🔔 Set your reminder: Investor Update with @joy_energyinc.
Join us for a live webinar covering $JOY.CA's Q4 and FY2025 financial and operating results, along with 2026 exploration plans and key milestones across its conventional, oil-weighted assets in western Canada.
🗓️ Thursday, March 19
⏰ 2:00 p.m. ET
🔗 RSVP: https://t.co/1pWpAMxugZ
$JRNGF #InvestorUpdate #Energy
This week, Journey released our year end 2025 financial results. Despite a 16% fall in oil prices from 2024 to 2025, we reduced net debt by 16% and increased our adjusted funds flow by 37% when compared year over year.
Our Duvernay play has now seen 9 gross wells brought online since the Joint Venture was announced in 2024. The Duvernay delivers high-rate oil wells with a low operating cost and royalty structure – leading to high netbacks that transform our funds flow generation outlook. In 2025, the Duvernay made up 14% of our total production and 32% of our operating income, and looking forward, represents 41% of our undeveloped P+P NAV.
We continue to progress our Power Projects, with the 14.2 MW Gilby Plant undergoing final commissioning and testing prior to selling power to the grid. And our conventional business continues to deliver low decline production and stable cash flow to fund our growth wedge.
Journey Energy has released its Q3 2025 earnings.
Our third quarter production was 11,862 boe/d (61% liquids), which generated $20.5 million of adjusted funds flow ($56 million year to date).
Journey remains excited about our Gilby Duvernay acreage with very promising 2025 drilling results. In addition, we drove down debt by $9.1 million (14%) quarter over quarter, completed several minor non-core asset divestitures, and are pleased to report a 7% reduction in operating costs from the third quarter of 2024 due to our optimization efforts in the field. To read our full quarterly report, please follow the link below:
https://t.co/NsKIr6CG9y
$JOY $JOY.TO
Now Live: Journey Energy CEO Alex Verge breaks down the Duvernay's 5-year development plan that could transform the company from 11,000 to 20,000 boe/d - and why the economics suggest it becomes self-funding by 2027.
Part 3: https://t.co/6u3jMPSl4x
Journey Energy CEO Alex Verge discusses the Duvernay development plan and the financial outlook. Part 3 in our multi-part series releasing tomorrow.
Part 1 can be viewed here: https://t.co/15HnJgItux
Part 2 can be viewed here: https://t.co/3Rtj1Hifnc
Journey Energy CEO Alex Verge shares the untold story of how a $3.5M land bet in 2016 comes full circle, to controlling 30% of 112 sections in the Duvernay
Part 2: https://t.co/R6Sg4NJP7L
Now Live: Journey Energy CEO Alex Verge reveals why the Duvernay is our biggest opportunity yet and what it means for shareholder returns to a small Junior E&P like Journey.
Watch the full video: https://t.co/72dMDpja85
Journey Energy CEO Alex Verge reveals why the Duvernay is our biggest opportunity yet and its impact on shareholder value. First in our multi-part series releasing tomorrow. $JOY.TO
To supplement our earnings release, we have updated our Corporate Presentation.
Some key slides outlining our Duvernay Joint Venture are shown below.
Link: https://t.co/Rfg3iY3g32
We have released our Q2 2025 Financial and Operating Results.
Highlights for the quarter include $15.9 million of adjusted funds flow and early results from our 2025 Duvernay Capital Program.
Press release link: https://t.co/0VvmG2Z3wC
$JOY.TO
ICYMI ⏩ Catch our latest webinar with @joy_energyinc for an operational update.
Journey Energy President & CEO, Alex Verge, digs into the latest company news and future plans!
🔗 WATCH HERE: https://t.co/HLpGLayEZd
★ TSX: $JOY // OTCQX: $JRNGF ★
#JourneyEnergy $JOY.to #JOY
A view of Medicine Hat pipeline construction from one of our polymer facilities to a new set of injection wells as part of our polymer flood expansion project.
Polymer floods inject a higher viscosity fluid into the reservoir & improves recovery of heavy oil.