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Tamarack Valley Energy Ltd (TSE:TVE)
TSX:TVE
Holding TSE:TVE?
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.38Last Year’s EPS
0.1Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 27.04%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted robust production growth, significant reductions in capital and operating costs, and strong financial performance with increased shareholder returns. However, infrastructure capacity challenges at Charlie Lake were noted. Overall, the positive aspects significantly outweigh the challenges.Company Guidance
During the Q3 2024 earnings call for Tamarack Valley Energy Limited, the company provided detailed guidance and metrics reflecting strong operational and financial performance. Production volumes averaged 65,024 BOE per day, with a notable increase in Clearwater production to 43,300 BOE per day, representing a 15% year-on-year rise. The company's waterflood initiatives are expected to grow injection volumes from 8,650 to 14,000 barrels per day by year-end, aiming to support over 90% of Clearwater production. Additionally, Tamarack achieved production of 16,200 BOEs per day at Charlie Lake, with impressive IP30 rates of 1,320 BOEs per day for new wells. Financially, adjusted funds flow was approximately $220 million, and free funds flow reached $109 million for the quarter, marking a 72% increase in free funds flow per share year-over-year. The company also announced a modest 2% increase in its monthly dividend, continuing its strategy of capital return to shareholders while maintaining a strong balance sheet with net debt reduced to just over $807 million.Increased Production Volumes
Production volumes averaged 65,024 BOE per day, driven by Clearwater and Charlie Lake drilling programs and ongoing waterflood initiatives.
Clearwater Production Growth
Q3 '24 Clearwater production increased to 43,300 BOE per day, reflecting a 15% or 19% per share increase year-on-year.
Reduction in Capital Costs
A 5% reduction in per meter cost across the Clearwater development program, highlighted by a 15% or approximately $10 million reduction in capital in the Marten Hills area.
Record Adjusted Funds Flow
Tamarack delivered adjusted funds flow of approximately $220 million during the third quarter and generated free funds flow of approximately $109 million.
Significant Share Buybacks
Repurchased 12.3 million common shares during the quarter, with a total repurchase value of approximately $83 million for the first 9 months of the year.
Reduction in Net Debt
Net debt reduced by approximately $176 million year-to-date, with a third quarter exit net debt of just over $807 million.
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TSE:TVE 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:TVE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | C$3.87 | C$4.13 | +6.75% |
| Aug 01, 2024 | C$4.04 | C$3.89 | -3.64% |
| May 08, 2024 | C$3.62 | C$3.66 | +1.08% |
| Feb 28, 2024 | C$3.25 | C$3.23 | -0.83% |
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 Tamarack Valley Energy Ltd (TSE:TVE) report earnings?
Tamarack Valley Energy Ltd (TSE:TVE) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Tamarack Valley Energy Ltd (TSE:TVE) earnings time?
Tamarack Valley Energy Ltd (TSE:TVE) earnings time is at Feb 25, 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:TVE EPS forecast?
TSE:TVE EPS forecast for the fiscal quarter 2024 (Q4) is 0.38.
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