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Frontera Energy
(TSX:FEC)
Frontera Energy (FEC) vs. S&P 500 (SPY)
Frontera Energy Business Overview & Revenue Model
Frontera Energy Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.13B | 1.15B | 1.37B | 926.63M | 658.19M | Gross Profit |
| 212.78M | 516.50M | 506.77M | 350.97M | -187.13M | EBIT |
| 116.66M | 154.17M | 467.31M | 332.13M | -241.25M | EBITDA |
| 390.90M | 523.25M | 777.26M | 807.66M | -142.70M | Net Income Common Stockholders |
| -24.16M | 193.50M | 286.62M | 628.13M | -481.91M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 192.58M | 159.67M | 289.85M | 257.50M | 232.29M | Total Assets |
| 2.90B | 3.02B | 2.74B | 2.61B | 2.06B | Total Debt |
| 506.04M | 536.82M | 511.55M | 560.13M | 538.24M | Net Debt |
| 313.46M | 377.15M | 221.71M | 302.63M | 305.96M | Total Liabilities |
| 1.17B | 1.18B | 1.15B | 1.16B | 1.30B | Stockholders Equity |
| 1.72B | 1.82B | 1.58B | 1.40B | 703.85M |
| Cash Flow | Free Cash Flow | |||
| 159.38M | -24.60M | 204.82M | 15.62M | 129.04M | Operating Cash Flow |
| 510.03M | 411.79M | 620.48M | 327.38M | 226.78M | Investing Cash Flow |
| -339.25M | -484.32M | -383.27M | -186.94M | -178.53M | Financing Cash Flow |
| -128.86M | -62.66M | -193.60M | -108.38M | -132.53M |
Frontera Energy Technical Analysis
Frontera Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $58.47B | 10.01 | 13.82% | 4.83% | 3.25% | -25.69% | |
72 Outperform | $5.12B | 10.55 | 11.22% | 1.56% | -8.92% | -5.46% | |
71 Outperform | C$23.27B | 17.56 | 8.55% | 2.44% | -8.29% | -30.52% | |
68 Neutral | $1.79B | 7.88 | 5.99% | 4.06% | 22.71% | ― | |
67 Neutral | $29.18B | 9.53 | 10.88% | 4.60% | 3.97% | -22.22% | |
57 Neutral | $7.70B | 4.18 | -3.52% | 8.32% | 0.35% | -64.68% | |
53 Neutral | $395.75M | 4.28 | -1.37% | 4.96% | -1.54% | -113.55% |
Frontera Energy Earnings Call Summary
Frontera Energy Corporate Events
Frontera Energy and CGX Energy, through their joint venture, have received a notice from the Government of Guyana stating the termination of their Petroleum Agreement and Prospecting License for the Corentyne block offshore Guyana. Despite the government’s position, the joint venture maintains that their interests and license remain valid and seeks an amicable resolution with the government. They are prepared to assert their legal rights if necessary and are eager to continue their investments to benefit both the people of Guyana and their shareholders.
Frontera Energy Corporation has been named one of the 2025 World’s Most Ethical Companies by Ethisphere for the fifth consecutive year, highlighting its dedication to business integrity through robust ethics, compliance, and governance programs. This recognition places Frontera among only two honorees in the Oil & Gas industry, reflecting its commitment to integrity and transparency, which fosters trust with stakeholders and enhances its industry positioning.
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.
Frontera Energy Corporation has announced the release of its financial and operational results for the fourth quarter and year-end 2024, along with its year-end reserves and an operational update scheduled for March 10, 2025. The company plans a conference call on the same day for investors and analysts to discuss these results. This announcement highlights Frontera’s continued focus on transparency and communication with stakeholders, potentially impacting investor confidence and market positioning.
Frontera Energy and CGX Energy have received a communication from the Government of Guyana regarding the termination of their Petroleum Prospecting License for the Corentyne block offshore Guyana. The Government claims there are no grounds for extending the license and has issued a notice of its intention to cancel it. The joint venture is evaluating legal options to defend its interests, while remaining committed to resolving the issue to continue their investments in Guyana.
Frontera Energy Corporation has completed an additional substantial issuer bid, repurchasing 3,500,000 common shares at $12.00 per share for a total of $42 million. This move, following a successful issuer bid in October 2024, demonstrates the company’s commitment to returning value to its shareholders and indicates a proactive approach in managing its share capital, with plans to initiate further share repurchases in the future.
Frontera Energy Corporation announced the preliminary results of its substantial issuer bid, where it aimed to repurchase up to CAD$42 million of its outstanding common shares at CAD$12.00 per share. The offer was oversubscribed, with approximately 73.18 million shares tendered, resulting in shareholders having about 4.78% of their tendered shares purchased. This move is expected to reduce the number of issued and outstanding shares to approximately 77.29 million, reflecting Frontera’s strategy to manage its capital structure effectively.