The energy producer posted $41.9 million in net operating income for Q1 2025, down from $0.14 per share in the prior period.
Cavvy Energy reported first-quarter funds from operations of $0.11 per share, missing per-share net operating income of $0.14. The company generated $41.9 million in NOI for Q1 2025, reflecting a decline in per-share metrics.
Production rose 9% year-over-year to 24,655 barrels of oil equivalent per day, with natural gas accounting for 80% of output. Sulphur production increased 1% to 1,089 metric tons per day compared to the same quarter last year.
The release did not include immediate market reaction details.