VLE, CA9191444020

Valeura Energy stock: Q3 cash flow stays strong as Wassana advances

Published on 11/13/2026 at 17:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Valeura Energy stock traded at 9.35 euros on Lang & Schwarz on Friday. Q3 production beat expectations while the Wassana redevelopment moved toward drilling.

Cash Supports Thai Growth

Third-quarter production exceeded management expectations despite a year-over-year decline.
Wassana redevelopment is moving toward development drilling, while higher diesel costs have lifted operating-cost guidance.
Management expects full-year production to finish above the midpoint of its range.

VLE, CA9191444020, Illustration mit AI erstellt.

Valeura Energy reported stronger third-quarter cash generation on November 11, 2026, as production exceeded management expectations and projects in Thailand moved closer to execution. The company also kept its full-year production and capital-spending ranges unchanged while raising its operating-cost outlook.

According to the Business Insider report carrying the company release, working-interest production before royalties averaged 22,128 barrels per day in the third quarter, producing 2.036 million barrels. Production was above Valeura's expectations, although the quarterly total was lower than a year earlier.

Cash Flow And Costs

Revenue reached US$196.1 million, while adjusted cash flow from operations rose to US$93.6 million. Valeura ended September with US$384.9 million of cash, including restricted cash, and no debt. Higher diesel prices prompted the company to lift adjusted operating-cost guidance to US$225 million to US$235 million, while adjusted capital spending remained guided at US$220 million to US$235 million.

Management continues to expect 2026 production to finish above the midpoint of its 20.0 million to 22.0 million barrel range. The outlook incorporates a planned shutdown of the Wassana field for roughly two months from mid-November as the company advances redevelopment work.

Thailand Projects Move Forward

Valeura completed four additional well slots at Nong Yao in October and mobilised a drilling rig for three wells in the fourth quarter. At Wassana, the new central processing platform was installed ahead of schedule, with hook-up and commissioning under way. Development drilling is planned later in the fourth quarter, with first oil targeted for the beginning of the second quarter of 2027.

The company also reported the Suraphi oil discovery and a final investment decision for the first phase of the Bussabong gas development. Bussabong is expected to begin production around the end of 2028, adding a longer-term growth option to Valeura's Thai portfolio.

Valeura Energy stock traded at 9.35 euros on Lang & Schwarz at 17:02 CET on Friday, November 13, 2026. That compares with 9.05 euros at 16:36 CET on Thursday, November 12, in the latest report reviewed, an increase of 3.31 percent since then.