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Advantage Oil & Gas Ltd.

Company price
11.1 CAD -0.44 ( 3.81%)
Last update at 2026-11-04T20:29:00Z
VOLUME
934575
Market Cap
1605.57M
P/E
30.87

Momentum Score

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Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Advantage Energy Ltd. was formerly known as Advantage Oil & Gas Ltd. and changed its name to Advantage Energy Ltd. in May 2021. The company was founded in 2001 and is headquartered in Calgary, Canada.

Source: TradingView
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Day Price Range
11.05
Low
11.56
High
52 Week Price Range
9.19
Low
13.20
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Advantage Oil & Gas Ltd is a Canadian upstream company developing liquids-rich natural gas in the Montney formation of western Canada. Growth may come from converting inventory to production, boosting liquids yields and cost efficiency, and expanding takeaway capacity to support realized prices and free cash flow.

Principal risks are commodity price volatility for gas and condensates, infrastructure or market access constraints that can lower realizations, execution risk on drilling and development, and regulatory or environmental policy changes that could raise costs.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
11.54
Dividend Yield
-
Revenue TTM
645.83M
Revenue Per Share
3.87
Gross Profit TTM
375.46M
Debt / Equity
0.52
ROE
3.07%
Net Debt
862.63M
ROCE
3.59%
Diluted EPS TTM
0.31

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 75.72M 32.92M 135.91M 442.90M 532.45M
Minority interest 2.05M 1.61M 1.32M 0.91M 0.17M
Net income 53.05M 21.72M 101.60M 338.67M 411.52M
Selling general administrative 48.56M 36.98M 24.64M 117.90M 94.35M
Selling and marketing expenses - - 6.55M - -
Gross profit 145.96M 298.14M 330.99M 719.44M 357.72M
Reconciled depreciation 228.04M 199.49M 148.90M 133.92M 106.79M
Ebit 96.45M 82.38M 166.00M 536.68M 217.45M
Ebitda 325.95M 283.19M 316.34M 670.59M 324.24M
Depreciation and amortization 229.50M 200.81M 150.34M 133.92M 106.79M
Operating income 96.45M 34.28M 299.81M 536.68M 217.45M
Other operating expenses 549.38M 515.82M 209.61M 427.10M 273.65M
Interest expense 60.64M 51.48M 30.09M 19.84M 20.08M
Tax provision 24.71M 12.80M 35.63M 105.14M 121.09M
Interest income 1.29M 14.10M 1.45M 87.18M 16.92M
Net interest income -57.06M -50.40M -28.65M -20.43M -21.02M
Income tax expense 24.71M 12.80M 35.63M 105.14M 121.09M
Total revenue 645.83M 550.10M 509.42M 964.37M 492.04M
Total operating expenses 49.51M 263.86M 31.18M 182.17M 139.33M
Cost of revenue 499.88M 251.96M 178.43M 244.93M 134.32M
Total other income expense net -20.74M -1.36M -163.90M -93.78M 314.99M
Net income from continuing ops 51.00M 20.11M 100.27M 337.76M 411.35M
Net income applicable to common shares - 21.72M 101.60M 338.67M 411.52M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 3071.01M 2945.96M 2299.03M 2216.96M 1994.99M
Intangible assets 22.78M - 5.36M 4.01M 2.99M
Other current assets 45.85M - 47.82M 36.97M 3.77M
Total liab 1382.61M 1311.81M 742.63M 652.28M 534.87M
Total stockholder equity 1691.96M 1635.66M 1556.30M 1563.25M 1457.79M
Other current liab 11.18M 28.88M 20.50M 107.80M 95.39M
Common stock 1987.66M - 1952.24M 2105.01M 2370.72M
Capital stock 1987.66M 1989.24M 1952.24M 2105.01M 2370.72M
Retained earnings -508.21M -561.26M -582.98M -684.58M -1023.24M
Other liab - - - 259.42M 180.54M
Other assets - - - 93.99M 57.70M
Cash 17.73M 20.15M 19.26M 48.94M 25.24M
Cash and equivalents - - - 48.94M 25.24M
Total current liabilities 383.22M 250.51M 96.44M 107.80M 95.39M
Current deferred revenue 0.66M - - - -
Net debt 862.63M 677.89M 334.72M 143.96M 142.11M
Short term debt 262.13M - 5.33M 0.00M 0.00M
Short long term debt 255.05M 105.03M - - -
Short long term debt total 880.36M - 353.98M 192.90M 167.34M
Other stockholder equity 199.64M - 187.03M 142.82M 110.31M
Property plant equipment - - - 1940.23M 1850.53M
Total current assets 148.56M 163.69M 120.46M 178.73M 83.77M
Net tangible assets - - - 1559.24M 1454.80M
Net receivables 84.97M 79.56M 53.38M 92.82M 54.77M
Long term debt 539.58M 593.01M 259.12M 192.90M 167.34M
Accounts payable 109.25M - 70.61M 78.28M 76.62M
Accumulated other comprehensive income 12.86M - 0.00M - -
Non currrent assets other 2.55M 3.54M 3.96M 93.99M 57.70M
Non current assets total 2922.46M 2782.27M 2178.57M 2038.23M 1911.22M
Long term debt total - - - 194.62M 169.15M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -697.73M -282.76M -269.58M -117.78M
Change to liabilities - - - 0.00M 0.00M
Total cashflows from investing activities -421.96M -697.73M -282.76M -269.58M -117.78M
Net borrowings 74.04M - - 30.66M -80.03M
Total cash from financing activities 62.06M 481.08M -70.26M -209.09M -83.41M
Change to operating activities - - - -12.20M -10.64M
Net income 53.05M 32.92M 101.60M 442.90M 532.45M
Change in cash -2.41M 0.89M -29.68M 23.70M 21.96M
Begin period cash flow 20.15M 19.26M 48.94M 25.24M 3.28M
End period cash flow 17.73M 20.15M 19.26M 48.94M 25.24M
Total cash from operating activities 357.49M 217.53M 323.35M 502.38M 223.15M
Issuance of capital stock 0.00M 62.10M 0.00M - -
Depreciation 229.50M 199.49M 150.34M 133.92M 106.79M
Other cashflows from investing activities -3.07M -394.67M 0.04M -27.80M 20.06M
Change to inventory 0.04M 0.62M -4.84M -11.13M -
Change to account receivables - - 39.44M -38.05M -
Sale purchase of stock -6.72M 40.37M -117.34M -240.97M 0.00M
Other cashflows from financing activities -1.08M - -1.81M 1.22M -3.38M
Change to netincome - - - 40.57M -285.63M
Capital expenditures 390.79M 303.06M 273.62M 241.79M 137.84M
Change in working capital -6.70M -20.80M 13.82M -12.20M -10.64M
Stock based compensation 8.21M 3.89M 6.55M 5.52M 4.05M
Other non cash items 81.64M 6.35M 51.04M -67.77M 0.16M
Free cash flow -33.30M -85.53M 49.73M 260.59M 85.31M

Peer Comparison*

Sector: Energy Industry: Oil & Gas E&P

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
AAV
Advantage Oil & Gas Ltd.
-0.44
3.81%
11.10 30.87 8.12 2.49 0.95 3.37 6.61
CNQ
Canadian Natural Resources Ltd
-5.28
7.04%
69.69 11.45 12.38 3.26 2.78 3.15 6.36
OXY
Occidental Petroleum CDR (CAD Hedged)
-1.25
4.99%
23.78 42.29 13.11 2.65 2.04 3.96 7.33
TOU
Tourmaline Oil Corp.
-3.17
4.78%
63.11 87.74 15.80 5.03 1.50 3.97 7.33
OVV
Ovintiv Inc
-4.95
5.32%
88.02 11.06 7.80 2.46 1.34 2.39 6.40

Profile*

Advantage Oil & Gas Ltd.

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Advantage Energy Ltd. was formerly known as Advantage Oil & Gas Ltd. and changed its name to Advantage Energy Ltd. in May 2021. The company was founded in 2001 and is headquartered in Calgary, Canada.

Millennium Tower, Calgary, AB, Canada, T2P 5E9

403-718-8000

99

Name Title Year Born
Mr. Michael E. Belenkie B.Sc., P. Eng. Pres, CEO & Director NA
Mr. Craig Blackwood Chief Financial Officer 1969
Mr. David Sterna VP of Marketing & Commercial NA
Mr. Neil G. Bokenfohr B.Sc, P.Eng. Sr. VP NA
Mr. Geoff Keyser VP of Corp. Devel. NA
Mr. Anthony B. Coombs Controller NA
Mr. Jay Patrick Reid Corp. Sec. 1964
Mr. Michael E. Belenkie B.Sc., P. Eng. President, CEO & Director 1975
Mr. Geoff Keyser VP of Corporate Development NA
Mr. Neil G. Bokenfohr B.Sc, P.Eng. Senior Vice President NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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