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Tenaz Energy Corp (TSE:TNZ)
:TNZ
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.09Last Year’s EPS
0.12Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 14, 2019
|% Change Since: 17.36%
|Next Earnings Date:Mar 21, 2019
Earnings Call Sentiment|Neutral
The earnings call presented a mix of strategic achievements and operational challenges. While there were declines in production and funds flow, the company's share buyback program, strategic acquisition, and strong hedging strategy highlight positive growth and future potential.Company Guidance
In the Q1 2024 earnings call for Tenaz Energy, CEO Anthony Marino reported production volumes of approximately 2,900 boe/d, slightly lower than Q4 2023 due to natural declines and reduced output from Canadian wells. The company recorded a funds flow from operations (FFO) of $7 million, with a free cash flow of $3.2 million after a capital expenditure of $3.8 million. Tenaz maintained a positive adjusted working capital of $49 million, facilitated by their share buyback program, which retired 200,000 shares at an average cost of $3.67 per share. A significant development was the acquisition of a gas processing plant and surrounding leasehold in Leduc-Woodbend for a net cost of $2.8 million, aimed at enhancing processing flexibility and potential third-party partnerships. The plant, with a current capacity of 7.5 million cubic feet per day, holds potential for expansion, which could increase capacity to 12 million cubic feet per day with minimal investment. Marino reaffirmed the 2024 production guidance of 2,700 to 2,900 boe/d and CapEx guidance of CAD 23 million to CAD 25 million, emphasizing ongoing M&A efforts in targeted international regions for higher return opportunities.Successful Share Buyback Program
Retired a total of 2 million shares at an average cost of $2.77 since the NCIB began, with 200,000 shares retired in Q1 2024 at $3.67 per share.
Strategic Acquisition of Gas Processing Plant
Acquired a gas processing plant and surrounding oil gas leasehold for $2.8 million, enhancing control over processing capabilities and offering potential for cost reduction and increased uptime.
Production and FFO Growth Since Recapitalization
Production up about 3x and FFO up 8x from Q4 2021 to 2023, with substantially improved balance sheet and increased positive adjusted working capital.
Hedging Strategy for Natural Gas
Hedged significant portions of gas production at strong prices, with 1/5 of production hedged for TTF in Q2 and Q3 2024, and 40% hedged for winter at higher prices.
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TSE:TNZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:TNZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | C$11.35 | C$13.06 | +15.07% |
| Aug 09, 2024 | C$7.00 | C$7.16 | +2.29% |
| May 09, 2024 | C$3.97 | C$4.01 | +1.01% |
| Mar 28, 2024 | C$3.60 | C$3.74 | +3.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tenaz Energy Corp (TSE:TNZ) report earnings?
Tenaz Energy Corp (TSE:TNZ) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Tenaz Energy Corp (TSE:TNZ) earnings time?
Tenaz Energy Corp (TSE:TNZ) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:TNZ EPS forecast?
TSE:TNZ EPS forecast for the fiscal quarter 2024 (Q4) is -0.09.
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