Calgary's Highwood Asset Management Reports Solid Q3, Advances Operational Innovation
Q3 Performance Highlights
Calgary-based Highwood Asset Management Ltd. (TSXV: HAM) announced its financial and operating results for the three and nine months ended September 30, 2025, on November 14, 2025. The company reported an average corporate production of 5,253 boe/d for the third quarter. Financially, Highwood delivered Adjusted EBITDA of $13.6 million ($0.89 per share) and adjusted funds flow of $11.9 million ($0.79 per share). The unaudited financial statements and Management’s Discussion and Analysis are readily available on Highwood’s website (www.highwoodmgmt.com) and SEDAR+ (www.sedarplus.ca) for public review.
Operational Efficiency and Strategic Growth
Highwood is demonstrating a keen focus on operational efficiency, notably deploying an innovative jet pump completion method in a Brazeau Basal sand well. This technique significantly expedited the well cleanup, reducing it by approximately six weeks compared to previous wells in the area. This commitment to efficiency aligns well with broader provincial initiatives aimed at enhancing the competitiveness and environmental performance of Alberta's energy sector. The company also reiterated its updated 2025 annual guidance of approximately 5,200-5,400 boe/d, with roughly 70% comprising oil and liquids.
Supporting Alberta’s Energy Future
Highwood’s performance and operational advancements resonate within Alberta’s dynamic energy landscape. The province recently committed nearly $30 million from its Technology Innovation and Emissions Reduction (TIER) fund to curb methane emissions, underscoring a strategy to foster "more responsibly produced energy." Such policy support encourages companies like Highwood to invest in techniques that improve their operational footprint. As of September 30, 2025, Highwood boasted approximately $325 million in tax pools, including about $100 million in non-capital losses, positioning it for long-term fiscal stability without anticipating being cash taxable for two to three years.
Economic Contribution in Canada's Energy Epicentre
The stability and growth of Calgary-headquartered energy firms like Highwood remain vital for the city’s economy. The Alberta Energy Regulator’s 2025 outlook highlighted robust capital expenditure in the sector, contributing significantly to Calgary’s GDP, downtown office market, and employment. Highwood’s continued focus on reducing leverage and growing Free Cash Flow per share, while also assessing strategic M&A opportunities, underscores the sector's evolving and forward-looking approach in Canada's energy epicentre.
