Gear Energy Ltd. (GENGF) Income Statement Analysis

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Complete financial analysis of Gear Energy Ltd. (GENGF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Gear Energy Ltd., a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.

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Gear Energy Ltd. (GENGF)

Industry: Oil & Gas Exploration & Production

Sector: Energy

Website: https://www.gearenergy.com

About Gear Energy Ltd.

Gear Energy Ltd., an exploration and production company, acquires, develops, and holds interests in petroleum and natural gas properties and assets in Canada. Its properties include the Celtic/Paradise Hill property located approximately 40 kilometers northeast of Lloydminster Alberta; the Wildmere field situated approximately 200 kilometers southeast of Edmonton, Alberta; the Wilson Creek property located in Central Alberta; and the Tableland property situated southwest of Estevan in Southeast Saskatchewan. As of December 31, 2021, the company's Celtic/Paradise Hill property had proved plus probable reserves of 4,047 thousand barrels (Mbbls) of heavy crude oil; the Wildmere field had proved plus probable reserves of 3,405 Mbbls of heavy crude oil and 1.4 billion cubic feet (Bcf) of natural gas; the Wilson Creek property comprised of proved plus probable reserves of 3,318 Mbbls of light crude oil and natural gas liquids (NGLs), and 6.2 Bcf of natural gas; and the Tableland property had proved plus probable reserves of 5,315 Mbbls of light crude oil and NGLs, and 3.5 BCF of natural gas. Gear Energy Ltd. is headquartered in Calgary, Canada.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	129.82M	187.28M	129.03M	65.06M	131.99M	109.32M	102.55M	64.40M	80.37M	164.41M	97.58M	78.04M	51.19M
Cost of Revenue	47.11M	62.27M	49.56M	39.26M	64.85M	55.00M	48.35M	32.92M	51.81M	78.72M	54.75M	47.67M	23.76M
Gross Profit	82.71M	125.01M	79.47M	25.80M	67.14M	54.32M	54.20M	31.48M	28.56M	85.68M	42.82M	30.37M	27.43M
Gross Profit Ratio	63.71%	66.75%	61.59%	39.65%	50.87%	49.69%	52.85%	48.88%	35.53%	52.12%	43.89%	38.91%	53.59%
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
General & Administrative	7.21M	15.85M	10.59M	9.92M	6.17M	6.24M	7.11M	6.79M	8.08M	8.96M	8.43M	7.62M	6.71M
Selling & Marketing	9.33M	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	16.54M	15.85M	10.59M	9.92M	6.17M	6.24M	7.11M	6.79M	8.08M	8.96M	8.43M	7.62M	6.71M
Other Expenses	0.00	0.00	-71.00K	-39.00K	0.00	17.00K	-101.00K	-480.00K	-3.96M	0.00	0.00	0.00	0.00
Operating Expenses	16.54M	60.05M	46.08M	38.61M	51.86M	48.27M	46.69M	35.94M	44.75M	59.75M	35.76M	30.73M	29.15M
Cost & Expenses	63.65M	122.32M	95.64M	77.87M	116.71M	103.27M	95.04M	68.87M	96.56M	138.47M	90.51M	78.40M	52.91M
Interest Income	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
Interest Expense	4.47M	3.29M	4.44M	5.52M	6.38M	5.03M	4.19M	3.87M	4.32M	2.98M	2.18M	1.71M	721.00K
Depreciation & Amortization	45.19M	39.63M	36.95M	33.58M	52.02M	44.45M	39.65M	28.14M	40.40M	48.33M	32.03M	29.65M	16.58M
EBITDA	67.48M	107.41M	68.74M	19.59M	52.88M	52.27M	45.34M	13.85M	-61.34M	36.67M	32.29M	29.29M	14.86M
EBITDA Ratio	51.98%	54.64%	53.28%	30.12%	49.71%	44.10%	44.18%	34.12%	30.12%	45.17%	40.07%	37.53%	29.03%
Operating Income	66.17M	64.95M	33.32M	-12.85M	15.28M	6.06M	5.80M	-7.61M	-17.70M	25.93M	7.07M	-366.00K	-1.72M
Operating Income Ratio	50.97%	34.68%	25.82%	-19.76%	11.57%	5.54%	5.65%	-11.82%	-22.02%	15.77%	7.24%	-0.47%	-3.35%
Total Other Income/Expenses	-46.11M	-35.56M	-21.13M	-69.38M	-17.71M	-950.00K	-41.25M	-40.13M	-88.37M	-42.02M	-8.98M	3.42M	-16.45M
Income Before Tax	20.06M	66.75M	47.61M	-54.04M	-2.43M	5.09M	4.15M	-17.68M	-106.06M	-16.09M	-1.92M	3.06M	-18.16M
Income Before Tax Ratio	15.45%	35.64%	36.90%	-83.07%	-1.84%	4.66%	4.05%	-27.45%	-131.96%	-9.79%	-1.96%	3.91%	-35.48%
Income Tax Expense	11.48M	-8.23M	-32.89M	23.28M	3.25M	5.05M	-6.08M	6.01M	-9.55M	-3.01M	-857.00K	2.51M	-3.09M
Net Income	8.59M	74.98M	80.50M	-77.32M	-5.68M	5.09M	10.23M	-23.69M	-96.52M	-13.08M	-1.06M	547.00K	-15.08M
Net Income Ratio	6.61%	40.04%	62.39%	-118.86%	-4.30%	4.66%	9.97%	-36.78%	-120.09%	-7.96%	-1.09%	0.70%	-29.45%
EPS	0.03	0.29	0.32	-0.36	-0.03	0.02	0.05	-0.18	-1.34	-0.20	-0.02	0.01	-0.28
EPS Diluted	0.03	0.28	0.31	-0.36	-0.03	0.02	0.05	-0.18	-1.34	-0.19	-0.02	0.01	-0.28
Weighted Avg Shares Out	286.20M	259.79M	248.67M	216.55M	218.89M	219.45M	193.48M	133.17M	72.10M	66.71M	53.93M	53.94M	53.94M
Weighted Avg Shares Out (Dil)	263.28M	264.21M	263.01M	216.55M	218.89M	219.45M	210.03M	133.17M	72.10M	67.84M	54.16M	53.94M	53.94M

Gear Energy Ltd. Announces a Transformative Transaction Providing Shareholders with Liquidity and Retained Ownership in a New Growth Focused Oil Company and Monthly Dividend

December 2, 2024newsfilecorp.com

Calgary, Alberta--(Newsfile Corp. - December 2, 2024) - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company"), is pleased to announce that it has entered into an arrangement agreement (the "Agreement") with a large publicly traded company (the "Purchaser") pursuant...

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Source: https://incomestatements.info
Category: Stock Reports

Gear Energy Ltd. (GENGF) Income Statement Analysis – Financial Results

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