Nuvista Energy reports Q4 EPS C$0.69 vs. C$0.48 last year

Achieved highest annual average production rate of 68,690 Boe/d, a 31% increase from 2021 and at the top end of our guidance range of 68,000 – 69,000 Boe/d. Annual production consisted of 33% condensate, 9% NGLs, and 58% natural gas, reaching an average of 74,252 Boe/d for the fourth quarter. The company said, "The results of our 2022 program demonstrate the quality and capacity of our asset base to deliver outsized returns and the ability of our team to do so in a disciplined manner, while remaining focused upon safety and sustainability. We enter 2023 financially strong, and in a position to continue our program of returning capital to our shareholders, reducing debt, and delivering on our value-adding growth strategy concurrently."