The Canadian energy firm reported adjusted funds flow of $12.7 million, or $0.13 per share, for the quarter.
Hemisphere Energy Corporation reported first-quarter revenue of $25.4 million, with operating and transportation costs at $14.76 per barrel of oil equivalent (boe). The company delivered an operating netback of $16.7 million, or $48.60/boe.
Adjusted funds flow from operations reached $12.7 million, equating to $0.13 per share. The results reflect operational performance amid prevailing market conditions.
No immediate market reaction was disclosed in the release.