See more : Yango Group Co., Ltd (000671.SZ) Income Statement Analysis – Financial Results
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: How Long Will The 11% Dividend Yield Last?
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Birchcliff Energy: Now Yielding 8.5% After Big-Time Hike
Birchcliff is a mid-sized natural gas producer that aims to further slowly increase its production rate. As the company already indicated last year, the improved natural gas prices allowed it to increase its dividend to C$0.20 per quarter.
Birchcliff Energy Confirms Its Status As Tier-1 Natural Gas Producer
Birchcliff Energy is a Canadian natural gas producer and just over 80% of its output of almost 80,000 barrels of oil equivalent per day consists of natural gas. The balance sheet is clean, and BIR called all of its preferred...
Birchcliff Energy Is On Its Way To A Well-Covered 8% Dividend Yield
Birchcliff has provided a preliminary guidance for FY 2023 which includes 5% production growth. More importantly, the dividend will indeed be ten-folded and should be well-covered all the way down to C$3 AECO.
Birchcliff Energy: Poised For Growth In LNG
BIREF has been increasing cash flow, reducing debt, and rewarding shareholders. Birchcliff Energy plans for modest growth over the next 4 years, to 90K BOEPD.
Birchcliff Energy: Incredible Upside Still To Come
At current prices, Birchcliff's implied valuation of C$11 – C$20 per share commands a lucrative 17% - 28% upside. Birchcliff is an incredibly well positioned gas-weighted operator given the strong gas market backdrop.
Birchcliff Energy Is Printing Cash And That's Bad News For Me
Birchcliff sees the cash gushing in thanks to a good production performance and an excellent natural gas price. The company will be debt free by the end of this year and is considering a more shareholder-friendly approach.
Birchcliff Energy Is Taking Advantage Of The Multi-Year High Gas Price
Birchcliff is a natural gas producer in Canada and is taking advantage of the strong gas price to rapidly reduce its net debt. The company remains on track to generate about C$1.5/share in free cash flow in 2022 based on...
Birchcliff Keeps Upping Its Guidance As Gas Prices Rise
Birchcliff originally guided to CAD$360 million cash flow in 2021 with capex at CAD$230 million. On May 12, 2021 Birchcliff raised that guidance to cash flow of CAD$400 million with capex still at CAD$230 million.
Source: https://incomestatements.info
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