Bonterra Energy (BNE) AI Stock Analysis

• Market Cap: C$200.80M
• Dividend Yield: N/A
• Average Volume (3M): 41.55K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.00
• Revenue Growth: -9.55%
• EPS Growth: -154.04%
• Country: CA
• Employees: 41
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): N/A
• Shares Outstanding: 36,574,980
• 10 Day Avg. Volume: 59,503
• 30 Day Avg. Volume: 41,553
• PEG Ratio: -0.18
• Price to Book (P/B): 0.26
• Price to Sales (P/S): 0.50
• P/FCF Ratio: -16.51
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.08
• Revenue Forecast (FY): C$263.10M

• Rating: 59 Neutral
• Price Target: C$4.50 ▲(1.12% Upside)
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is held back primarily by deteriorating TTM profitability and volatile free cash flow, despite a manageable leverage profile and still-positive operating/free cash flow. Technicals are strong with price above major moving averages and positive MACD, but momentum looks stretched (high RSI). Valuation is less supportive given losses (negative P/E), while recent corporate developments (operational expansion/acquisition and leadership change) modestly improve the outlook.

Bonterra Energy Business Overview & Revenue Model

Company Description

Bonterra Energy Corp. engages in the production and sale of crude oil, natural gas, and natural gas liquids. It primarily focuses on the development of its Cardium land within the Pembina and Willesden Green areas located in west central Alberta. The company also holds interests in the Shaunavon area located in southwest Saskatchewan, and the Prespatou area located in northeast British Columbia. Bonterra Energy Corp. is headquartered in Calgary, Canada.

How the Company Makes Money

Bonterra Energy primarily makes money through the sale of crude oil and natural gas liquids extracted from its operated wells. The company's revenue model is largely based on the market prices of these commodities, which can fluctuate due to various factors such as global demand, geopolitical events, and regulatory changes. Bonterra's key revenue streams include the production and sale of oil, natural gas, and associated products. The company also focuses on optimizing its operational efficiency and cost management to enhance profitability. Strategic partnerships and joint ventures with other energy firms can also play a role in bolstering its financial performance, though specific partnerships are not detailed in the available information.

Bonterra Energy Financial Statement Overview

Summary

Financials are mixed: TTM profitability weakened materially (revenue -5.1%, net loss; net margin -5.7% and EBIT margin ~0.7%), but leverage is still moderate (debt-to-equity ~0.30) and cash generation remains positive (operating cash flow ~$96.5M; free cash flow ~$21.6M). The key risk is earnings and free-cash-flow volatility (TTM FCF growth -38.8% and prior-period negative FCF).

Income Statement

TTM (Trailing-Twelve-Months) results weakened meaningfully: revenue fell (-5.1%) and the company swung to a net loss (net margin -5.7%), with very thin operating profitability (EBIT margin ~0.7%). This is a clear step down from 2024 (positive net income; net margin ~3.6%) and especially 2022–2023 (much stronger margins). Offsetting this, EBITDA margin remains relatively strong in TTM (~40%), but the overall earnings trajectory is volatile and currently pressured.

Balance Sheet

Leverage looks manageable for the sector: debt-to-equity is ~0.30 in TTM (and similar in 2023–2024), indicating a more conservative balance sheet versus earlier periods (notably 2020). Equity remains substantial relative to assets, providing a cushion. The key weakness is profitability on equity turning negative in TTM, which—if prolonged—could erode balance sheet strength even if leverage remains moderate.

Cash Flow

Cash generation is solid in TTM (operating cash flow of ~$96.5M) with positive free cash flow (~$21.6M). Operating cash flow is strong relative to current net income (helped by the net loss), suggesting underlying cash earnings are holding up better than reported profits. However, free cash flow declined sharply versus the prior period (TTM free cash flow growth -38.8%), and recent history shows inconsistency (negative free cash flow in 2024), highlighting variability in reinvestment needs and/or commodity-driven cash swings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	259.74M	279.96M	273.11M	384.20M	251.62M	121.64M
Gross Profit	26.65M	53.30M	95.80M	145.79M	78.41M	-3.93M
EBITDA	104.89M	137.53M	174.52M	217.17M	336.66M	-286.86M
Net Income	-14.69M	10.20M	44.94M	79.02M	179.30M	-306.89M
Balance Sheet
Total Assets	935.54M	975.04M	967.87M	919.68M	945.72M	731.86M
Cash, Cash Equivalents and Short-Term Investments	0.00	0.00	1.63M	2.03M	188.00K	62.00K
Total Debt	157.93M	156.83M	139.43M	157.45M	257.57M	300.39M
Total Liabilities	408.97M	434.40M	439.61M	439.84M	553.70M	535.23M
Stockholders Equity	526.57M	540.64M	528.26M	479.84M	392.02M	196.63M
Cash Flow
Free Cash Flow	21.58M	-8.52M	14.14M	106.35M	30.44M	-10.70M
Operating Cash Flow	96.54M	114.95M	140.62M	183.55M	96.10M	32.07M
Investing Cash Flow	-77.76M	-127.39M	-118.25M	-85.51M	-67.75M	-38.26M
Financing Cash Flow	-18.78M	12.44M	-22.38M	-98.04M	-28.36M	6.19M

Bonterra Energy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BNE, the sentiment is Positive. The current price of 4.45 is below the 20-day moving average (MA) of 5.16, below the 50-day MA of 4.82, and above the 200-day MA of 3.93, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 69.11 is Neutral, neither overbought nor oversold. The STOCH value of 83.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BNE.

Bonterra Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORC.B	76 Outperform	C$98.95M	0.82	18.65%	2.08%	10.08%	322.40%
HME	71 Outperform	C$230.17M	7.63	39.64%	8.04%	2.27%	3.61%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
KEI	64 Neutral	C$208.96M	13.84	9.49%	―	12.17%	6.99%
TPL	61 Neutral	C$177.25M	14.68	-28.62%	0.66%	12.23%	-424.88%
BNE	59 Neutral	C$200.80M	-9.29	-2.67%	―	-9.55%	-154.04%
SEI	45 Neutral	C$261.81M	-15.92	-49.86%	―	―	-27.99%

Bonterra Energy Corporate Events

Bonterra Energy Expands Charlie Lake Operations with New Wells and Strategic Acquisition

Bonterra Energy Corp. announced significant developments in its Charlie Lake operations, including the completion of two high-performing wells and a strategic acquisition to expand its core area. The acquisition will enhance production capacity and drilling opportunities, supported by a preliminary 2026 budget aimed at achieving 8% year-over-year production growth. The company plans to leverage its increased land holdings and infrastructure to optimize operations and strengthen its market position.

Bonterra Energy Sees Production Rise Amidst Financial Challenges

Bonterra Energy reported a 7% increase in year-to-date production for 2025, maintaining its production and capital expenditure guidance ranges despite a decline in crude oil prices. The company achieved an average production of 15,600 BOE per day in the first nine months of 2025, attributed to successful drilling and well reactivations. However, funds flow decreased by $16.5 million due to lower realized crude oil prices, and the company recorded a net loss primarily due to a one-time debt extinguishment cost.

Bonterra Energy Reports Increased Production Amid Financial Challenges in Q3 2025

Bonterra Energy Corp. reported its third-quarter 2025 financial results, highlighting a 7% increase in year-to-date production compared to the same period in 2024, driven by successful drilling programs and well reactivations. Despite the production increase, the company faced a decrease in funds flow due to lower crude oil prices, and reported a net loss for the nine months ended September 30, 2025, primarily due to a one-time debt extinguishment cost. The company maintained its production and capital expenditure guidance ranges, reflecting a stable operational outlook.