Welcome to our dedicated page for Kelt Exploration news (Ticker: KELTF), a resource for investors and traders seeking the latest updates and insights on Kelt Exploration stock.
Kelt Exploration Ltd. reports recurring financial and operating updates for an oil and natural gas exploration and production business with activity in Alberta areas including Wembley/Pipestone and the Pouce Coupe/Progress/Spirit River division. Company news commonly covers petroleum and natural gas sales, production volumes and mix, adjusted funds from operations, capital expenditures, drilling and completion plans, net debt, and shareholder equity.
Updates also address infrastructure tied to Kelt's operations, including third-party gas processing at the Albright Gas Plant near Wembley/Pipestone, sour gas handling, sulphur recovery, and related sulphur sales. Governance news includes annual shareholder meeting results, director elections, auditor matters, and other routine approvals.
Kelt (TSX: KELTF) reported Q1 2026: record average production of 48,098 BOE/d (up 20%), petroleum and natural gas sales of $168.1 million, adjusted funds from operations of $84.6 million, and net debt of $215.1 million at March 31, 2026.
The board increased 2026 capital expenditures to $375.0 million, forecasted 2026 AFFO of $400.0 million, and maintained 2026 production guidance of 50,000–52,000 BOE/d.
Kelt Exploration (TSX:KELTF) reported results from its Annual Meeting held April 22, 2026. 146,484,780 common shares were represented, equal to 72.99% of outstanding shares. Shareholders approved fixing the board size at six directors, elected all nominees, and appointed PricewaterhouseCoopers LLP as auditor.
Vote tallies showed strong support: the board-size resolution passed with 99.84% for, director votes ranged from 97.22% to 99.73% for individual nominees, and auditor appointment passed with 99.86% for.
Kelt Exploration (TSX:KELTF) reported Q4 and full-year 2025 results: Q4 production 45,102 BOE/d (+24%), 2025 sales CA$513.1M (+10%), adjusted funds from operations CA$261.5M (+18%), and net income CA$63.1M (+39%).
Net debt was CA$189.7M (0.7x 2025 AFFO). 2026 guidance: CA$355M capex program unchanged, AFFO raised to CA$375M; production guidance 50,000–52,000 BOE/d; PDP reserves 83.5MM BOE.
Kelt Exploration (TSX: KELTF) provided its 2026 financial and operating guidance on January 5, 2026, setting a $355.0 million capital expenditure budget and forecasting $355.0 million of adjusted funds from operations (AFFO) for 2026. Production is guided to 50,000–52,000 BOE/d (38% oil & NGLs, 62% gas), a 26% increase versus 2025 forecast mid-point. Key financials: AFFO +27% to $355.0M, capital spending up to $355.0M (71% drilling/completions), year-end net debt forecast at $170.0M and net debt/AFFO of 0.5x. Commodity-price sensitivities: 10% oil change impacts AFFO by $25.3M; 10% gas change impacts AFFO by $19.4M.
Kelt Exploration (TSX:KELTF) reported Q3 2025 results on November 13, 2025. Q3 production averaged 37,710 BOE/d, up 16% year-over-year, and petroleum and natural gas sales were CA$110.4M. Adjusted funds from operations for Q3 were CA$44.6M (CA$0.22/share diluted). Net capital expenditures in Q3 were CA$89.8M and net debt at September 30 was CA$223.7M.
The company forecasts 2025 average production of 40,000–41,000 BOE/d, adjusted funds from operations of CA$280M, and expects year-end net debt of CA$170M (0.6x AFFO). Q3 realized oil and NGL prices declined YoY while gas prices rose.
Kelt Exploration (TSX: KEL) announced that CSV Midstream Solutions has completed commissioning and started operations at the new Albright gas plant near Wembley/Pipestone, Alberta.
Kelt has begun deliveries and will ramp volumes during start-up. The company said 2025 average production guidance from the low end (previously ~42,000 BOE/d) is expected to be reduced by 3%–5% due to the plant delay and temporary shut-ins. Kelt had shut-in ~60 MMcf/d for ~15 days and has since returned that gas to service as AECO recovered to near $2.45/GJ (Nov 2025) and $3.25/GJ (Dec 2025). Wembley/Pipestone divisional production was ~14,300 BOE/d (55% liquids) for the seven months ended July 31, 2025, and is expected to rise to 23,000–25,000 BOE/d after Albright ramp-up.
Kelt Exploration (TSX:KEL) provided an update regarding delays at the third-party Albright Gas Plant near Wembley/Pipestone, Alberta. The plant, owned by CSV Midstream Solutions, has encountered technical issues with its sulphur recovery system during commissioning, specifically a malfunctioning four-way valve. CSV is currently conducting a root cause analysis, with results expected in early September 2025.
The delay significantly impacts Kelt's production, as the company has contracted 50 MMcf per day of the plant's 150 MMcf per day capacity. Each week of delay reduces Kelt's 2025 daily average production by 175 BOE per day. The company's Wembley/Pipestone division currently produces 14,300 BOE per day and is expected to increase to 23,000-24,000 BOE per day once Albright becomes operational.
Kelt Exploration (TSX:KEL) reported strong Q2 2025 financial results with significant year-over-year growth. Production averaged 38,734 BOE per day, up 26% from Q2 2024, with a 36% oil and NGLs weighting. The company achieved petroleum and natural gas sales of $116.4 million and adjusted funds from operations of $61.8 million ($0.31 per share).
Net income reached $32.5 million, a 198% increase year-over-year. The company maintained a strong balance sheet with net debt of $178.2 million, representing 0.5x forecasted 2025 adjusted funds from operations. For 2025, Kelt revised its production guidance to 42,000-45,000 BOE/d due to delays in the Albright Gas Plant startup, while maintaining its adjusted funds from operations forecast at $325 million.
Kelt Exploration (TSX: KEL) held its Annual and Special Meeting of Shareholders on April 23, 2025, with 67.5% of common shares represented. The company announced significant board changes, including the retirement of Michael R. Shea after seven years of service and the election of Ray Kwan as a new director.
Kwan, who brings over 20 years of capital markets and energy industry experience, will serve as chair of the audit committee and member of the reserves committee. The shareholders approved fixing the board size at six directors and elected all nominated directors with strong majority votes exceeding 97%.
Additionally, shareholders approved amendments to the restricted share unit plan and a new performance share unit plan, both receiving over 98% support. PricewaterhouseCoopers LLP was appointed as auditor with 99.2% approval.