Supported by strengthening AECO natural gas prices in Western Canada toward the end of the year, Pine Cliff closed 2025 with strong momentum. Our team successfully navigated a volatile 2025 commodity backdrop by maintaining capital discipline, sustaining a dividend in a responsible manner, and advancing our high return drilling opportunities. These efforts contributed to a solid financial performance, highlighted by the following key accomplishments in Q4 and 2025:
Read Full MessageFourth Quarter and 2025 Highlights
· Generated $7.8 million ($0.02 per basic and fully diluted share) and $29.9 million ($0.08 per basic and fully diluted share) of adjusted funds flow1 for the three months and year ended December 31, 2025;
· Reduced net debt1 by $12.7 million or 20% to $49.6 million at December 31, 2025, compared to $62.3 million at December 31, 2024;
· Paid dividends of $1.3 million ($0.004 per share) and $9.4 million ($0.026 per share) during the three months and year ended December 31, 2025; and
· Generated net income of $3.8 million ($0.01 per basic and fully diluted share) for the three months ended December 31, 2025.
Declaration Date: January 6, 2026
Record Date: January 15, 2026
Payment Date: January 30, 2026
Amount (C$ per common share): $0.00125
Designated: Non-Eligible1
Declaration Date: February 2, 2026
Record Date: February 13, 2026
Payment Date: February 27, 2026
Amount (C$ per common share): $0.00125
Designated: Non-Eligible1
Declaration Date: March 4, 2026
Record Date: March 16, 2026
Payment Date: March 31, 2026
Amount (C$ per common share): $0.00125
Designated: Non-Eligible1
1 Please consult a tax advisor with any questions regarding the dividend designation between eligible and non-eligible dividends.
Declaration Date: January 3, 2025
Record Date: January 15, 2025
Payment Date: January 31, 2025
Amount (C$ per common share): $0.005
Designated: Non-Eligible1
Declaration Date: February 5, 2025
Record Date: February 14, 2025
Payment Date: February 28, 2025
Amount (C$ per common share): $0.005
Designated: Non-Eligible1
Declaration Date: March 5, 2025
Record Date: March 14, 2025
Payment Date: March 31, 2025
Amount (C$ per common share): $0.005
Designated: Non-Eligible1
Declaration Date: April 2, 2025
Record Date: April 15, 2025
Payment Date: April 30, 2025
Amount (C$ per common share): $0.00125
Designated: Non-Eligible1
Declaration Date: May 5, 2025
Record Date: May 15, 2025
Payment Date: May 30, 2025
Amount (C$ per common share): $0.00125
Designated: Non-Eligible1
Declaration Date: June 2, 2025
Record Date: June 16, 2025
Payment Date: June 30, 2025
Amount (C$ per common share): $0.00125
Designated: Non-Eligible1
Declaration Date: July 3, 2025
Record Date: July 15, 2025
Payment Date: July 31, 2025
Amount (C$ per common share): $0.00125
Designated: Non-Eligible1
Declaration Date: August 1, 2025
Record Date: August 15, 2025
Payment Date: August 29, 2025
Amount (C$ per common share): $0.00125
Designated: Non-Eligible1
Declaration Date: September 2, 2025
Record Date: September 15, 2025
Payment Date: September 29, 2025
Amount (C$ per common share): $0.00125
Designated: Non-Eligible1
Declaration Date: October 3, 2025
Record Date: October 15, 2025
Payment Date: October 31, 2025
Amount (C$ per common share): $0.00125
Designated: Non-Eligible1
Declaration Date: November 5, 2025
Record Date: November 14, 2025
Payment Date: November 28, 2025
Amount (C$ per common share): $0.00125
Designated: Non-Eligible1
Declaration Date: December 2, 2025
Record Date: December 15, 2025
Payment Date: December 31, 2025
Amount (C$ per common share): $0.00125
Designated: Non-Eligible1
1 Please consult a tax advisor with any questions regarding the dividend designation between eligible and non-eligible dividends.
Declaration Date: January 2, 2024
Record Date: January 15, 2024
Payment Date: January 31, 2024
Amount (C$ per common share): $0.01083
Designated: Eligible1
Declaration Date: February 1, 2024
Record Date: February 15, 2024
Payment Date: February 29, 2024
Amount (C$ per common share): $0.01083
Designated: Eligible1
Declaration Date: March 4, 2024
Record Date: March 15, 2024
Payment Date: March 28, 2024
Amount (C$ per common share): $0.005
Designated: Eligible1
Declaration Date: April 1, 2024
Record Date: April 15, 2024
Payment Date: April 30, 2024
Amount (C$ per common share): $0.005
Designated: Eligible1
Declaration Date: May 1, 2024
Record Date: May 15, 2024
Payment Date: May 31, 2024
Amount (C$ per common share): $0.005
Designated: Non-Eligible1
Declaration Date: June 3, 2024
Record Date: June 14, 2024
Payment Date: June 28, 2024
Amount (C$ per common share): $0.005
Designated: Non-Eligible1
Declaration Date: July 3, 2024
Record Date: July 15, 2024
Payment Date: July 31, 2024
Amount (C$ per common share): $0.005
Designated: Non-Eligible1
Declaration Date: August 2, 2024
Record Date: August 15, 2024
Payment Date: August 30, 2024
Amount (C$ per common share): $0.005
Designated: Non-Eligible1
Declaration Date: September 4, 2024
Record Date: September 16, 2024
Payment Date: September 27, 2024
Amount (C$ per common share): $0.005
Designated: Non-Eligible1
Declaration Date: October 2, 2024
Record Date: October 15, 2024
Payment Date: October 31, 2024
Amount (C$ per common share): $0.005
Designated: Non-Eligible1
Declaration Date: November 4, 2024
Record Date: November 15, 2024
Payment Date: November 29, 2024
Amount (C$ per common share): $0.005
Designated: Non-Eligible1
Declaration Date: December 3, 2024
Record Date: December 16, 2024
Payment Date: December 31, 2024
Amount (C$ per common share): $0.005
Designated: Non-Eligible1
1 Please consult a tax advisor with any questions regarding the dividend designation between eligible and non-eligible dividends.
Declaration Date: January 5, 2023
Record Date: January 16, 2023
Payment Date: January 31, 2023
Amount (C$ per common share): $0.01083
Declaration Date: February 1, 2023
Record Date: February 15, 2023
Payment Date: February 28, 2023
Amount (C$ per common share): $0.01083
Declaration Date: March 2, 2023
Record Date: March 15, 2023
Payment Date: March 31, 2023
Amount (C$ per common share): $0.01083
Declaration Date: April 3, 2023
Record Date: April 14, 2023
Payment Date: April 28, 2023
Amount (C$ per common share): $0.01083
Declaration Date: May 2, 2023
Record Date: May 15, 2023
Payment Date: May 31, 2023
Amount (C$ per common share): $0.01083
Declaration Date: June 1, 2023
Record Date: June 15, 2023
Payment Date: June 30, 2023
Amount (C$ per common share): $0.01083
Declaration Date: July 5, 2023
Record Date: July 14, 2023
Payment Date: July 31, 2023
Amount (C$ per common share): $0.01083
Declaration Date: August 1, 2023
Record Date: August 15, 2023
Payment Date: August 31, 2023
Amount (C$ per common share): $0.01083
Declaration Date: September 5, 2023
Record Date: September 15, 2023
Payment Date: September 29, 2023
Amount (C$ per common share): $0.01083
Declaration Date: October 2, 2023
Record Date: October 16, 2023
Payment Date: October 31, 2023
Amount (C$ per common share): $0.01083
Declaration Date: October 31, 2023
Record Date: November 15, 2023
Payment Date: November 30, 2023
Amount (C$ per common share): $0.01083
Declaration Date: December 1, 2023
Record Date: December 15, 2023
Payment Date: December 29, 2023
Amount (C$ per common share): $0.01083
Declaration Date: May 4, 2022
Record Date: June 15, 2022
Payment Date: June 30, 2022
Amount (C$ per common share): $0.0083
Declaration Date: July 4, 2022
Record Date: July 15, 2022
Payment Date: July 29, 2022
Amount (C$ per common share): $0.0083
Declaration Date: August 3, 2022
Record Date: August 15, 2022
Payment Date: August 31, 2022
Amount (C$ per common share): $0.01
Declaration Date: September 6, 2022
Record Date: September 15, 2022
Payment Date: September 30, 2022
Amount (C$ per common share): $0.01
Declaration Date: October 4, 2022
Record Date: October 14, 2022
Payment Date: October 31, 2022
Amount (C$ per common share): $0.01
Declaration Date: November 2, 2022
Record Date: November 15, 2022
Payment Date: November 30, 2022
Amount (C$ per common share): $0.01
Declaration Date: December 1, 2022
Record Date: December 15, 2022
Payment Date: December 30, 2022
Amount (C$ per common share): $0.01083
May 5, 2026 - Q1/26 Earnings (After Market)
May 6, 2026 - Q1 Results Webcast (9:00am MT / 11:00am ET)
May 29, 2026 - Annual General Meeting

Nov 1, 2022 - Dec 31, 2022
Nov 1, 2022 - Mar 31, 2023
Nov 1, 2022 - Oct 31, 2023
Apr 1, 2023 - Oct 31, 2023
Nov 1, 2022 - Mar 31, 2023
Nov 1, 2022 - Mar 31, 2023
Apr 1, 2023 - Oct 31, 2023

Nov 1, 2022 - Dec 31, 2022
Jan 1, 2023 - Mar 31, 2023
Cannacord Genuity
Desjardin Capital Markets
Haywood Securities Inc.
Peters & Co.
Schacter Energy Research
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