Headwater Exploration Inc. reported financial and operational results for the three months ending March 31, 2025. Total sales reached $163,188,000, a 28% increase from the previous year, with adjusted funds flow from operations at $92,359,000, a 21% rise. Net income for the period was $50,004,000, up by 33%. Capital expenditures were $62,847,000. Average daily production saw increases in heavy crude oil (11%), natural gas (26%), and natural gas liquids (63%). Netbacks were $54.54/boe, a 16% increase from the previous year. The company declared dividends of $26,155,000 and its shareholders' equity rose to $723,431,000. Additional details can be found on Benzinga.com.