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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)
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: 11+% Yielding Bet On Shrinking WTI-WCS Price Differential
Gear Energy: A Shareholder-Friendly Oil Play
Gear Energy: Printing Cash With No End In Sight
Gear Energy: Cheap, But Not Cheaper Than Peers
Gear Energy Is Trading At A 16% FCF Yield At $75 WTI
Gear Energy: Excellent Value If You Believe In $75+ Oil
OTC Markets Group Welcomes Gear Energy Ltd to OTCQX
Source: https://incomestatements.info
Category: Stock Reports