52.83% (-0.28)
Jul 26, 2023	2023 (Q2)	0.27 / 0.29	0.61	-52.46% (-0.32)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:WCP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	C$10.13	C$10.73	+5.88%
Apr 23, 2025	C$7.81	C$7.97	+2.11%
Feb 19, 2025	C$9.52	C$9.66	+1.51%
Oct 23, 2024	C$9.84	C$9.77	-0.76%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Whitecap Resources (TSE:WCP) report earnings?

Whitecap Resources (TSE:WCP) is schdueled to report earning on Oct 22, 2025, Before Open (Confirmed).

What is Whitecap Resources (TSE:WCP) earnings time?

Whitecap Resources (TSE:WCP) earnings time is at Oct 22, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:WCP EPS forecast?

TSE:WCP EPS forecast for the fiscal quarter 2025 (Q3) is 0.21.

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