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Frontera Energy
(TSX:FEC)
Frontera Energy (FEC) vs. iShares MSCI Canada ETF (EWC)
Frontera Energy Business Overview & Revenue Model
Frontera Energy Earnings Call Summary
Frontera Energy Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.13B | 1.13B | 1.15B | 1.37B | 926.63M | 658.19M | Gross Profit |
| 260.50M | 212.78M | 516.50M | 506.77M | 350.97M | -187.13M | EBIT |
| 100.57M | 116.66M | 154.17M | 467.31M | 332.13M | -241.25M | EBITDA |
| 385.78M | 390.90M | 523.25M | 777.26M | 807.66M | -142.70M | Net Income Common Stockholders |
| 11.87M | -24.16M | 193.50M | 286.62M | 628.13M | -481.91M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 257.50M | 192.58M | 159.67M | 289.85M | 257.50M | 232.29M | Total Assets |
| 2.61B | 2.90B | 3.02B | 2.74B | 2.61B | 2.06B | Total Debt |
| 560.13M | 506.04M | 536.82M | 511.55M | 560.13M | 538.24M | Net Debt |
| 302.63M | 313.46M | 377.15M | 221.71M | 302.63M | 305.96M | Total Liabilities |
| 1.16B | 1.17B | 1.18B | 1.15B | 1.16B | 1.30B | Stockholders Equity |
| 1.40B | 1.72B | 1.82B | 1.58B | 1.40B | 703.85M |
| Cash Flow | Free Cash Flow | ||||
| 182.33M | 159.38M | -24.60M | 204.82M | 15.62M | 129.04M | Operating Cash Flow |
| 514.55M | 510.03M | 411.79M | 620.48M | 327.38M | 226.78M | Investing Cash Flow |
| -330.71M | -339.25M | -484.32M | -383.27M | -186.94M | -178.53M | Financing Cash Flow |
| -161.90M | -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 |
|---|---|---|---|---|---|---|---|
78 Outperform | C$331.80M | 11.55 | 11.09% | ― | 24.05% | 44.00% | |
72 Outperform | $479.23M | 27.77 | 0.67% | 3.97% | -0.37% | -92.83% | |
67 Neutral | C$505.24M | 187.11 | -13.52% | ― | -3.50% | -153.25% | |
64 Neutral | C$369.87M | 47.76 | 2.74% | ― | 42.32% | ― | |
57 Neutral | $7.22B | 3.15 | -4.49% | 5.63% | 0.82% | -49.15% | |
55 Neutral | C$462.31M | ― | -6.69% | ― | 41.39% | -61.36% | |
50 Neutral | C$499.02M | 5.64 | -12.88% | ― | 11.92% | -304.98% |
Frontera Energy Corporate Events
Frontera Energy Corporation has announced the launch of a substantial issuer bid, offering to purchase up to 7,583,333 common shares for cancellation at a price of CAD$12.00 per share, totaling up to CAD$91 million. This move is part of Frontera’s strategy to return capital to shareholders, and it follows previous share repurchases and dividends, potentially yielding a 24.9% return on the company’s stock price. The board remains committed to exploring further strategic initiatives to enhance shareholder value, though no specific plans are guaranteed.
Frontera Energy Corporation has announced an increase in the consideration and maximum tender amount for its outstanding 7.875% Senior Notes due 2028, as well as amendments to certain terms of the tender offer and consent solicitation. The maximum tender amount has been raised from $65 million to $80 million, and the consent payment has been increased, potentially impacting the company’s financial strategy and stakeholder engagement by offering more favorable terms to noteholders.
Frontera Energy Corporation has announced an extension of the early tender date and consent deadline for its outstanding 7.875% Senior Notes due 2028. The extension allows noteholders additional time until June 9, 2025, to tender their notes or provide consents, with settlement expected on June 11, 2025. This move aims to facilitate the company’s cash tender offer and consent solicitation, although the requisite consents for proposed amendments have not yet been received. The company has satisfied the financing condition but reserves the right to amend or terminate the offer based on other conditions.
Frontera Energy Corporation announced the results of its 2025 annual and special meeting of shareholders, where all management-nominated directors were elected with an average approval rate of 97.19%. The meeting saw participation from shareholders representing approximately 68.69% of the company’s issued and outstanding common shares. The election of directors and the composition of the company’s committees, including the Audit Committee, Compensation and Human Resources Committee, and Corporate Governance, Nominating, and Sustainability Committee, were confirmed, which may impact the company’s strategic direction and governance.
Frontera Energy Corporation has announced a substantial issuer bid to purchase up to 7,583,333 common shares for CAD$12.00 per share, totaling CAD$91 million. This initiative is part of Frontera’s ongoing strategy to return capital to shareholders, having returned approximately US$144 million over the past year through various financial maneuvers. The offer reflects the company’s commitment to unlocking shareholder value and may lead to further strategic initiatives in the future.
Frontera Energy Corporation has successfully closed and funded the recapitalization of its interest in the ODL pipeline through a new $220 million non-recourse, secured loan. This financial maneuver allows the company to distribute significant value to investors while preserving future growth potential for its key transportation asset in Colombia. The recapitalization provides Frontera with approximately $115 million in net proceeds, enabling it to offer a substantial issuer bid to repurchase common shares. Additionally, the exclusion of Puerto Bahía from the security package grants it greater flexibility for independent financing of strategic projects, enhancing Frontera’s operational and financial positioning.
Frontera Energy Corporation has announced a cash tender offer and consent solicitation for up to $65 million of its outstanding 7.875% Senior Secured Notes due in 2028. This move is part of the company’s financial strategy to manage its debt obligations, potentially impacting its liquidity and financial flexibility. The offer includes an early tender and consent payment incentive for holders who respond by a specified deadline, indicating Frontera’s proactive approach to debt management and stakeholder engagement.
Frontera Energy Corporation reported a strong financial performance in the first quarter of 2025, with a net income of $27.5 million and an operating EBITDA of $83.5 million. The company is advancing its strategic objectives, including the recapitalization of its ODL pipeline investment through a $220 million non-recourse secured loan, which is expected to yield $115 million in net proceeds. This move is part of Frontera’s broader strategy to enhance shareholder value, which includes a $65 million substantial issuer bid and a quarterly dividend declaration. Despite facing challenges such as lower production levels, Frontera is optimistic about future growth, particularly in its infrastructure assets and potential new projects in Puerto Bahia.
Frontera Energy Corporation announced it will release its financial and operational results for the first quarter of 2025 on May 8, 2025, after market close. A conference call with key executives will follow on May 9, 2025, to discuss these results, providing stakeholders with insights into the company’s performance and strategic direction.
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.