Whitecap Resources reported strong third-quarter 2026 results, with net income rising nearly 60% to C$326.4 million and revenue increasing 45% to C$2.41 billion due to high crude oil prices. Following these results, the company raised its 2026 production guidance and increased its monthly dividend while announcing its 2027 capital budget. Additionally, Whitecap expects a proposed Canadian federal tax incentive to generate an additional C$400 million in free cash flow next year.
The company raised its 2026 production outlook for the third time and announced a distribution increase; its shares fell in after-hours trading after per-share earnings missed expectations.
Read the full storyThe company reported strong Q3 2026 results, increased its monthly payout to shareholders, and boosted its full-year production outlook while detailing 2027 capital plans.