Welcome to our dedicated page for Tenaz Energy news (Ticker: ATUUF), a resource for investors and traders seeking the latest updates and insights on Tenaz Energy stock.
Tenaz Energy Corp. reports financial and operating developments for an oil and gas business focused on property performance, development activity and strategic acquisitions. Company updates commonly cover production and cash flow from acquired assets, reserve reporting, commodity-market conditions, and project interests such as the Gateway to the Ems project in the Dutch and German sectors of the North Sea.
Recurring corporate news also includes capital-structure actions, senior unsecured notes, credit facilities, normal course issuer bids, warrant and option exercises, and governance matters tied to director and officer share ownership.
Tenaz Energy (OTC: ATUUF) reported results of its May 27, 2026 annual shareholder meeting. Holders of 10,552,909 shares, about 32.7% of outstanding shares, were represented in person or by proxy.
Shareholders approved all matters, including fixing six directors and reappointing Deloitte LLP as auditor.
Tenaz Energy (OTC:ATUUF / TSX:TNZ) reported Q1 2026 results on May 7, 2026. Production averaged 16,183 boe/d (up 4% QoQ), driven by Netherlands activity and recent acquisitions. Q1 operating netback was $57.48/boe. FFO was $64.6M; capital spend was $92.0M. Net debt ended at $389.4M and RBL capacity was increased to $250M.
Tenaz Energy Corp (OTC: ATUUF) announced that directors and officers exercised 1.7M warrants and 1.2M stock options, resulting in the issuance of 2.9M common shares and a new basic share count of 32.0M.
Of the issued shares, 875k were sold in a block trade at a 1% discount to market to fund taxes and exercises. Directors and officers retained 70% of the shares, increasing their ownership from 11.0% to 16.3% (or 19.5% fully diluted); they no longer hold any warrants or options. Proceeds will be used for general corporate purposes.
Tenaz Energy Corp (ATUUF) reported Q3 2025 results with material Netherlands and Canadian activity and two acquisitions closed in 2025.
Key metrics: production 11,832 boe/d (Q3), up 48% from Q2; funds flow $40.2M ($1.42/share); operating netback $49.08/boe; net income $24.8M. Net debt improved to $55.0M at Sept 30, 2025. Management increased 2025 production guidance to 9,500–10,000 boe/d (post-acquisitions) and raised D&D CAPEX to $100–$110M.
Corporate moves: closed the GEMS acquisition (purchase US$232M cash + US$12M shares; up to US$60M contingent), completed TEN acquisition earlier in 2025, and added senior notes and a $115M credit facility. McDaniel resource report: TEN contingent 2C 20.2 MMboe (risked 12.9 MMboe) and prospective risked mean 60.7 MMboe with economic NPV figures disclosed.
Tenaz Energy Corp. has reported its 2024 year-end results, highlighting significant operational and financial achievements. Production volumes reached 2,814 boe/d in Q4 2024, up 11% from Q3, and averaged 2,688 boe/d for the full year, marking a 10% increase from 2023.
The company's funds flow from operations (FFO) for Q4 was $8.3 million ($0.30/share), though full-year FFO decreased 15% to $24.5 million. Net loss for 2024 was $7.7 million, compared to net income of $26.5 million in 2023.
Key developments include:
- Execution of agreement to purchase NOBV, with closing targeted for mid-2025
- Completion of $140 million private placement of Senior Unsecured Notes
- Year-end reserves showing increases across categories (PDP +3.5%, 1P +10%, 2P +14%)
- Total shareholder return of 257% in 2024
- 2025 planned capital expenditures of $30-34 million with production guidance of 2,900-3,100 boe/d
Tenaz Energy Corp. (TSX: TNZ) has received TSX approval for a new Normal Course Issuer Bid (NCIB) program, running from February 14, 2025, to February 13, 2026. The company is authorized to purchase up to 2,479,403 shares, representing 9.0% of outstanding shares and 10% of the public float as of February 3, 2025.
The NCIB will be funded through current cash and future free cash flow. Daily purchases are to 15,896 shares, with shares to be purchased on open markets and subsequently cancelled. Tenaz will implement an automatic share purchase plan (ASPP) with a designated broker.
Under debt facility restrictions, share repurchases are to the greater of $5 million or 2.5% of adjusted consolidated net tangible assets. In its previous NCIB (August 2023-2024), Tenaz repurchased 842,200 shares at an average price of $3.84 per share.