11:18 AM EST - Pipestone Energy Corp. : Provided an update on its operations, including record quarterly production and free cash flow and substantial deleveraging during the fourth quarter. As a result of increased production volumes, the Company generated revenue of $185.4 million which represents a $48.1 million or 35% increase from Q4 2021 revenue of $137.3 million and an $11.0 million or 6% increase from Q3 2022 revenue of $174.4 million; During the fourth quarter, Pipestone generated $99.7 million of adjusted funds flow from operations ($0.36 per fully diluted share), which, after $29.6 million in capital expenditures, resulted in $70.1 million of free cash flow ($0.25 per fully diluted share). Pipestone Energy Corp.
shares T.PIPE are trading up $0.02 at $2.99.
