NuVista Energy Ltd. Announces Strong First Quarter 2024 Financial and Operating Results

CALGARY, Alberta, May 07, 2024 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. ("NuVista" or the "Company") (TSX: NVA) is pleased to announce strong financial and operating results for the three months ended March 31, 2024, and to provide an update on several key strategic initiatives. The quality and composition of our asset base has allowed us to continue to deliver strong returns despite commodity prices, particularly natural gas, declining temporarily in the first quarter. The first quarter had a higher phasing of capital spending as is normal for the busy winter drilling and construction season, as we made significant investments in new high-return wells and infrastructure projects to support our production growth. We continued to return capital to shareholders under our existing Normal Course Issuer Bid ("NCIB") and we also successfully amended and renewed our three year covenant-based credit facility.

Read more at globenewswire.com