See more : Chelyabinsk Metallurgical Plant PAO (CHMK.ME) Income Statement Analysis – Financial Results
Complete financial analysis of Crew Energy Inc. (CWEGF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Crew Energy Inc., a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Crew Energy Inc. (CWEGF)
About Crew Energy Inc.
Crew Energy Inc. engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (NGL) in Canada. It primarily holds interests in Septimus, West Septimus, Groundbirch/Monias, Tower, and Attachie, areas located in the southwest, south, and west of Fort St. John in British Columbia. As of December 31, 2021, the West Septimus area had proved plus probable reserves of 51,559.2 thousand barrels (Mbbl) of NGL and 893,110 million cubic feet (Mmcf) of conventional natural gas; the Septimus area comprised of proved plus probable reserves of 4,257.6 Mbbl of light and medium crude oil, and 11,568.9 Mbbl of NGL along with 368,407 Mmcf of conventional natural gas; the Groundbirch/Monias area had total proved plus probable reserves of 9,500.5 Mbbl of NGL and 461,168 Mmcf of conventional natural gas; the Tower area comprised proved plus probable reserves of 1,599.2 Mbbl of light and medium crude oil, 619.2 Mbbl of NGL, and 23,364 Mmcf of conventional natural gas; and the Attachie area comprised proved plus probable reserves of 6,753.4 Mbbl of NGL and 164,970 Mmcf of conventional natural gas The company was incorporated in 2003 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 307.07M | 607.90M | 335.57M | 139.46M | 205.28M | 230.37M | 214.15M | 174.72M | 153.93M | 425.42M | 430.63M | 417.76M | 379.92M | 212.05M | 162.17M | 235.86M | 140.47M | 92.81M | 87.65M | 37.95M | 7.35M |
| Cost of Revenue | 183.68M | 159.32M | 96.28M | 77.52M | 90.53M | 92.50M | 90.28M | 96.02M | 106.70M | 241.46M | 275.64M | 293.40M | 196.96M | 105.36M | 68.57M | 96.41M | 50.12M | 32.78M | 6.90M | 3.54M | 1.03M |
| Gross Profit | 123.40M | 448.58M | 239.29M | 61.93M | 114.75M | 137.88M | 123.87M | 78.70M | 47.24M | 183.97M | 154.99M | 124.37M | 182.96M | 106.69M | 93.60M | 139.45M | 90.35M | 60.03M | 80.75M | 34.41M | 6.32M |
| Gross Profit Ratio | 40.18% | 73.79% | 71.31% | 44.41% | 55.90% | 59.85% | 57.84% | 45.04% | 30.69% | 43.24% | 35.99% | 29.77% | 48.16% | 50.31% | 57.72% | 59.13% | 64.32% | 64.68% | 92.13% | 90.68% | 85.99% |
| 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 |
| General & Administrative | 21.59M | 63.40M | 50.97M | 39.86M | 39.78M | 35.17M | 39.66M | 39.38M | 33.65M | 38.90M | 35.65M | 43.34M | 21.14M | 11.00M | 9.06M | 7.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 414.00K | 2.91M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 21.59M | 63.40M | 50.97M | 39.86M | 40.19M | 38.09M | 39.66M | 39.38M | 33.65M | 38.90M | 35.65M | 43.34M | 21.14M | 11.00M | 9.06M | 7.50M | 5.99M | 3.92M | 4.07M | 2.12M | 323.00K |
| Other Expenses | 29.03M | 740.00K | 1.50M | 1.14M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.27M | 78.52M | 7.11M | 46.28M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 21.59M | 112.45M | 98.17M | 88.61M | 94.58M | 98.39M | 90.55M | 90.30M | 91.73M | 136.86M | 149.93M | 164.13M | 176.93M | 124.21M | 140.67M | 112.37M | 81.42M | 45.38M | 23.76M | 11.76M | 2.08M |
| Cost & Expenses | 205.27M | 271.77M | 194.45M | 166.13M | 185.12M | 190.88M | 180.83M | 186.31M | 198.42M | 378.32M | 425.57M | 457.52M | 373.89M | 229.57M | 209.24M | 208.77M | 131.54M | 78.16M | 30.66M | 15.30M | 3.11M |
| Interest Income | 813.00K | 20.38M | 24.50M | 23.31M | 24.50M | 23.26M | 6.28M | 17.55M | 16.58M | 20.47M | 14.52M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 38.00K |
| Interest Expense | 8.75M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 20.96M | 0.00 | 0.00 | 0.00 | 0.00 | 13.45M | 7.18M | 5.80M | 6.50M | 7.09M | 6.81M | 1.69M | 437.00K | 0.00 | 0.00 |
| Depreciation & Amortization | 90.16M | 101.08M | 74.58M | 72.28M | 77.68M | 79.33M | 77.07M | 87.17M | 93.08M | 158.84M | 190.18M | 202.60M | 155.79M | 113.21M | 131.61M | 104.87M | 75.43M | 41.46M | 19.69M | 9.64M | 1.75M |
| EBITDA | 191.97M | 437.21M | 214.84M | 45.60M | 94.96M | 122.78M | 146.69M | 73.16M | 50.44M | 208.78M | 195.07M | 162.84M | 168.93M | 108.63M | 84.55M | 65.08M | 84.36M | 56.12M | 76.68M | 23.84M | 6.00M |
| EBITDA Ratio | 62.52% | 71.69% | 64.02% | 31.94% | 46.26% | 50.28% | 49.02% | 41.87% | 31.20% | 48.29% | 45.30% | 38.98% | 44.46% | 45.13% | 52.13% | 55.95% | 60.06% | 60.46% | 87.49% | 85.10% | 81.60% |
| Operating Income | 101.81M | 294.53M | 57.48M | -4.36M | 19.22M | 38.84M | 66.01M | -22.84M | -34.31M | 80.09M | -15.84M | 649.00K | 6.03M | -17.52M | -47.07M | 27.08M | 8.93M | 14.66M | 56.99M | 22.65M | 4.25M |
| Operating Income Ratio | 33.15% | 48.45% | 17.13% | -3.13% | 9.36% | 16.86% | 30.83% | -13.07% | -22.29% | 18.82% | -3.68% | 0.16% | 1.59% | -8.26% | -29.02% | 11.48% | 6.36% | 15.79% | 65.02% | 59.69% | 57.78% |
| Total Other Income/Expenses | 19.12M | 61.35M | 197.85M | -252.38M | -6.38M | -12.71M | 4.23M | -16.73M | 24.40M | -545.81M | -87.16M | 33.13M | -182.01M | 11.41M | -6.50M | -73.96M | -6.01M | -1.69M | -402.00K | -8.46M | -1.48M |
| Income Before Tax | 161.33M | 355.88M | 255.33M | -256.74M | 12.84M | 23.17M | 50.60M | -85.77M | -67.12M | -465.72M | -103.01M | 33.78M | -175.98M | -23.32M | -53.57M | -46.87M | 2.92M | 12.97M | 38.96M | 14.19M | 2.81M |
| Income Before Tax Ratio | 52.54% | 58.54% | 76.09% | -184.10% | 6.25% | 10.06% | 23.63% | -49.09% | -43.61% | -109.47% | -23.92% | 8.09% | -46.32% | -11.00% | -33.03% | -19.87% | 2.08% | 13.97% | 44.45% | 37.41% | 38.14% |
| Income Tax Expense | 41.64M | 91.52M | 50.03M | -53.56M | 765.00K | 10.37M | 16.20M | -20.84M | -11.77M | -116.01M | -23.69M | 12.24M | -45.82M | -6.16M | -15.76M | 6.45M | -6.19M | 2.19M | 14.32M | 5.25M | 1.24M |
| Net Income | 119.69M | 264.36M | 205.30M | -203.18M | 12.07M | 12.80M | 34.41M | -64.93M | -55.36M | -349.71M | -79.31M | 21.54M | -130.16M | -17.16M | -37.82M | -53.32M | 9.11M | 10.78M | 24.64M | 8.95M | 1.57M |
| Net Income Ratio | 38.98% | 43.49% | 61.18% | -145.69% | 5.88% | 5.56% | 16.07% | -37.16% | -35.96% | -82.20% | -18.42% | 5.16% | -34.26% | -8.09% | -23.32% | -22.61% | 6.49% | 11.61% | 28.11% | 23.58% | 21.28% |
| EPS | 0.78 | 1.73 | 1.34 | -1.34 | 0.08 | 0.08 | 0.23 | -0.45 | -0.40 | -2.86 | -0.65 | 0.18 | -1.28 | -0.22 | -0.50 | -0.87 | 0.20 | 0.31 | 0.87 | 0.36 | 0.43 |
| EPS Diluted | 0.74 | 1.63 | 1.27 | -1.34 | 0.08 | 0.08 | 0.23 | -0.45 | -0.40 | -2.86 | -0.65 | 0.18 | -1.28 | -0.22 | -0.50 | -0.81 | 0.20 | 0.30 | 0.77 | 0.31 | 0.43 |
| Weighted Avg Shares Out | 154.35M | 152.47M | 153.01M | 152.15M | 151.89M | 151.10M | 148.60M | 143.09M | 137.95M | 122.40M | 121.63M | 120.82M | 102.03M | 79.75M | 75.25M | 61.58M | 46.48M | 34.76M | 28.32M | 24.86M | 3.64M |
| Weighted Avg Shares Out (Dil) | 161.77M | 162.04M | 161.66M | 152.15M | 151.93M | 151.82M | 151.07M | 143.09M | 137.95M | 122.40M | 121.63M | 121.19M | 102.03M | 79.75M | 75.25M | 65.86M | 46.52M | 35.92M | 32.00M | 28.86M | 3.64M |
Crew Energy Inc. Announces Completion of Acquisition By Tourmaline Oil Corp.
CALGARY, Alberta, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) ("Crew" or the "Company") is pleased to announce the completion of the acquisition by Tourmaline Oil Corp. ("Tourmaline") of all of the outstanding common shares...
Crew Energy Inc. Announces Overwhelming Shareholder Approval for its Strategic Transaction With Tourmaline Oil Corp.
CALGARY, Alberta, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) ("Crew" or the "Company") is pleased to announce that at its special meeting (the "Meeting") of the holders (the "Crew Shareholders") of common shares of...
Tourmaline Oil to buy Crew Energy for $1.3B, boosting Montney presence
Tourmaline Oil Corp (TSX:TOU), Canada's largest natural gas producer, has agreed to acquire Crew Energy Inc (TSX:CR) for C$1.3 billion (US$947 million), including debt, as part of ongoing consolidation in the oil and gas sector. The all-stock deal is valued...
Tourmaline Oil to acquire Crew Energy for $947 million
Tourmaline Oil said on Monday it will acquire Crew Energy in a C$1.3 billion ($947.52 million) deal, which includes debt.
Crew Energy Announces Q2 2024 Results Highlighted by a 67% Increase in Condensate Production Driving a 55% AFF Margin
CALGARY, Alberta, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) ("Crew" or the "Company"), a growth-oriented natural gas weighted producer operating in the world-class Montney play in northeast British Columbia (“NE BC”), is pleased to...
Crew Energy: The LNG Canada Wait Is Almost Over
Crew Energy stock has fallen ~50% due to gas industry challenges and missed Q1 estimates, but analysts predict a potential double in price. Market conditions for gas-focused energy companies have improved in the U.S. but not in Canada, with LNG...
Crew Energy Announces Annual General and Special Meeting Results for Election of Directors
CALGARY, Alberta, May 24, 2024 (GLOBE NEWSWIRE) -- Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) (“Crew” or the “Company”), a growth-oriented, liquids rich natural gas producer operating in the world-class Montney play in northeast British Columbia (“NE BC”), is pleased...
Crew Energy Announces Q1 2024 Results Highlighted by a 61% AFF Margin and a 20% Increase in Condensate Production
CALGARY, Alberta, May 09, 2024 (GLOBE NEWSWIRE) -- Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) ("Crew" or the "Company"), a growth-oriented natural gas weighted producer operating in the world-class Montney play in northeast British Columbia (“NE BC”), is pleased to...
Crew Energy Announces Fourth Quarter and Full Year 2023 Results Highlighted by Record Condensate Production and Balance Sheet Strengthening
CALGARY, Alberta, March 07, 2024 (GLOBE NEWSWIRE) -- Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) ("Crew" or the "Company"), a growth-oriented natural gas weighted producer operating in the world-class Montney play in northeast British Columbia (“NE BC”), is pleased to...
Crew Energy Announces 2023 Reserves, 2024 Capital Budget and Guidance
CALGARY, Alberta, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) ("Crew" or the "Company"), a growth-oriented natural gas weighted producer operating in the world-class Montney play in northeast British Columbia (“NE BC”), is pleased to...
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