Valeura Energy reports strong 2025 start with high production, despite Q1 revenue drop.

Valeura Energy Inc. reported a strong start to 2025 with an average daily oil production of 23.9 million barrels, a robust cash position of $238.3 million, and no debt. Despite a 35% drop in Q1 oil revenue to $148.1 million due to a planned shutdown at the Nong Yao field, the company maintains its full-year production guidance of 23.0-25.5 million barrels. Valeura also completed a $39.2 million tax payment, finalizing its restructuring.