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Logan Energy Corp
(LGN)
Logan Energy Corp (LGN) vs. iShares MSCI Canada ETF (EWC)
Logan Energy Corp Business Overview & Revenue Model
Logan Energy Corp Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 163.73M | 113.87M | 72.72M | 127.86M |
| Gross Profit | 51.08M | 62.70M | -5.65M | 88.50M |
| EBITDA | 95.62M | 50.91M | -4.07M | 61.42M |
| Net Income | 37.78M | 4.55M | -33.80M | 39.40M |
Balance Sheet | ||||
| Total Assets | 515.88M | 365.45M | 234.64M | 131.90M |
| Cash, Cash Equivalents and Short-Term Investments | 47.00K | 324.00K | 53.97M | -251.00K |
| Total Debt | 108.28M | 1.30M | 150.00K | 251.00K |
| Total Liabilities | 198.00M | 90.09M | 60.52M | 36.11M |
| Stockholders Equity | 317.88M | 275.36M | 174.12M | 95.80M |
Cash Flow | ||||
| Free Cash Flow | -84.25M | -161.41M | -61.85M | 59.47M |
| Operating Cash Flow | 107.97M | 50.43M | 23.95M | 67.11M |
| Investing Cash Flow | -184.80M | -196.20M | -68.23M | -22.11M |
| Financing Cash Flow | 76.55M | 92.10M | 98.25M | -45.00M |
Logan Energy Corp Technical Analysis
Logan Energy Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | C$989.03M | 2.80 | 24.42% | ― | 24.36% | -55.40% | |
67 Neutral | C$543.24M | 13.40 | 10.64% | ― | 40.83% | 26.01% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | C$450.32M | 27.33 | 14.00% | 21.85% | -2.90% | -31.97% | |
56 Neutral | C$913.62M | -0.30 | -88.55% | 4.07% | -2.65% | -591.26% | |
50 Neutral | C$332.66M | -8.00 | -10.39% | ― | ― | ― | |
49 Neutral | C$465.73M | -61.93 | -7.11% | ― | 77.10% | -74.02% |
Logan Energy Corp Corporate Events
Logan Energy Corp., a growth-oriented oil and gas explorer and producer with core Montney and Kaybob Duvernay assets in Alberta and British Columbia, is led by a management team with a history of generating strong returns across commodity cycles. The company’s portfolio is concentrated in high-quality, opportunity-rich resource plays in Simonette, Pouce Coupe, Flatrock and the broader Kaybob Duvernay region.
Logan has closed its previously announced $62.5 million acquisition of Montney assets in its core Simonette area, reinforcing its strategic focus in northwest Alberta. To support this expansion and strengthen its balance sheet, the company completed upsized bought-deal equity financings raising about $70 million and secured expanded credit facilities that increase its borrowing base to $250 million.
The equity raise, split between a public offering and a private placement, was used to repay indebtedness and included full exercise of the over-allotment option, underscoring investor demand for the stock. Certain directors and officers participated in the private placement under a president’s list, a related-party transaction that Logan says falls within exemptions from formal valuation and minority approval rules, while the new share issues remain subject to final TSX Venture Exchange acceptance.
The most recent analyst rating on (TSE:LGN) stock is a Buy with a C$1.25 price target. To see the full list of analyst forecasts on Logan Energy Corp stock, see the TSE:LGN Stock Forecast page.
Logan Energy Corp. has filed and received a receipt for a final short form prospectus in connection with a bought-deal offering of common shares expected to raise approximately $33 million in gross proceeds. The prospectus, available via SEDAR+, is being delivered under “access equals delivery” rules, enabling broader investor access as the company seeks fresh equity capital to support its growth strategy in Canadian resource plays.
The offering underscores Logan’s intent to fund expansion of its Montney and Duvernay assets and further establish its position as a growth player in Western Canadian oil and gas. By tapping Canadian capital markets through a bought-deal structure, Logan secures committed financing that may enhance its operational flexibility and competitive positioning in the basin, potentially benefiting existing shareholders through accelerated development plans.
The most recent analyst rating on (TSE:LGN) stock is a Buy with a C$1.25 price target. To see the full list of analyst forecasts on Logan Energy Corp stock, see the TSE:LGN Stock Forecast page.
Logan Energy Corp. has upsized its previously announced bought-deal equity offerings to approximately $65 million, driven by excess investor demand. The financing comprises a public prospectus offering and a concurrent private placement, with certain directors, officers and employees expected to participate for about $2.1 million.
The equity raise is directly tied to Logan’s $62.5 million cash acquisition of additional oil and gas assets in its core Simonette, Alberta area from a subsidiary of a publicly traded producer. Closing of the offerings is conditional on completion of the acquisition and regulatory approvals, positioning Logan to expand its core asset base and potentially strengthen its operational scale within Western Canada’s Montney-focused energy sector.
The most recent analyst rating on (TSE:LGN) stock is a Buy with a C$1.25 price target. To see the full list of analyst forecasts on Logan Energy Corp stock, see the TSE:LGN Stock Forecast page.
Logan Energy Corp. has agreed to acquire a package of Montney and Deep Basin assets in its core Simonette area from a public company subsidiary for $62.5 million, consolidating its working interest to 100%. The deal adds about 1,400 BOE/d of mostly liquids production, significant reserves and drilling locations, and is described as highly accretive, boosting reserve net asset value and supporting its long-term organic growth plan.
To fund the purchase and expand its balance sheet capacity, Logan launched $50 million of bought-deal equity offerings and increased its revolving credit facilities to $250 million, structured to keep leverage roughly neutral versus its prior 2026 budget. The combined financing and acquisition are expected to lift adjusted funds flow per share beginning in 2026, enhance the company’s Montney oil inventory, and strengthen its competitive position in Alberta’s liquids-rich resource play for existing and new shareholders.
The most recent analyst rating on (TSE:LGN) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Logan Energy Corp stock, see the TSE:LGN Stock Forecast page.
Logan Energy Corp. reported strong 2025 reserve growth, with proved developed producing reserves up 22%, total proved up 28% and total proved plus probable up 31%, while also fully replacing its annual production of 4.8 MMBOE. The company has identified 701 net Montney locations and additional Duvernay prospects, supporting a plan to grow output to more than 30,000 BOE per day by 2029, underscoring the scale of its development runway.
Despite lower forecast commodity prices for 2026-2030, the net present value of Logan’s reserves rose sharply, with PDP NPV10 up 63%, total proved up 35% and total proved plus probable up 30%, driven by stronger well performance and lower capital, operating and transportation costs. These improvements lifted net asset value per share by roughly 20% and delivered high production replacement ratios and long reserve life indices, reinforcing the company’s financial resilience and long-term growth profile for investors.
The most recent analyst rating on (TSE:LGN) stock is a Buy with a C$1.25 price target. To see the full list of analyst forecasts on Logan Energy Corp stock, see the TSE:LGN Stock Forecast page.
Logan Energy Corp. has set a 2026 capital budget of $140–$150 million, targeting average production of 15,000–16,000 BOE/d and a roughly 19% year-over-year increase in output, while forecasting a 10% reduction in unit operating and transportation costs versus 2025. The program allocates $105 million to drilling and completions, with a mix of oil- and gas-weighted wells across its Pouce Coupe and Simonette assets, and $40 million to infrastructure and other projects, including a new South Simonette oil battery and compressor station and an expansion of the Pouce Coupe 4-19 gas plant to 50 mmcf/d of compression capacity. Logan’s 2026 guidance assumes a weaker commodity price backdrop but still anticipates an operating netback after hedging of $25.35 per BOE and adjusted funds flow of about $120 million, underpinned by growing liquids weighting in the second half of the year. Operationally, the company has also drilled its first two wells at its high-potential Flatrock Montney play, an efficiency milestone that supports its strategy of extending inventory life, lowering costs and positioning for long-term production growth while keeping capital flexible to commodity price moves.
The most recent analyst rating on (TSE:LGN) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Logan Energy Corp stock, see the TSE:LGN Stock Forecast page.