Bullboard - Stock Discussion Forum Headwater Exploration Inc CDDRF

Primary Symbol: T.HWX

Energy Oil & Gas E&P

Headwater Exploration Inc. is a Canadian resource company engaged in the exploration for and development and production of petroleum and natural gas in Canada. The Company has heavy oil production and reserves in the Clearwater/Falher formations in the Marten Hills, Greater Nipisi and Greater Peavine areas of Alberta and natural gas production and reserves in the McCully field near Sussex, New... see more

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Headwater Exploration Inc > Another View of Earnings

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Post by retiredcf on May 20, 2024 1:29pm

Another View of Earnings

EPS was 16c, missing estimates of 19c; revenue of $127M missed estimates of $128M. EBITDA of $93.4M beat estimates by 15.5%. EPS rose from 13c in the prior year. Revenue rose 35% but per share cash flow slipped 8% to 23c. Production rose 15% to 19,459 b/d. Six exploration wells hit a 100% success rate. The balance sheet remains very strong. While technically a 'miss', the stock remains very cheap and is doing well, up 22% this year. The nice dividend looks secure considering the company's $146M net cash position and strong cash flow. (5iResearch)

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