Whitecap Resources Inc. (WCPRF) Q2 2025 Earnings Call Transcript

Whitecap Resources Inc. (OTCPK:WCPRF) Q2 2025 Earnings Conference Call July 24, 2025 11:00 AM ET

Company Participants

Chris Bullin – Corporate Participant
Grant Bradley Fagerheim – President, CEO & Director
Joey Wong – Corporate Participant
Thanh C. Kang – Senior VP & CFO

Conference Call Participants

Aaron Bilkoski – TD Cowen, Research Division
Dennis Fong – CIBC Capital Markets, Research Division
Michael Spyker – Unidentified Company
Patrick Joseph O’Rourke – ATB Capital Markets Inc., Research Division
Sam Burwell – Unidentified Company
Travis Wood – National Bank Financial, Inc., Research Division

Operator

Good morning. My name is Joanna, and I will be your conference operator today. At this time, I would like to welcome everyone to Whitecap Resources Second Quarter 2025 Results Conference Call.

[Operator Instructions] I would now like to turn the conference over to Whitecap’s President and CEO, Mr. Grant Fagerheim. You may begin your conference call.

Grant Bradley Fagerheim

Thanks, Joanna, and good morning, everyone, and thank you for joining us here today. There are 4 members of our management team here with me today: our Senior Vice President and CFO, Thanh Kang; our Senior Vice President of Production and Operations, Joel Armstrong; our Vice President, Unconventional Division, Joey Wong; and our Vice President, Conventional Division, Chris Bullin.

Before we get started today, I would like to remind everybody that all statements made by the company during this call are subject to the same forward-looking disclaimer and advisory that we set forth in our news release issued yesterday afternoon. To begin, it would be remiss of me to not highlight the most significant development of the quarter, the completion of the Veren business combination on May 12, which has increased our production to approximately 365,000 BOE per day and our enterprise value to over $15 billion.

I’m also