Headwater Exploration Inc. (TSX:HWX)
Canada · Delayed Price · Currency is CAD | Market Cap | 3.04B +119.4% |
| Revenue (ttm) | 514.29M +0.5% |
| Net Income | 153.21M -18.5% |
| EPS | 0.64 -19.5% |
| Shares Out | 237.76M |
| PE Ratio | 19.98 |
| Forward PE | 23.69 |
| Dividend | 0.44 (3.40%) |
| Ex-Dividend Date | Mar 31, 2026 |
| Volume | 9,566,298 |
| Average Volume | 985,932 |
| Open | 12.97 |
| Previous Close | 12.95 |
| Day's Range | 12.60 - 13.09 |
| 52-Week Range | 4.75 - 13.29 |
| Beta | 1.08 |
| RSI | 58.89 |
| Earnings Date | Mar 10, 2026 |
About Headwater Exploration
Headwater Exploration Inc. engages in the exploration, development, and production of petroleum and natural gas resources in Canada. It holds interest in the Marten Hills area located in Alberta; and the McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc. and changed its name to Headwater Exploration Inc. in March 2020. The company was incorporated in 1996 and is based in Calgary, Canada. [Read more]
Financial Performance
In 2025, Headwater Exploration's revenue was 514.29 million, an increase of 0.55% compared to the previous year's 511.50 million. Earnings were 153.21 million, a decrease of -18.52%.
Financial StatementsNews
Headwater Exploration: Profits Continue To Roll In
Headwater Exploration has a low-cost, high-profitability business model. CDDRF has growth plans to mitigate market headwinds. Consistent annual payout periods in the original core area highlight excep...
HEADWATER EXPLORATION INC. ANNOUNCES YEAR END 2025 OPERATING AND FINANCIAL RESULTS, OPERATIONS UPDATE AND DECLARES QUARTERLY DIVIDEND
CALGARY, AB , March 5, 2026 /CNW/ - Headwater Exploration Inc. (the " Company " or " Headwater ") (TSX: HWX) announces its operating and financial results for the three months and year ended December...
Headwater Exploration: Production Maintenance Goal For 2026
Headwater Exploration continues to deliver exploration success and declining costs. CDDRF's low production and development costs position it to outperform peers even in a potential recessionary downtu...
Headwater Exploration: Costs Continue To Decline As Exploration Success Continues
Headwater Exploration continues to improve profitability. CDDRF maintains a debt-free balance sheet and a sizable cash reserve. The company's low-cost operations in the Clearwater Basin could possibly...
Headwater Exploration: Production Guidance Adjusted Upwards As Costs Decline Again
Headwater Exploration Inc. boosts annual production guidance while reducing capital expenditures by $35 million. CDDRF's Clearwater basin assets outperform many industry peers despite lower commodity ...
Headwater Exploration: Cash Flow Takes A Step Backwards
Commodity price weakness led to lower cash flow and earnings despite Headwater Exploration's continued production growth this quarter. The company remains debt-free with a strong C$125 million cash ba...
High Profit And Low Debt Could Transform Headwater Exploration Into The Next Oil Star
Headwater expects to increase its production to 26,000 boe/d in 2027, representing a 30.48% increase compared to 2024. For this year, the company expects to pay a dividend yield of 6.35% to its shareh...
Headwater Exploration: Growth Continues With A Big Quarter
Headwater Exploration posted strong Q1 results, with a 33% net income jump and 13% production increase. The U.S. refining industry benefits from importing heavy oil, allowing it to sell premium light ...
Headwater Exploration: Another Record Year For The Company
Headwater Exploration has shown record earnings and production growth. The company usually reports earnings growth while paying dividends. Cash flow growth is crucial; discrepancies between GAAP and a...
Headwater Exploration: An Update That Strengthens The Investment Case
Headwater Exploration reported Q4 production of 21,500 BOED. Secondary recovery techniques are enhancing cash flow due to low decline rates. CDDRF management reports rapid payback on new acreage.
Headwater Exploration: 2025 Guidance Review
Headwater Exploration Inc.'s 2025 guidance shows a 10% growth rate and a 10% dividend increase. Strong earnings comparisons are expected to continue in 2024 as long as the oil price decline remains at...
Headwater Exploration: Relatively Strong Earnings Comparison
Headwater Exploration demonstrates resilience with strong earnings despite lower oil prices. The Clearwater basin offers low-cost production, with payback periods under one year, leading to rapid cash...
Headwater Exploration: The Growth Story Continues
Headwater Exploration shows impressive organic growth with 20,000 boe/d in 2024, projected to reach 24,000 boe/d by 2026, without dilutive acquisitions. The company boasts low operating costs and a st...
Headwater Exploration: Cash Rolls In As Earnings Climb 77% Per Share
Headwater Exploration is that rare company that can pay a decent dividend and grow production at the same time. Quarterly earnings roared ahead about 77%. The company has reported impressive earnings ...
Headwater Exploration: Slower Growth But More Profits Ahead
Headwater Exploration Inc. grew production profitably in excess of 40%. Management is concerned about the cash balance and debt-free balance sheet, leading to conservative guidance. The budget may be ...
Headwater Exploration: Slower Growth Ahead
Headwater Exploration's management expects slower growth but still projects significant growth while paying a dividend. The dividend is backed by a debt-free balance sheet and a large cash balance.
Headwater Exploration: Succession Takes Center Stage
At Headwater Exploration Inc., Neil Roszell transitions to Executive Chairman and Jason Jaskela becomes new CEO of Headwater Exploration. The company is acquiring acreage beyond the Clearwater Play. H...
Headwater Exploration: Heavy Oil Considerations
Headwater Exploration is a heavy oil producer with a strong balance sheet and a profitable heavy oil play called Clearwater. The breakeven point for Clearwater is lower than other heavy oil plays, mak...
Headwater Exploration: A Low-Cost Heavy Oil Producer With A Track Record Of Growth
Headwater Exploration is a Canadian heavy oil producer that has grown production significantly in recent years. The costs are very competitive for the company. The free cash flow will increase going f...
Headwater Exploration: Growth Continues
This heavy oil producer posted a decent profit at a time when the heavy oil discount expanded. Heavy oil profits are much more volatile than light oil profits. The company has no long-term debt and a ...
Headwater Exploration: Discoveries Ensure Healthy Future
Headwater Exploration Inc. management keeps reporting new discoveries to enlarge the company future. The debt-free balance sheet with a large cash balance protects against potential downside stock pri...
Headwater Exploration: Not In The Bargain Bin, But Still In The Buy Zone
Headwater Exploration Inc. is growing production rapidly in its low-cost, low-decline fields in Canada's Clearwater play. Low oil prices and reduced netbacks have impacted Headwater Exploration shares...
Small-Cap Energy Producers Ranked By Quality
Forty-nine small-cap energy producers are ranked on relative quality using a matrix with factors including, valuation, profitability, FCF, and debt. The quality matrix is a broad effort to identify th...
Headwater Exploration: Rapid Growth Likely To Continue
With or without management guidance, there is likely to be rapid growth for the foreseeable future. Management has begun an initial dividend. But growth is likely to be more important for the foreseea...
Headwater Exploration: Solid Upside At Moderate Risk
If you are bullish oil but are worried about stock market volatility due to a recession, what stock should you invest in for 2023? In this piece, I will look at Headwater Exploration, a pure-play heav...