TNEYF - Tamarack Valley Energy GAAP EPS of $0.00 revenue of $379.5M; updates production guidance

2023-05-11 02:46:37 ET

• Tamarack Valley Energy press release ( OTCPK:TNEYF ): Q1 GAAP EPS of $0.00.
• Revenue of $379.5M (+27.0% Y/Y).
• Total capital spending for the quarter of $148.2M.
• Corporately, production for Q1 2023 averaged 67,938 boe/d, representing a 64% year-over-year increase and a 6% increase over the fourth quarter of 2022.
• Adjusted funds flow of $157.3 million and free funds flow of $9.1 million.
• The Company's 2023 capital guidance range remains unchanged at $425 million to $475 million.
• "Our 2023 annual production guidance range has been updated to 67,000 to 71,000 boe/d accounting for the disposition and the unplanned production downtime during the first quarter. "

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