Dividend PolicyStrong dividend returns: company returned $44 million to shareholders via the base dividend, representing a 75% payout, which supports yield attractiveness and signals capacity to sustain payouts during expansion.
Operational PerformanceOperational momentum: a cash flow beat, 34 new leases signed, and meaningful improvement in well productivity help offset slower basin activity and underpin near-term cash generation.
U.S. Expansion And M&AFocused U.S. expansion and accretive M&A: leasing activity concentrated in the Permian and targeting deeper formations should provide acreage optionality and attract investors seeking North American oil and gas exposure.