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Pieridae Energy
(TSX:PEA)
Pieridae Energy (PEA) vs. iShares MSCI Canada ETF (EWC)
Pieridae Energy Business Overview & Revenue Model
Pieridae Energy Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 222.77M | 368.14M | 487.83M | 334.65M | 238.08M |
| Gross Profit | 141.54M | 60.98M | 356.20M | 254.81M | -18.98M |
| EBITDA | 36.87M | 103.96M | 176.49M | 42.10M | -7.82M |
| Net Income | -38.91M | 8.98M | 146.58M | -87.99M | -160.44M |
Balance Sheet | |||||
| Total Assets | 612.42M | 638.54M | 615.48M | 622.54M | 612.65M |
| Cash, Cash Equivalents and Short-Term Investments | 8.58M | 18.33M | 22.27M | 26.22M | 11.07M |
| Total Debt | 172.51M | 175.73M | 206.94M | 234.31M | 222.57M |
| Total Liabilities | 444.00M | 464.13M | 500.72M | 655.75M | 608.27M |
| Stockholders Equity | 168.43M | 174.75M | 115.10M | -32.83M | 4.65M |
Cash Flow | |||||
| Free Cash Flow | -18.57M | 48.66M | 48.64M | 16.20M | -16.33M |
| Operating Cash Flow | 7.13M | 104.20M | 88.17M | 51.12M | 909.00K |
| Investing Cash Flow | -18.15M | -58.90M | -28.86M | -33.51M | -13.67M |
| Financing Cash Flow | 1.26M | -49.25M | -63.10M | -2.80M | 14.25M |
Pieridae Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $147.64M | 15.45 | 2.85% | ― | -9.43% | -31.07% | |
65 Neutral | C$91.48M | 4.97 | 24.95% | ― | 56.21% | ― | |
60 Neutral | C$79.16M | 4.40 | -1.29% | 6.77% | 17.52% | -105.04% | |
60 Neutral | C$104.31M | 4.61 | 4.01% | ― | -18.67% | -46.91% | |
58 Neutral | $95.83M | ― | -21.67% | ― | -42.15% | -117.23% | |
58 Neutral | $63.84M | 10.15 | 7.06% | ― | -6.52% | ― | |
52 Neutral | C$2.96B | -1.04 | -3.46% | 5.84% | 3.01% | -47.13% |
Pieridae Energy Corporate Events
Cavvy Energy Ltd. has officially changed its name from Pieridae Energy Limited, effective May 9, 2025, following shareholder and Toronto Stock Exchange approval. The company’s shares will begin trading under the new name and ticker symbol ‘CVVY’ on May 13, 2025. Additionally, Cavvy Energy has transitioned from federal jurisdiction to provincial jurisdiction under Alberta’s Business Corporations Act, adopting new by-laws in the process. This strategic move reflects the company’s commitment to aligning its operations more closely with its regional focus and enhancing its governance framework.
Spark’s Take on TSE:PEA Stock
According to Spark, TipRanks’ AI Analyst, TSE:PEA is a Neutral.
TSE:PEA’s overall score reflects mixed performance. Financial performance remains a significant challenge, with revenue volatility and profitability issues. However, positive technical momentum and strategic accomplishments in debt reduction provide some optimism. Valuation is currently unattractive due to negative earnings. The company’s future potential is contingent on addressing operational and financial challenges effectively.
To see Spark’s full report on TSE:PEA stock, click here.
Pieridae Energy has announced the results of its Annual and Special Meeting of Shareholders, where all proposed resolutions were approved, including a name change to Cavvy Energy Ltd. The company plans to begin trading under the new name and symbol ‘CVVY’ on the TSX shortly, marking a significant step in its strategic rebranding. Additionally, the company will transition from federal to provincial jurisdiction in Alberta, and has welcomed two new directors to its board, reflecting a shift in its governance structure.
Spark’s Take on TSE:PEA Stock
According to Spark, TipRanks’ AI Analyst, TSE:PEA is a Neutral.
TSE:PEA’s overall score reflects mixed performance. Financial performance remains a significant challenge, with revenue volatility and profitability issues. However, positive technical momentum and strategic accomplishments in debt reduction provide some optimism. Valuation is currently unattractive due to negative earnings. The company’s future potential is contingent on addressing operational and financial challenges effectively.
To see Spark’s full report on TSE:PEA stock, click here.
Pieridae Energy Limited reported strong financial results for Q1 2025, driven by production reactivation and strategic financial decisions. The company generated a net operating income of $32.6 million and reduced its net debt by $12.1 million. Key activities included restarting previously shut-in gas volumes due to improved market conditions, monetizing a portion of future gas hedge positions, and increasing third-party gas processing volumes. These actions have positioned Pieridae to focus on debt reduction and growth in its third-party gathering and processing business, while also proposing a name change to Cavvy Energy Ltd.
Spark’s Take on TSE:PEA Stock
According to Spark, TipRanks’ AI Analyst, TSE:PEA is a Neutral.
Pieridae Energy shows mixed performance. Strengths include positive technical momentum and strategic achievements like debt reduction, while weaknesses are reflected in financial performance with volatility in revenue and profitability challenges. The valuation remains unattractive due to negative earnings and lack of dividends. Overall, the stock is moderately positioned with potential for improvement if operational and financial challenges are addressed.
To see Spark’s full report on TSE:PEA stock, click here.
Pieridae Energy announced it will release its first quarter 2025 financial and operating results on May 7, 2025, after market close. The company will host a conference call and webcast on May 8, 2025, to discuss these results and recent developments, which could provide insights into its operational performance and strategic direction.
Pieridae Energy Limited has announced its intention to change its name to Cavvy Energy Ltd., pending shareholder approval at its upcoming meeting. This rebranding aligns with the company’s strategic shift towards focusing on its western Canadian upstream and midstream business, having divested its east coast LNG assets. The name ‘Cavvy’ is inspired by western ranching traditions, reflecting the company’s values and Canadian roots. The name change, subject to regulatory approval, will see the company trading under the new stock symbol ‘CVVY’ on the Toronto Stock Exchange shortly after the effective date.
Pieridae Energy Limited reported its financial and operational results for the fourth quarter and full year 2024, highlighting significant strategic milestones. The company achieved a net operating income of $64.6 million and managed to reduce operating expenses by 17% compared to 2023. Pieridae also completed the divestiture of its legacy LNG assets and repaid a high-cost bridge loan, raising over $33 million in equity to invest in production and optimization projects. Despite a net loss of $38.9 million, the company has positioned itself for future growth by focusing on cost reduction, debt repayment, and capitalizing on new opportunities. Key priorities for 2025 include repositioning its sulphur business and consolidating shut-in raw gas into its Caroline Gas Plant.