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Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - CAD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue, net of royalties    
Petroleum and natural gas sales $ 4,208,955 $ 3,382,621
Royalties (880,086) (669,792)
Revenue, net of royalties 3,328,869 2,712,829
Expenses    
Operating 653,949 570,839
Transportation 133,142 89,306
Blending and other 263,943 224,802
General and administrative 81,746 69,789
Transaction costs 1,539 49,045
Exploration and evaluation 779 8,896
Depletion and depreciation 1,385,910 1,047,904
Impairment loss 0 833,662
Share-based compensation 17,872 37,699
Financing and interest 268,374 192,173
Financial derivatives gain (2,101) (24,695)
Foreign exchange loss (gain) 155,895 (10,848)
Loss on dispositions 1,220 141,295
Other income (6,689) (456)
Total expenses 2,955,579 3,229,411
Net income (loss) before income taxes 373,290 (516,582)
Income tax expense (recovery)    
Current income tax expense 21,766 14,403
Deferred income tax expense (recovery) 114,927 (297,629)
Income tax expense (recovery) 136,693 (283,226)
Net income (loss) 236,597 (233,356)
Other comprehensive income (loss)    
Foreign currency translation adjustment 402,344 (65,278)
Comprehensive income (loss) $ 638,941 $ (298,634)
Net income (loss) per common share    
Basic (in cad per share) $ 0.29 $ (0.33)
Diluted (in cad per share) $ 0.29 $ (0.33)
Weighted average common shares    
Basic (in shares) 803,435 704,896
Diluted (in shares) 807,711 704,896