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NXT Energy Solutn J (TSE:SFD)
TSX:SFD
Canadian Market
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NXT Energy Solutn (SFD) AI Stock Analysis

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TSE:SFD

NXT Energy Solutn

(TSX:SFD)

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Neutral 44 (OpenAI - 5.2)
Rating:44Neutral
Price Target:
C$0.35
▼(-12.75% Downside)
Action:Reiterated
Date:08/11/26
The score is held down primarily by weak financial performance (sharp TTM revenue decline, deep losses, and cash burn), with only partial offset from currently manageable leverage. Technical indicators also point to a mildly bearish setup (price below key moving averages and negative MACD). Valuation provides limited support because the company is loss-making (negative P/E) and no dividend yield is indicated.
Positive Factors
Proprietary Technology / Differentiated Offering
NXT’s proprietary SFD® method is a durable competitive asset: it differentiates service offerings to upstream explorers, can reduce client exploration risk, and supports value-based pricing or licensing. Proprietary tech creates barriers to entry and underpins long-term client relationships when exploration budgets return.
Negative Factors
Sharp Revenue Decline and Demand Volatility
The company’s revenue is highly cyclical and has declined sharply, eroding top-line stability. Persistent demand volatility in upstream exploration undermines fixed-cost coverage and predictability of contract awards, making multi-month planning and revenue recovery timelines uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary Technology / Differentiated Offering
NXT’s proprietary SFD® method is a durable competitive asset: it differentiates service offerings to upstream explorers, can reduce client exploration risk, and supports value-based pricing or licensing. Proprietary tech creates barriers to entry and underpins long-term client relationships when exploration budgets return.
Read all positive factors

NXT Energy Solutn (SFD) vs. iShares MSCI Canada ETF (EWC)

NXT Energy Solutn Business Overview & Revenue Model

Company Description
NXT Energy Solutions, Inc. engages in the provision of airborne, gravity-based geophysical survey to companies involved in oil and gas exploration and production. It offers the Stress Field Detection survey method used to identify trapped subsurfa...
How the Company Makes Money
NXT Energy Solutions makes money primarily by providing SFD® survey services to oil and gas exploration companies and other parties seeking exploration leads. Revenue is generated through customer contracts for the planning, execution, processing,...

NXT Energy Solutn Earnings Call Summary

Earnings Call Date:Mar 27, 2024
(Q4-2023)
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% Change Since: |
Next Earnings Date:Nov 17, 2026
Earnings Call Sentiment Neutral
The earnings call reflected both positive developments, such as revenue generation from the Turkish SFD Survey and strategic alliances, as well as challenges including ongoing net losses, negative working capital, and lower than expected margins. Improvements in G&A expenses and working capital suggest cost management is improving, but there are concerns regarding the company's public image and ability to capture growth opportunities. The sentiment leans towards balanced given the mix of progress and challenges.
Positive Updates
Turkish SFD Survey Revenue
Recorded SFD-related revenues of approximately $2.15 million for work completed up to December 31, 2023.
Negative Updates
Negative Working Capital
Ended the quarter with negative working capital of $1.86 million despite improvement from previous quarter.
Read all updates
Q4-2023 Updates
Negative
Turkish SFD Survey Revenue
Recorded SFD-related revenues of approximately $2.15 million for work completed up to December 31, 2023.
Read all positive updates
Company Guidance
During the NXT Energy Solutions Q4 2023 earnings call, the company provided several key financial metrics and forward-looking statements. Revenue from the Turkish SFD survey was approximately $2.15 million for work completed by December 31, 2023, while cash stood at $0.4 million and net working capital was a negative $1.86 million, improving from a negative $3.47 million in the previous quarter. NXT recorded a net loss of approximately $0.43 million, or $0.01 per share, with 78 million weighted average common shares outstanding, a slight improvement from the previous year's loss of $1.47 million. General and administrative expenses decreased by 5% in the quarter compared to 2022. The company also highlighted its strategic initiatives for 2024, including a focus on diversifying its client base and geographic reach, improving cost efficiency, and enhancing shareholder value through increased revenues.

NXT Energy Solutn Financial Statement Overview

Summary
Overall fundamentals are weak. The income statement shows sharp TTM revenue decline (-41.5%) and very large losses with negative gross and net margins, while cash flow is also negative in TTM (operating and free cash flow about -$2.6M). The balance sheet is currently not highly levered (debt-to-equity ~0.17 TTM), but historical inconsistency (negative equity in 2024) elevates financing/dilution risk.
Income Statement
18
Very Negative
Balance Sheet
55
Neutral
Cash Flow
28
Negative
BreakdownTTMMar 2026Dec 2024Dec 2023Mar 2023Mar 2022
Income Statement
Total Revenue2.34M16.35M644.29K2.15M0.003.13M
Gross Profit-2.59M8.67M-3.26M-1.86M-1.77M133.60K
EBITDA-5.50M617.32K-6.44M-3.53M-4.93M-1.31M
Net Income-7.99M-2.32M-9.08M-5.45M-6.77M-3.12M
Balance Sheet
Total Assets14.78M19.31M14.03M15.18M15.58M21.58M
Cash, Cash Equivalents and Short-Term Investments1.72M3.92M730.39K401.71K263.44K2.81M
Total Debt1.77M2.15M12.19M4.78M2.18M2.90M
Total Liabilities4.07M4.45M14.29M6.64M3.48M3.43M
Stockholders Equity10.71M14.86M-262.66K8.55M12.09M18.16M
Cash Flow
Free Cash Flow-2.61M1.07M-4.00M-4.86M-2.93M-1.10M
Operating Cash Flow-2.57M1.16M-3.98M-4.83M-2.93M-1.03M
Investing Cash Flow-183.87K-439.11K-27.03K-32.32K550.00K-274.05K
Financing Cash Flow2.13M2.21M4.31M5.01M389.22K875.43K

NXT Energy Solutn Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.40
Price Trends
50DMA
0.40
Negative
100DMA
0.40
Negative
200DMA
0.37
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
46.07
Neutral
STOCH
77.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SFD, the sentiment is Negative. The current price of 0.4 is above the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.40, and above the 200-day MA of 0.37, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.07 is Neutral, neither overbought nor oversold. The STOCH value of 77.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SFD.

NXT Energy Solutn Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
C$701.55M11.288.75%-14.91%442.58%
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
65
Neutral
C$151.13M851.432.74%11.64%-68.67%-98.32%
60
Neutral
C$2.89B38.289.99%0.65%46.42%4.72%
59
Neutral
C$144.56M48.243.39%28.46%41.76%
57
Neutral
C$12.32M7.196.04%19.80%-93.88%
44
Neutral
C$44.60M-5.51-91.33%-83.49%-72.98%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SFD
NXT Energy Solutn
0.37
-0.47
-55.95%
TSE:CFW
Calfrac Well Services
6.94
3.60
107.66%
TSE:E
Enterprise
1.78
0.35
24.48%
TSE:PSD
Pulse Seismic
2.98
-0.71
-19.22%
TSE:TVK
TerraVest
129.77
-6.70
-4.91%
TSE:HWO
High Arctic Energy Services
0.92
0.09
10.84%

NXT Energy Solutn Corporate Events

Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
NXT Energy Solutions Prepares New Global Surveys as Q2 Revenue Dips
Negative
Aug 6, 2026
NXT Energy Solutions reported second-quarter 2026 results that reflect a lull between major survey execution phases, with no SFD-related revenue in the quarter and just $0.11 million year-to-date, down sharply from the prior year’s African s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 11, 2026