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Complete financial analysis of Birchcliff Energy Ltd. (BIREF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Birchcliff Energy Ltd., a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Birchcliff Energy Ltd. (BIREF)
About Birchcliff Energy Ltd.
Birchcliff Energy Ltd., an intermediate oil and natural gas company, acquires, explores for, develops, and produces natural gas, light oil, condensate, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play located approximately 95 km northwest of Grande Prairie, Alberta. Its asset portfolio also includes various other properties, including the Elmworth and Progress areas of Alberta. As of December 31, 2021, the company had interests in various gas plants, oil batteries, compressors, facilities, and infrastructure; and 200,712 net acres of undeveloped land, as well as proved plus probable reserves of 1,022 million barrels of oil equivalent. Birchcliff Energy Ltd. was incorporated in 2004 and is headquartered in Calgary, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 700.62M | 1.36B | 953.13M | 542.19M | 633.69M | 621.42M | 556.94M | 337.59M | 317.30M | 472.89M | 316.64M | 257.21M | 264.59M | 189.98M | 150.67M | 203.90M | 120.70M | 93.77M | 67.79M | 65.50K | 109.56K | 2.48M | 1.65M |
| Cost of Revenue | 523.62M | 499.10M | 403.60M | 328.86M | 351.20M | 346.28M | 324.76M | 245.29M | 222.49M | 237.13M | 189.44M | 170.09M | 91.57M | 66.04M | 61.53M | 48.61M | 41.05M | 33.48M | 10.22M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 177.00M | 859.88M | 549.53M | 213.34M | 282.49M | 275.14M | 232.18M | 92.30M | 94.81M | 235.76M | 127.20M | 87.11M | 173.02M | 123.94M | 89.14M | 155.29M | 79.65M | 60.29M | 57.57M | 65.50K | 109.56K | 2.48M | 1.65M |
| Gross Profit Ratio | 25.26% | 63.27% | 57.66% | 39.35% | 44.58% | 44.28% | 41.69% | 27.34% | 29.88% | 49.86% | 40.17% | 33.87% | 65.39% | 65.24% | 59.16% | 76.16% | 65.99% | 64.30% | 84.93% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 55.74M | 198.09M | 181.94M | 167.62M | 158.86M | 135.85M | 101.79M | 66.96M | 60.83M | 57.13M | 47.92M | 46.99M | 0.00 | 20.71M | 21.20M | 0.00 | 0.00 | 0.00 | 0.00 | 758.88K | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 18.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 55.74M | 198.09M | 181.94M | 167.62M | 158.86M | 135.85M | 101.79M | 66.96M | 60.83M | 57.13M | 47.92M | 46.99M | 34.09M | 20.71M | 21.20M | 11.52M | 14.72M | 11.81M | 12.24M | 758.88K | 652.02K | 2.24M | 838.94K |
| Other Expenses | 0.00 | 374.00K | 9.49M | 6.97M | -4.90M | 800.00K | 268.00K | -3.50M | -3.50M | -3.50M | -1.91M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 55.74M | 197.52M | 180.39M | 165.67M | 158.60M | 139.05M | 104.96M | 69.75M | 63.80M | 59.72M | 50.54M | 49.22M | 105.83M | 97.18M | 106.45M | 101.18M | 80.80M | 56.54M | 32.43M | 776.68K | 672.89K | 2.31M | 849.56K |
| Cost & Expenses | 579.36M | 696.63M | 583.99M | 494.53M | 509.80M | 485.33M | 429.72M | 315.03M | 286.29M | 296.85M | 239.98M | 219.32M | 197.40M | 163.22M | 167.98M | 149.79M | 121.85M | 90.02M | 42.65M | 776.68K | 672.89K | 2.31M | 849.56K |
| Interest Income | 528.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -787.00K | -889.00K | -3.06M | -1.20M | 2.00K | 0.00 | 31.00K | 698.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 22.54M | 15.81M | 30.47M | 28.07M | 26.00M | 28.70M | 29.62M | 31.39M | 23.78M | 20.26M | 22.39M | 20.22M | 17.51M | 13.45M | 10.31M | 10.32M | 0.00 | 4.25M | 1.17M | 7.53K | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 226.51M | 217.06M | 215.37M | 214.30M | 216.16M | 208.87M | 185.67M | 149.37M | 147.16M | 136.28M | 108.80M | 95.78M | 71.74M | 76.47M | 85.25M | 89.67M | 66.08M | 44.73M | 20.19M | 17.80K | 91.24K | 74.88K | 10.62K |
| EBITDA | 262.78M | 875.09M | 650.50M | 167.23M | 148.44M | 378.98M | 311.65M | 149.21M | 181.10M | 311.73M | 220.21M | 132.89M | 136.29M | 113.41M | 66.74M | 143.58M | 64.93M | 48.49M | 45.33M | -693.37K | -467.02K | -609.40K | 342.19K |
| EBITDA Ratio | 37.51% | 64.39% | 61.95% | 49.03% | 52.24% | 55.39% | 55.96% | 50.60% | 55.86% | 65.85% | 58.29% | 51.66% | 51.51% | 53.47% | 44.30% | 70.51% | 53.79% | 51.71% | 66.87% | -1,058.54% | -430.89% | 9.77% | 49.12% |
| Operating Income | 121.27M | 661.28M | 377.67M | 53.41M | 117.47M | 135.36M | 125.98M | 21.46M | 30.09M | 175.11M | 82.61M | 37.10M | 64.55M | 25.11M | -18.51M | 54.11M | -1.15M | 3.75M | 25.14M | -711.17K | -563.33K | 167.39K | 799.17K |
| Operating Income Ratio | 17.31% | 48.66% | 39.62% | 9.85% | 18.54% | 21.78% | 22.62% | 6.36% | 9.48% | 37.03% | 26.09% | 14.42% | 24.40% | 13.22% | -12.29% | 26.54% | -0.96% | 4.00% | 37.09% | -1,085.71% | -514.17% | 6.75% | 48.47% |
| Total Other Income/Expenses | -105.32M | -22.72M | 39.80M | -118.91M | -214.09M | 6.06M | -188.09M | -53.01M | -19.94M | -19.92M | 7.30M | -17.13M | -16.26M | -985.00K | -11.51M | -10.52M | -17.36M | -3.29M | -15.89M | -7.53K | 3.64M | -565.02K | -685.27K |
| Income Before Tax | 15.95M | 857.32M | 408.94M | -71.24M | -90.20M | 142.15M | -60.87M | -30.46M | 11.07M | 156.12M | 89.91M | 20.76M | 49.18M | 11.66M | -28.82M | 43.59M | -18.51M | 463.00K | 9.25M | -718.71K | -1.60M | -517.88K | 0.00 |
| Income Before Tax Ratio | 2.28% | 63.09% | 42.91% | -13.14% | -14.23% | 22.87% | -10.93% | -9.02% | 3.49% | 33.01% | 28.39% | 8.07% | 18.59% | 6.14% | -19.13% | 21.38% | -15.34% | 0.49% | 13.65% | -1,097.21% | -1,461.04% | -20.88% | 0.00% |
| Income Tax Expense | 6.17M | 200.49M | 94.27M | -13.42M | -34.81M | 39.93M | -13.89M | -6.13M | 23.23M | 41.81M | 24.49M | 7.56M | 14.73M | 5.76M | -4.57M | 13.69M | -4.27M | 650.00K | 6.07M | 0.00 | -463.47K | 69.32K | 771.00 |
| Net Income | 9.78M | 656.83M | 314.68M | -57.82M | -55.39M | 102.21M | -46.98M | -24.34M | -12.16M | 114.30M | 65.42M | 13.20M | 34.45M | 5.90M | -24.25M | 29.90M | -14.24M | -1.11M | 3.19M | -718.71K | -1.14M | -587.19K | 798.40K |
| Net Income Ratio | 1.40% | 48.33% | 33.02% | -10.66% | -8.74% | 16.45% | -8.44% | -7.21% | -3.83% | 24.17% | 20.66% | 5.13% | 13.02% | 3.11% | -16.10% | 14.66% | -11.80% | -1.19% | 4.70% | -1,097.21% | -1,038.02% | -23.68% | 48.42% |
| EPS | 0.04 | 2.46 | 1.17 | -0.22 | -0.21 | 0.38 | -0.18 | -0.12 | -0.08 | 0.75 | 0.43 | 0.08 | 0.27 | 0.27 | -0.21 | 0.27 | -0.20 | -0.02 | 0.08 | -0.03 | -0.10 | -0.05 | 0.08 |
| EPS Diluted | 0.04 | 2.38 | 1.13 | -0.22 | -0.21 | 0.38 | -0.18 | -0.12 | -0.08 | 0.72 | 0.42 | 0.08 | 0.26 | 0.27 | -0.21 | 0.26 | -0.20 | -0.02 | 0.07 | -0.03 | -0.10 | -0.05 | 0.08 |
| Weighted Avg Shares Out | 266.46M | 265.55M | 265.99M | 265.94M | 265.93M | 265.85M | 265.18M | 199.58M | 152.29M | 147.76M | 142.42M | 137.08M | 126.28M | 124.63M | 117.99M | 108.99M | 72.16M | 58.81M | 40.63M | 24.51M | 11.37M | 11.37M | 11.37M |
| Weighted Avg Shares Out (Dil) | 272.49M | 275.22M | 274.36M | 265.94M | 265.93M | 267.32M | 265.18M | 199.58M | 152.29M | 152.24M | 145.01M | 139.91M | 131.44M | 128.52M | 117.99M | 113.09M | 72.16M | 58.81M | 42.95M | 26.01M | 11.57M | 11.37M | 11.43M |
Birchcliff Energy: Dividend Yield Falls, Peyto And Whitecap Make More Sense
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Birchcliff also Announces Other Executive Leadership Changes and New Board Appointment Birchcliff also Announces Other Executive Leadership Changes and New Board Appointment
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Birchcliff Energy's cash flows in Q2 were weak, but the future looks better due to improved natural gas prices. The company's dividend is not currently covered by free cash flow, but it is expected to be covered again in 2024....
Birchcliff Energy Ltd. Announces Q2 2023 Results and Declaration of Q3 2023 Dividend of $0.20 Per Common Share
CALGARY, Alberta, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q2 2023 financial and operational results and that its board of directors (the “Board”) has declared a quarterly...
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