Whitecap Resources at EnerCom Denver: debt cuts, steady growth

Whitecap Resources (WCP) showcased steady growth and financial discipline at the EnerCom Denver – The Energy Investment Conference, despite acknowledging the dependence on commodity prices and currency fluctuations. The Canadian oil and gas producer highlighted recent acquisitions and cost savings, which have strengthened the business and led to a plan to pay down debt before pursuing capital returns.

Whitecap holds an investment-grade balance sheet, rated BBB flat by DBRS Morningstar, with debt equal to about 0.5 times cash flow. For 2026, the company maintained production guidance at 384,000 to 386,000 BOEs a day, with a base case assuming $75 WTI crude and CAD 2 AECO gas per gigajoule, resulting in about CAD 4.3 billion in cash flow and CAD 2.2 billion in free cash flow.

Whitecap's shares have delivered an 87.5% total return over the past year and are up 58.6% year-to-date, trading near their 52-week high.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.