CALGARY – Whitecap Resources Inc., fresh off its $15-billion combination with Veren Inc., has reported higher revenues and oil and gas production in its latest quarterly results.
The Calgary-based oil and gas producer says net income was $310.6 million for the three months ended June 30, up from $244.5 million during the same 2024 quarter.
That amounted to 33 cents per diluted share compared with 41 cents per share a year earlier.
Petroleum and natural gas revenues were $1.37 billion, an increase from $980.4 million during last year’s second quarter.
Whitecap produced 292,754 barrels of oil equivalent per day during the period compared to 177,314.
The all-stock transaction with Veren closed in mid-May and Whitecap is now the biggest landholder in the Montney and Duvernay shales and the second-largest oil producer in Saskatchewan.
This report by The Canadian Press was first published July 23, 2025.
Companies in this story: (TSX: WCP)