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Whitecap Resources (SPGYF)
OTHER OTC:SPGYF
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.25Last Year’s EPS
0.34Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -7.36%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong financial and operational performance with record production and significant shareholder returns. The company plans for continued growth and infrastructure expansion in 2025. Despite lower natural gas prices and tax adjustments, the positive aspects significantly outweigh the negatives, indicating a strong outlook.Company Guidance
During the Whitecap Resources Q3 2024 Earnings Call, the company provided detailed guidance for 2025, highlighting several key metrics and strategic plans. The company anticipates an average production increase to 176,000 to 180,000 BOE per day, up from the previous guidance of 172,500 BOE per day in 2024. This growth is supported by a capital investment plan of $1.1 billion to $1.2 billion, aiming for a 5% per share growth at the midpoint. For 2025, the company forecasts generating $1.6 billion to $1.7 billion in funds flow, assuming oil prices of USD 70 per barrel WTI and $2.50 per GJ AECO. Whitecap plans to maintain its focus on both conventional and unconventional assets, expecting a low decline in the conventional side and a 10% to 15% annual growth rate in unconventional assets like Montney and Duvernay. Operational costs are projected to include royalties at approximately 16%, operating costs at $14 per BOE, and transportation costs at $2.10 per BOE. The company also expects to return a minimum of $400 million in dividends to shareholders, with an additional focus on balancing share buybacks and debt reduction. The balance sheet is strong, with net debt at $1.4 billion, equating to a debt-to-EBITDA ratio of 0.6x, aiming to further reduce this to 0.5x post-PGI transaction.Record Production and Financial Performance
Achieved average production above forecast at 173,302 BOE per day and generated funds flow of $409 million or $0.68 per share.
Strong Liquids Production
Condensate production for Montney and Duvernay assets outperformed expectations, with strong production from Southeast Saskatchewan Frobisher drilling program.
Free Funds Flow and Shareholder Returns
Generated $136 million of free funds flow during the quarter, with $200 million returned to shareholders through dividends and share repurchases.
2025 Production and Growth Plans
Forecasted production of 176,000 to 180,000 BOE per day in 2025, representing 5% per share growth at midpoint.
Balance Sheet and Financial Position
Net debt of $1.4 billion with a debt-to-EBITDA ratio of 0.6x, expected to improve to 0.5x post-PGI transaction.
Technical and Operational Efficiencies
Improved key performance indicators for Montney and Duvernay operations, including drilling meters per day and completions water intensity.
Infrastructure and Expansion Plans
Plans to maximize throughput at Musreau and Kaybob facilities, with potential for future expansion.
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SPGYF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SPGYF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $7.47 | $7.38 | -1.20% |
| Jul 24, 2024 | $6.96 | $7.20 | +3.45% |
| Apr 24, 2024 | $7.43 | $7.55 | +1.62% |
| Feb 21, 2024 | $6.40 | $6.67 | +4.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Whitecap Resources (SPGYF) report earnings?
Whitecap Resources (SPGYF) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Whitecap Resources (SPGYF) earnings time?
Whitecap Resources (SPGYF) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPGYF EPS forecast?
SPGYF EPS forecast for the fiscal quarter 2024 (Q4) is 0.25.
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