See more : CI Financial Corp. (CIX.TO) 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: A Hot Growth Prospect In Canada
Birchcliff Energy is poised to continue growing at an average rate of 15%.
Birchcliff Energy: The Cash Is Now Pouring In
Birchcliff is printing cash at the current high gas price. The reported free cash flow is low, mainly because about 80% of the full-year capex budget has already been spent in the first semester.
Birchcliff Energy Ltd. Announces Declaration of Quarterly Common Share and Preferred Share Dividends
CALGARY, Alberta, May 31, 2021 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending June 30, 2021:
Birchcliff's Expected Strong Q1 Will Be A Harbinger Of A Banner Year
Birchcliff's largely unhedged operations give the company the full benefit of the strength in commodity prices in Q1 this year. Reported results will be understated by management's decision to shut in some production to protect completion activities on some wells.
Birchcliff Energy: Trading At Just 4 Times The Anticipated 2023 Free Funds Flow
I expect a very strong Q1 result from Birchcliff as the company was able to take advantage of the high gas prices. This could accelerate the company's debt repayment plans and make the 2023 targets very reasonable.
Birchcliff Energy Ltd. Announces the Filing of its Audited Financial Statements and Other Disclosure Documents for the Year Ended December 31, 2020
CALGARY, Alberta, March 10, 2021 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that it has filed its audited annual financial statements (the “Financial Statements”) and related management's discussion and analysis and...
Birchcliff Energy Ltd. Announces Declaration of Quarterly Common Share and Preferred Share Dividends
CALGARY, Alberta, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending March 31, 2021:
Birchcliff Energy: You Can Still Make 7.5-8% On The Preferred Shares
Birchcliff Energy: You Can Still Make 7.5-8% On The Preferred Shares
Birchcliff Energy Ltd. Announces Declaration of Quarterly Common Share and Preferred Share Dividends
CALGARY, Alberta, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending December 31, 2020:
Birchcliff Energy Ltd. Receives TSX Approval For Renewed Normal Course Issuer Bid
CALGARY, Alberta, Nov. 18, 2020 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the notice of Birchcliff's intention to make a normal course...
Source: https://incomestatements.info
Category: Stock Reports