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Frontera Energy Corp (OTC) (TSE:FEC)
:FEC
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 11.45%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Neutral
The earnings call demonstrated solid financial results and increased production, alongside substantial shareholder returns and sustainability achievements. However, challenges in Guyana and rising transportation costs present concerns. Progress in the Infrastructure business and strategic initiatives are promising.Company Guidance
During the third quarter 2024 earnings call for Frontera Energy, key guidance metrics were highlighted by the executives. The company is targeting an average daily crude production above 42,500 barrels per day for the fourth quarter, an increase from the 40,616 BOE per day reported in Q3. Frontera's financial health remains solid, with S&P reaffirming its credit rating at B, supported by a total cash position of $240 million, including restricted cash. The company has successfully executed a $30 million substantial issuer bid (SIB) and plans another SIB of up to $30 million, aiming to complete it by January 2025. Frontera's Infrastructure business is advancing its strategic review, with the virtual data room open for interested parties. The company remains on track to meet its 2024 consolidated operating EBITDA guidance of $400 million to $450 million, based on an $80 per barrel Brent price average. Additionally, Frontera has continued to distribute significant shareholder returns, with $53 million returned in 2024, including dividends and share repurchases.Strong Financial Performance
Frontera reported $16.6 million in net income and $103.2 million in operating EBITDA for the third quarter, despite lower average Brent prices and unforeseen events.
Increased Production
The company increased its average daily production by 2% quarter-over-quarter to 40,616 BOE per day and is projecting over 42,500 barrels per day in Q4.
Robust Shareholder Returns
Frontera returned over $53 million to shareholders in 2024, including dividends and share buybacks, and announced a new substantial issuer bid of up to $30 million.
Sustainability Achievements
Achieved 73% of its sustainability goals for the year, with significant local supplier engagement and recognition as a Great Place to Work in Colombia.
Infrastructure Business Progress
Continued advancement in strategic alternatives for its Infrastructure business, with discussions and virtual data room open for interested parties.
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TSE:FEC 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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TSE:FEC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$7.91 | C$8.01 | +1.38% |
| Aug 08, 2024 | C$7.20 | C$8.09 | +12.31% |
| May 08, 2024 | C$8.88 | C$8.85 | -0.33% |
| Mar 08, 2024 | C$7.75 | C$7.83 | +1.01% |
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 Frontera Energy Corp (OTC) (TSE:FEC) report earnings?
Frontera Energy Corp (OTC) (TSE:FEC) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Frontera Energy Corp (OTC) (TSE:FEC) earnings time?
Frontera Energy Corp (OTC) (TSE:FEC) earnings time is at Feb 27, 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 TSE:FEC EPS forecast?
Currently, no data Available
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