Crew Energy’s Robust Q2 Results and Debt Reduction

Crew Energy (TSE:CR) has released an update.

Crew Energy Inc. reported a significant uptick in Q2 2024 with a 67% increase in condensate production contributing to a robust 55% Adjusted Funds Flow (AFF) margin. The company’s financial health appears strong, with a 16% reduction in net debt and a free AFF of $25.6 million, mainly used to reduce debt and improve long-term sustainability. These results underline Crew Energy’s strategic advancements and operational efficiency in the Montney play.

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