Strathcona Resources Ltd. today reported its first quarter 2026 financial and operating results. The Board of Directors also declared a quarterly dividend of $0.30 per common share. Q1 2026 Highlights Production of 116,542 boe/d Operating Earnings of $194 million Free Cash Flow of $47 million Three Months Ended March 31, 2026 March 31, 2025 December 31, 2025 WTI 71.93 71.42 59.14 WCS Hardisty 79.23 84.30 66.89 AECO 5A [...]
Strathcona Resources Ltd. today reported its voting results from its annual meeting of shareholders held on April 22, 2026 . All matters presented at the Meeting were approved including the election of all nine nominees listed in the management information circular dated March 11, 2026. The complete results of voting for business considered at the Meeting are set out below: Voting Results 1. Election of Directors The [...]
Strathcona Resources Ltd. today announced that the Toronto Stock Exchange has accepted Strathcona's notice to commence a normal course issuer bid to purchase outstanding common shares representing up to five percent of its issued and outstanding common shares. Under the NCIB, purchases of common shares may be made through the facilities of the TSX, other designated exchanges and/or alternative Canadian trading systems, or [...]
Strathcona Resources reported its fourth quarter and full year 2025 financial and operating results as well as its year-end 2025 reserves. The Board of Directors also declared a quarterly dividend of $0.30 per common share and approved a share repurchase program for up to 5% of its outstanding shares, subject to customary TSX approvals. Q4 2025 Highlights Production of 117,715 boe/d Operating Earnings of $146 million Free [...]
Strathcona Resources confirmed the payment of its previously announced special distribution and provided further details regarding its pro forma capital structure. Special Distribution Strathcona today completed its previously announced special distribution of $10.00 per share via a plan of arrangement. Odyssey Trust Company expects to mail or wire, as applicable, the Special Distribution to each registered shareholder as [...]
Strathcona Resources Ltd. today confirmed the closing of its previously announced acquisition of the Vawn thermal project and certain undeveloped thermal lands . Consideration for the Acquired Assets is comprised of $75 million in cash paid on closing and contingent consideration of up to $75 million. The contingent consideration is equal to $1 million for each dollar per barrel the Western Canada Select index averages [...]
Strathcona Resources Ltd. today announced that the Court of King's Bench of Alberta issued a final order approving the previously announced plan of arrangement pursuant to Section 193 of the Business Corporations Act , under which Strathcona will make a special distribution of $10.00 per share, or approximately $2.142 billion in aggregate, to its shareholders . The Special Distribution also received shareholder approval [...]
Strathcona Resources Ltd. today reported its third quarter 2025 financial and operating results and provided an update on the previously announced special distribution. The Board of Directors also declared a quarterly dividend of $0.30 per common share. Q3 2025 Highlights Production of 116,201 boe/d Operating Earnings of $235.5 million Free Cash Flow of $93.8 million Three Months Ended Nine Months Ended September 30, 2025 [...]
Strathcona Resources announced it has entered into a voting support agreement with Cenovus Energy concurrently with Cenovus entering into an amendment agreement with MEG Energy to increase the consideration offered by Cenovus to holders of common shares of MEG under the arrangement agreement dated August 21, 2025, as amended, to $30.00 in cash or 1.255 Cenovus common shares per MEG common share, subject to pro-ration [...]
Strathcona Resources Ltd. will release its third quarter 2025 financial and operating results after market close on November 5, 2025. Strathcona will host a conference call on November 6, 2025, starting at 9:00AM MT , to review the Company's third quarter 2025 results. Date: Thursday, November 6, 2025 Time: 11:00AM ET URL Entry: To join without operator assistance, register here up to 15 minutes before the start time [...]
Strathcona Resources Ltd. today announced: the termination of its take-over bid for MEG Energy Corp. , a meeting of shareholders to approve a special distribution of $10.00 / share, and a corporate update. Termination of MEG Offer As a result of the revised arrangement agreement between the MEG board of directors and Cenovus Energy Inc. , Strathcona believes the conditions to its Offer, or any reasonably improved offer [...]
Strathcona Resources responded to the recommendation by the Board of Directors of MEG Energy on September 15, 2025 to vote in favour of the arrangement agreement between MEG and Cenovus Energy announced on August 22, 2025, and to reject Strathcona's amended and extended take-over bid announced on Sept 8, 2025. Strathcona is disappointed that the MEG Board has elected to re-commit to the MEG Board Deal, despite the clearly [...]