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Frontera Energy Corporation (TSE:FEC)
TSX:FEC
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.14Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 10, 2025
|% Change Since: -22.52%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Frontera Energy's strong financial position, successful infrastructure business, and substantial return of capital to shareholders. However, these positive aspects were offset by a net loss for the year, production challenges, and cost pressures due to inflation. Despite these challenges, the company maintained a steady outlook for 2025.Company Guidance
During the call, Frontera Energy highlighted its successful achievement of 2024 guidance targets, including closing the year with a $223 million cash position and reducing consolidated debt by over $30 million. The company received a reaffirmation of its credit ratings with a B+ from S&P and B from Fitch, reflecting a stable outlook. The infrastructure segment generated an adjusted EBITDA of over $107 million, and Frontera gained over $60 million in dividends from ODL. In 2024, Frontera returned approximately $83 million to shareholders, including $15.1 million in declared dividends and $7.8 million through share repurchases. The company maintained a production cost of $9.34 per barrel and reported a net loss of $24.2 million for the year. Looking forward, Frontera plans to invest between $30 million and $40 million in exploration in 2025, focusing on key projects like the Hidra-1 exploration well. The company also outlined a fully-funded 2025 plan targeting a production range of 41,000 to 43,000 BOE per day and generating $350 million to $380 million in upstream operating EBITDA.Strong Financial Position
Frontera Energy closed the year with a strong balance sheet, including $223 million cash position, and lowered its consolidated debt and lease liabilities by over $30 million.
Infrastructure Business Success
The infrastructure business segment delivered a 2024 adjusted infrastructure EBITDA of over $107 million. The Company received over $60 million in dividends and capital distributions from ODL.
Record Production Levels
The CPE-6 block reached a record daily production level of close to 9,000 BOE per day in the fourth quarter.
High Stakeholder Engagement
Frontera was recognized among the top 20 best companies to work in Colombia by Great Place to Work and was recognized as one of the most ethical companies by Ethisphere for the fourth consecutive year.
Return of Capital to Shareholders
Frontera returned approximately $83 million to shareholders in 2024, including $15.1 million in declared dividends and $7.8 million through the repurchase of common shares.
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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 |
|---|---|---|---|
| Mar 10, 2025 | C$6.61 | C$6.30 | -4.65% |
| Nov 07, 2024 | C$7.83 | C$7.94 | +1.38% |
| Aug 08, 2024 | C$7.14 | C$8.02 | +12.30% |
| May 08, 2024 | C$8.80 | C$8.77 | -0.34% |
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 Corporation (TSE:FEC) report earnings?
Frontera Energy Corporation (TSE:FEC) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Frontera Energy Corporation (TSE:FEC) earnings time?
Frontera Energy Corporation (TSE:FEC) earnings time is at May 01, 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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