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Headwater Exploration Inc

Energy CA HWX

6.18CAD
-(-%)

Last update at 2025-05-12T20:00:00Z

Day Range

6.146.33
LowHigh

52 Week Range

5.718.32
LowHigh

Fundamentals

  • Previous Close 6.18
  • Market Cap1732.58M
  • Volume1131698
  • P/E Ratio9.47
  • Dividend Yield6.04%
  • EBITDA360.66M
  • Revenue TTM490.27M
  • Revenue Per Share TTM2.08
  • Gross Profit TTM 370.02M
  • Diluted EPS TTM0.77

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Income before tax 202.97M 211.68M 50.89M -0.57000M 3.57M
Minority interest - - - - -
Net income 156.07M 162.11M 45.83M 6.71M 2.81M
Selling general administrative 14.91M 58.96M 38.48M 5.43M 3.34M
Selling and marketing expenses - - - - -
Gross profit 193.33M 266.00M 108.10M 0.05M 1.73M
Reconciled depreciation 120.20M 79.41M 44.39M 5.89M 4.76M
Ebit 178.42M 210.17M 69.60M -8.35300M -0.90000M
Ebitda 299.80M 290.29M 114.33M -2.30900M 4.08M
Depreciation and amortization 121.38M 80.12M 44.73M 6.04M 4.98M
Non operating income net other - - - - -
Operating income 178.42M 210.88M 69.94M -8.20400M -0.68100M
Other operating expenses 247.13M 251.34M 121.67M 18.85M 11.16M
Interest expense 0.54M 0.89M 0.04M 0.01M 0.01M
Tax provision 46.90M 49.57M 5.06M -7.27700M 0.75M
Interest income 6.52M 3.23M 0.20M 1.26M 1.05M
Net interest income 4.80M 2.96M 0.63M 1.13M 1.13M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 46.90M 49.57M 5.06M -7.27700M 0.75M
Total revenue 425.55M 458.38M 190.94M 9.50M 9.33M
Total operating expenses 14.91M 58.96M 38.83M 9.40M 3.56M
Cost of revenue 232.21M 192.38M 82.84M 9.45M 7.60M
Total other income expense net 24.55M 0.79M -19.04600M 7.63M 4.25M
Discontinued operations - - - - -
Net income from continuing ops 156.07M 162.11M 45.83M 6.71M 2.81M
Net income applicable to common shares - 162.11M 45.83M 6.71M 2.81M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 836.34M 734.74M 488.81M 300.69M 128.27M
Intangible assets - - - - 0.00000M
Earning assets - - - - -
Other current assets 1.46M 1.34M 1.61M 2.27M 2.16M
Total liab 225.84M 191.41M 91.02M 31.66M 13.96M
Total stockholder equity 610.50M 543.34M 397.79M 269.03M 114.31M
Deferred long term liab - - - - -
Other current liab 2.51M 40.13M 57.09M 14.50M 1.70M
Common stock 483.01M 479.16M 469.52M 387.39M 247.33M
Capital stock 483.01M 479.16M 469.52M 387.39M 247.33M
Retained earnings 108.52M 46.86M -91.85300M -137.68100M -144.38800M
Other liab - 79.01M 32.38M 16.72M 11.98M
Good will - - - - -
Other assets - 1.44M 0.34M 0.34M 3.64M
Cash 146.40M 175.45M 114.70M 76.77M 60.96M
Cash and equivalents - - 114.70M - -
Total current liabilities 122.31M 112.16M 57.95M 14.64M 1.79M
Current deferred revenue 46.05M - - - -
Net debt -134.15500M -174.58600M -113.15300M -76.33600M -60.67200M
Short term debt 0.03M 0.63M 0.85M 0.14M 0.09M
Short long term debt - - - - -
Short long term debt total 12.25M 0.86M 1.55M 0.44M 0.28M
Other stockholder equity 18.97M 17.31M 20.12M 19.32M 11.37M
Property plant equipment - 511.71M 340.75M 215.18M 58.22M
Total current assets 200.92M 221.59M 147.72M 85.17M 66.41M
Long term investments - - - - -
Net tangible assets - 543.34M 397.79M 269.03M 114.31M
Short term investments - - - 15.00M 16.63M
Net receivables 52.27M 43.56M 31.37M 5.55M 4.49M
Long term debt - - - - -
Inventory 0.79M 1.24M 0.81M 0.57M 0.00000M
Accounts payable 73.72M 71.40M 52.97M 4.11M 1.38M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 0.00000M - - -264.01100M -273.15800M
Additional paid in capital - - - - -
Common stock total equity - - - 387.39M 247.33M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 19.04M 1.44M 0.34M 0.34M 0.35M
Deferred long term asset charges - - - - -
Non current assets total 635.41M 513.15M 341.09M 215.52M 61.86M
Capital lease obligations 0.84M 0.86M 1.55M 0.44M 0.28M
Long term debt total - - 0.69M 0.30M 0.20M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -232.05600M -109.12700M -34.40400M -0.87700M -4.49700M
Change to liabilities 3.56M 19.08M 1.28M -0.02600M 0.20M
Total cashflows from investing activities -232.05600M -109.12700M -34.40400M -0.87700M -2.74200M
Net borrowings 7.03M -0.34000M -0.11000M -0.14800M -0.14800M
Total cash from financing activities 8.88M 35.40M 49.99M -0.67900M 0.10M
Change to operating activities -0.50400M -0.04100M -0.24100M -0.01200M -0.08000M
Net income 162.11M 45.83M 6.71M 2.81M -0.31400M
Change in cash 60.74M 37.93M 15.81M 7.30M 7.47M
Begin period cash flow 114.70M 76.77M 60.96M 53.65M 46.18M
End period cash flow 175.45M 114.70M 76.77M 60.96M 53.65M
Total cash from operating activities 283.93M 111.66M 0.23M 8.86M 11.87M
Issuance of capital stock - - 47.96M - -
Depreciation 79.41M 44.39M -7.72500M 4.11M 4.87M
Other cashflows from investing activities 16.87M 31.26M 0.65M -0.28900M -0.48900M
Dividends paid - - - - -
Change to inventory -0.58400M -0.17300M -0.26900M -0.26900M -0.26900M
Change to account receivables -12.66200M -25.12600M -1.98800M 0.69M -0.23900M
Sale purchase of stock 1.84M 35.74M 50.10M -0.54900M 0.10M
Other cashflows from financing activities 9.79M 35.74M 2.13M 0.02M 0.10M
Change to netincome 52.60M 43.65M -0.08600M 0.58M -5.62000M
Capital expenditures 248.92M 140.39M 35.06M 0.69M 2.25M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -10.19500M -6.26000M -1.22200M 0.66M -0.11700M
Stock based compensation 4.08M 2.73M 1.48M 0.34M 0.35M
Other non cash items -1.04700M 19.91M 0.55M 4.30M 13.56M
Free cash flow 35.00M -28.73300M -34.82800M 8.18M 9.62M

Peer Comparison

Sector: Energy Industry: Oil & Gas E&P

Company 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)
HWX
Headwater Exploration Inc		 - -% 6.18 9.47 9.99 3.53 2.53 2.68 4.34
CNQ
Canadian Natural Resources Ltd		 1.43 3.36% 43.96 13.55 12.48 2.82 2.52 2.67 6.50
TOU
Tourmaline Oil Corp.		 1.14 1.82% 63.69 14.42 10.96 5.30 1.64 4.12 6.49
OVV
Ovintiv Inc		 - -% 53.29 5.72 10.39 1.64 1.06 1.78 3.44
ARX
ARC Resources Ltd.		 0.43 1.58% 27.62 11.94 9.67 2.92 1.91 3.07 5.55

Reports Covered

Stock Research & News

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Profile

Headwater Exploration Inc. engages in the exploration, development, and production of petroleum and natural gas in Canada. It holds interest in the Marten Hills area located in Alberta, and McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc. and changed its name to Headwater Exploration Inc. in March 2020. Headwater Exploration Inc. incorporated in 1996 and is headquartered in Calgary, Canada.

Headwater Exploration Inc

215 9th Avenue SW, Calgary, AB, Canada, T2P 1K3

Key Executives

Name Title Year Born
Mr. Neil Jack Roszell P.Eng. Chairman & CEO 1968
Mr. Jason Jowill Jaskela P.Eng. Pres, COO & Director 1978
Ms. Alexandra Horvath C.A., CPA VP of Fin. & CFO NA
Mr. Jonathan L. Grimwood P.Geo. Vice-Pres of Exploration 1971
Mr. Terry Ryan Danku VP of Engineering NA
Mr. Edward Brown LLB Corp. Sec. NA
Mr. Scott Earl Rideout Vice-Pres of Land 1980
Andrea Anita Creemer Exploitation Engineer NA
Mr. Tom Banks Sr. Engineering Consultant NA
Mr. Neil Jack Roszell P.Eng. Executive Chairman 1968

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