The Pine Cliff team successfully navigated significant commodity price volatility through the start of 2026. The Q4 2025 momentum in AECO gas prices eased amid LNG Canada start-up delays and warm weather in February, followed by a sudden and sharp return of geopolitical risk premium to crude oil prices with the war in Iran and the closing of the Strait of Hormuz. Despite these challenges, our team delivered strong Q1 results, which were assisted by the Glauconite well drilled in late 2025 and our continued focus on capital discipline to maintain our monthly dividend.
Read Full MessageKey accomplishments in the first quarter of 2026 included:
· Completed one gross (1.0 net) Glauconite well in the Central Alberta Caroline area, which was brought on production in the second half of February;
· Exited the quarter with net debt1 of $50.5 million, down 14% from $58.8 million as of March 31, 2025, and essentially flat to year-end 2025, even with $7.5 million in capital deployed in Q1;
· Generated $9.6 million of adjusted funds flow1 ($0.03 per basic and fully diluted share);
· Averaged production of 20,066 Boe/d2 ; and
· Paid dividends of $1.3 million ($0.004 per basic and fully diluted share).
Declaration Date: January 6, 2026
Record Date: January 15, 2026
Payment Date: January 30, 2026
Amount (C$ 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): $0.00125
Designated: Non-Eligible1
Declaration Date: March 25, 2026
Record Date: April 15, 2026
Payment Date: April 30, 2026
Amount (C$ per common share): $0.00125
Designated: Non-Eligible1
Declaration Date: May 5, 2026
Record Date: May 15, 2026
Payment Date: May 29, 2026
Amount (C$ 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). Link: https://www.gowebcasting.com/14697
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
The page you are about to view is hosted by an external provider. Pine Cliff Energy Ltd. is not responsible for the contents of the page.
ProceedThe page you are about to view is hosted by an external provider. Pine Cliff Energy Ltd. is not responsible for the contents of the page.
Proceed