Frontera Energy ( (TSE:FEC) ) just unveiled an announcement.
Frontera Energy reported a net loss of $24.2 million for 2024, despite generating $116.7 million in income from operations and achieving an operating EBITDA of $424 million. The company met all 2024 guidance metrics, including an annual production of 40,288 Boe/d and a production cost of $9.34/boe. Frontera recorded 151.3 million Boe 2P gross reserves and a 1P reserves replacement ratio of 45%. The company also achieved its sustainability goals, including its best-ever TRIR performance, and declared a quarterly dividend of C$0.0625 per share.
More about Frontera Energy
Frontera Energy Corporation is a company operating in the energy sector, primarily focused on oil and gas exploration and production. The company’s operations are concentrated in Colombia and Ecuador, where it manages significant reserves and production activities.
YTD Price Performance: -22.20%
Average Trading Volume: 23,493
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $375M
Find detailed analytics on FEC stock on TipRanks’ Stock Analysis page.