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Headwater Exploration Inc

Headwater Exploration Inc

HWX · TO · Energy / Oil & Gas E&P

11.98CAD+0.01 (+0.08%)

Price History

Full chart

Market Stats

Previous Close11.97
Open12.32
Day Range11.91 – 12.32
52-Week Range6.54 – 14.58
Volume635.36K
Market Cap3.23B
P/E (TTM)17.44
Forward P/E21.64
EPS0.78
Dividend Yield3.58%
Beta1.04
50-Day Avg13.64
200-Day Avg12.34

About

Headwater Exploration Inc. engages in the exploration, development, and production of petroleum and natural gas resources in Canada. It holds interest in the Marten Hills area located in Alberta; and the 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. The company was incorporated in 1996 and is based in Calgary, Canada.

Company Details

  • SectorEnergy
  • IndustryOil & Gas E&P
  • CEOMr. Jason Jowill Jaskela P.Eng.
  • Employees39
  • Headquarters215 9th Avenue SW, Calgary, AB, Canada, T2P 1K3, Canada
  • Websitehttps://www.headwaterexp.com

Leadership

  • Mr. Neil Jack Roszell P.Eng.Executive Chairman · b. 1968
  • Mr. Jason Jowill Jaskela P.Eng.CEO, President & Director · b. 1978
  • Ms. Alexandra Horvath C.A., CPAChief Financial Officer
  • Mr. Brad ChristmanChief Operating Officer
  • Mr. Terry Ryan Danku P.Eng.Executive Vice President
  • Mr. Dieter Deines P.Geo.Vice President of Exploration
  • Mr. Edward Brown LLBCorporate Secretary
  • Andrea Anita CreemerExploitation Engineer

Financials

Income Statement

Currency: CAD1996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue------88.80K790.34K3.11M4.42M1.69M33.35M81.51M48.99M29.56M23.99M14.79M21.62M23.25M15.88M13.54M7.67M16.94M9.33M9.50M190.94M458.38M425.55M619.80M514.29M
Growth (%)-------+790.01%+293.63%+42.04%-61.69%+1869.70%+144.43%-39.90%-39.66%-18.83%-38.34%+46.12%+7.56%-31.72%-14.71%-43.33%+120.80%-44.92%+1.78%+1910.11%+140.06%-7.16%+45.65%-17.02%
Cost of Revenue-------92.31K261.89K652.00K261.00K7.95M20.09M15.98M11.07M21.63M14.29M12.73M13.50M7.98M7.84M5.56M8.12M7.60M9.45M82.84M192.38M232.21M287.74M269.19M
Gross Profit------88.80K698.03K2.85M3.77M1.43M25.39M61.41M33.01M18.18M2.36M501.00K8.89M9.75M7.90M5.70M2.11M8.83M1.51M49.00K108.10M266.00M193.33M332.06M245.11M
Gross Margin------100.00%88.32%91.58%85.25%84.58%76.15%75.35%67.38%61.51%9.85%3.39%41.10%41.94%49.75%42.09%27.52%52.10%16.19%0.52%56.62%58.03%45.43%53.58%47.66%
Operating Expense------501.80K624.98K1.14M2.25M1.96M18.74M31.88M33.59M26.14M11.77M8.67M6.97M7.24M7.38M1.94M3.26M3.32M3.34M-468.00K38.16M58.96M13.73M91.06M38.41M
Operating Income-170.94K-158.00K-368.00K-420.00K-329.00K1.98M-413.00K73.05K1.71M1.51M-524.00K6.65M29.53M-586.00K-7.96M-9.41M-8.17M1.92M2.51M516.00K3.76M-1.15M5.51M-1.83M517.00K69.94M207.04M179.60M241.00M206.70M
Operating Margin-------465.08%9.24%55.03%34.28%-30.95%19.94%36.23%-1.20%-26.93%-39.22%-55.21%8.88%10.80%3.25%27.77%-15.00%32.50%-19.59%5.44%36.63%45.17%42.20%38.88%40.19%
EBITDA-170.94K-154.00K-354.00K-398.00K-316.00K1.99M-404.00K284.23K2.48M2.70M-45.00K19.29M57.17M27.13M10.72M-89.65M-53.48M38.87M-17.03M-15.66M-12.36M18.00M2.95M8.35M5.49M95.66M291.97M324.89M372.81M330.14M
EBITDA Margin-------454.95%35.96%79.59%61.19%-2.66%57.85%70.14%55.37%36.26%-373.67%-361.45%179.78%-73.22%-98.66%-91.29%234.58%17.40%89.41%57.74%50.10%63.70%76.35%60.15%64.19%
Net Income-154.09K-142.00K-326.00K-316.00K-4.10M-770.00K-2.30M-1.01M786.31K1.12M-268.00K4.05M22.15M1.67M-6.91M-79.58M-47.89M22.45M-17.71M-31.88M-29.29M17.74M-314.00K2.81M6.71M45.83M162.11M156.07M188.03M153.21M
Net Income Margin-------2590.06%-127.41%25.28%25.35%-15.83%12.14%27.18%3.40%-23.38%-331.70%-323.68%103.84%-76.15%-200.80%-216.31%231.16%-1.85%30.16%70.61%24.00%35.37%36.68%30.34%29.79%
Interest Expense000105.00K3.77M4.57M7.28M3.68M468.66K361.00K391.00K442.00K334.00K117.00K352.00K323.00K260.00K240.00K244.00K249.00K328.00K292.00K268.00K15.00K11.00K376.00K889.00K1.72M2.44M1.08M
Interest Expense % of Total Revenue------8195.85%465.62%15.06%8.17%23.10%1.33%0.41%0.24%1.19%1.35%1.76%1.11%1.05%1.57%2.42%3.81%1.58%0.16%0.12%0.20%0.19%0.40%0.39%0.21%

Balance Sheet

Currency: CAD1995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets104.00K1.48M5.28M9.04M8.24M3.85M16.43M17.24M17.36M22.73M66.98M151.62M240.19M321.40M300.61M289.75M204.02M157.98M181.26M166.27M133.07M104.62M124.36M125.30M128.27M300.69M488.81M734.74M836.34M952.64M995.17M
Total Liabilities28.59K32.34K716.90K1.31M422.94K136.75K1.99M4.67M4.93M5.79M8.95M20.15M39.76M49.72M30.59M26.20M8.88M9.18M9.86M12.00M10.25M10.81M12.62M13.60M13.96M31.66M91.02M191.41M225.84M253.18M247.01M
Total Equity75.41K1.45M4.56M7.72M7.81M3.71M14.44M12.57M12.42M16.93M58.03M131.47M200.42M271.68M270.02M263.55M195.14M148.80M171.40M154.27M122.82M93.80M111.74M111.70M114.31M269.03M397.79M543.34M610.50M699.46M748.15M
Cash-----408.42K2.37M4.45M961.97K2.50K27.78M36.97M14.38M34.31M8.48M865.00K6.40M8.01M15.51M19.21M24.06M27.27M46.18M53.65M60.96M76.77M114.70M175.45M146.05M142.69M102.00M
Total Debt--------2.59M2.59M2.59M---300.00K155.00K14.00K-------285.00K436.00K1.55M861.00K842.00K15.64M14.04M
Net Debt------408.42K-2.37M-4.45M1.63M2.59M-25.19M-36.97M-14.38M-34.31M-8.18M-710.00K-6.38M-8.01M-15.51M-19.21M-24.06M-27.27M-46.18M-53.65M-60.67M-76.34M-113.15M-174.59M-145.21M-127.05M-87.96M

Cash Flow

Currency: CAD1995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow28.19K-205.82K336.35K372.77K-1.45M-487.97K-1.12M322.16K342.52K1.47M2.04M529.00K15.38M52.78M32.71M14.18M10.63M5.26M9.68M12.80M7.80M3.58M1.08M11.87M8.86M230.00K111.66M283.93M303.32M316.74M299.14M
Investing Cash Flow--967.19K-2.51M-2.42M-217.20K-1.79M-8.72M-1.63M-7.36M-6.56M-13.11M-34.73M-101.97M-85.24M-58.63M-22.11M-7.86M-3.82M-2.18M-9.23M-2.94M-366.00K17.82M-4.50M-877.00K-34.40M-109.13M-232.06M-243.71M-226.85M-227.88M
Financing Cash Flow75.41K1.53M4.08M3.36M671.90K-5.21K11.80M3.39M3.52M4.13M38.84M28.89M64.00M52.39M85.00K312.00K2.76M177.00K-119.00K--13.00K102.00K-679.00K49.99M35.40M8.88M-89.00M-93.24M-112.29M
Capital Expenditure0029.16K3.64M1.88M1.79M7.69M5.03M21.56K16.24K13.16M29.94M113.15M79.73M38.36M21.87M8.95M201.00K1.07M19.19M399.00K420.00K101.00K2.25M685.00K35.06M140.39M248.92M240.07M222.87M187.12M
Free Cash Flow28.19K-205.82K307.19K-3.26M-3.33M-2.28M-8.81M-4.71M320.95K1.46M-11.11M-29.41M-97.77M-26.95M-5.65M-7.69M1.68M5.06M8.61M-6.39M7.40M3.16M976.00K9.62M8.18M-34.83M-28.73M35.00M63.25M93.87M112.02M
Dividends Paid---------------------------094.16M94.92M102.35M
FCF to OCF100.00%100.00%91.33%-875.25%230.17%467.40%787.74%-1462.78%93.71%98.90%-543.95%-5559.55%-635.68%-51.06%-17.27%-54.28%15.79%96.18%88.91%-49.89%94.88%88.26%90.62%81.01%92.27%-15142.61%-25.73%12.33%20.85%29.64%37.45%
Dividend Paid to FCF---------------------------0.00%148.87%101.12%91.37%

Earnings

Report DateMay 14, 2007Aug 14, 2007Nov 14, 2007Mar 28, 2008May 14, 2008Aug 13, 2008Nov 11, 2008Mar 26, 2009May 14, 2009Aug 12, 2009Nov 11, 2009Mar 29, 2010May 12, 2010Aug 12, 2010Nov 11, 2010Mar 30, 2011Jun 13, 2011Aug 12, 2011Nov 14, 2011Mar 29, 2012May 14, 2012Aug 14, 2012Nov 13, 2012Mar 27, 2013May 9, 2013Aug 12, 2013Nov 12, 2013Mar 25, 2014May 12, 2014Aug 13, 2014Nov 12, 2014Mar 31, 2015May 13, 2015Aug 17, 2015Nov 12, 2015May 13, 2016Aug 11, 2016Nov 14, 2016Mar 30, 2017May 10, 2017Aug 11, 2017Nov 13, 2017Mar 28, 2018May 14, 2018Aug 13, 2018Nov 13, 2018Mar 27, 2019May 13, 2019Aug 13, 2019Nov 12, 2019Mar 25, 2020May 14, 2020Aug 5, 2020Nov 9, 2020Mar 10, 2021May 12, 2021Aug 4, 2021Nov 10, 2021Mar 10, 2022May 12, 2022Aug 4, 2022Nov 3, 2022Mar 9, 2023May 11, 2023Aug 3, 2023Nov 8, 2023Mar 7, 2024May 9, 2024Jul 25, 2024Nov 7, 2024Mar 13, 2025May 1, 2025Jul 23, 2025Oct 29, 2025Mar 5, 2026Apr 30, 2026Jul 22, 2026Oct 29, 2026
EPS Estimate----0.030.090.030.06--0.03---0.01-0.03-0.03-0.04-0.03-0.04-0.03-0.03-0.04-0.03-0.03-0.010.01-0.02-0.010.010.03--0.020.030.03-----------------0.010.020.00--0.010.020.040.060.100.180.190.250.710.130.140.210.180.220.340.350.350.220.170.160.160.140.220.16
EPS Actual-0.01-0.010.010.060.070.050.040.100.080.00-0.04-0.02-0.01-0.02-0.03-0.04-0.02-0.04-0.03-0.81-0.02-0.03-0.02-0.010.030.00-0.010.010.05-0.01-0.02-0.310.04-0.01-0.010.01-0.47-0.010.140.02-0.020.040.150.06-0.11-0.020.070.03-0.00-0.010.02-0.02-0.01-0.010.160.030.050.120.130.180.210.130.170.130.130.210.190.160.220.200.210.210.160.150.120.150.36-
Surprise----133.33%-44.44%33.33%66.67%-104.33%--0.00%33.33%0.00%0.00%33.33%0.00%0.00%-2600.00%50.00%0.00%33.33%0.00%200.00%121.00%0.00%0.00%66.67%-0.00%-1133.33%33.33%-----------------100.00%-200.00%--1700.00%50.00%25.00%100.00%30.00%0.00%10.53%-48.00%-76.18%0.00%-7.14%0.00%5.56%-27.27%-35.29%-42.86%-40.00%-4.55%-5.88%-6.25%-25.00%7.14%63.64%-
Timing----After-hoursAfter-hoursAfter-hoursAfter-hours-After-hours--After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hours---After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap3.23B
Enterprise Value3.08B
Trailing P/E17.44
Forward P/E21.64
Price / Sales5.46
Price / Book3.89
EPS0.78
Book Value3.43
Revenue (TTM)592.00M
Gross Profit (TTM)446.40M
EBITDA363.84M
Profit Margin31.45%
Operating Margin58.90%
Return on Equity24.03%
Return on Assets14.62%
Shares Outstanding237.76M
Shares Float222.98M
Beta1.04
Dividend Yield3.58%
Dividend Rate0.48
Payout Ratio58.97%

Dividends

20263×
0.12Sep 29, 20260.12Jun 30, 20260.11Mar 31, 2026
20254×
0.11Dec 31, 20250.11Sep 29, 20250.11Jun 30, 20250.11Mar 31, 2025
20244×
0.10Dec 31, 20240.10Sep 27, 20240.10Jun 28, 20240.10Mar 27, 2024
20234×
0.10Dec 28, 20230.10Sep 28, 20230.10Jun 29, 20230.10Mar 30, 2023
20221×
0.10Dec 29, 2022