Whitecap Resources Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,170	3,338	3,230	3,919	2,278
Revenue Growth (YoY)	54.88%	3.34%	-17.57%	72.01%	180.94%
Cost of Revenue	2,045	1,263	1,203	1,194	802.2
Gross Profit	3,125	2,075	2,027	2,725	1,476
Selling, General & Admin	122.5	63.8	57.1	52.6	41
Other Operating Expenses	-291.1	53.6	-118.1	214.5	318.5
Operating Expenses	1,607	1,154	850.7	451.1	-922
Operating Income	1,518	921	1,176	2,273	2,398
Interest Expense	-141.3	-89.8	-83.5	-39.9	-36.9
EBT Excluding Unusual Items	1,377	831.2	1,093	2,234	2,361
Merger & Restructuring Charges	-58.7	-2.3	-	-11.2	-12.1
Gain (Loss) on Sale of Assets	7.6	246.4	78	2.3	23.3
Pretax Income	1,326	1,075	1,171	2,225	2,372
Income Tax Expense	341	263	281.7	548.5	595.5
Net Income	984.6	812.3	889	1,676	1,777
Net Income to Common	984.6	812.3	889	1,676	1,777
Net Income Growth	21.21%	-8.63%	-46.96%	-5.66%	-
Shares Outstanding (Basic)	993	595	605	617	599
Shares Outstanding (Diluted)	997	598	609	621	603
Shares Change (YoY)	66.75%	-1.73%	-2.01%	2.99%	47.68%
EPS (Basic)	0.99	1.37	1.47	2.72	2.97
EPS (Diluted)	0.99	1.36	1.46	2.70	2.95
EPS Growth	-27.21%	-6.85%	-45.93%	-8.48%	-
Free Cash Flow	609.4	696.8	617.6	1,497	695.5
Free Cash Flow Per Share	0.61	1.17	1.01	2.41	1.15
Dividend Per Share	0.730	0.730	0.606	0.390	0.206
Dividend Growth	-	20.50%	55.26%	89.10%	-3.51%
Gross Margin	60.44%	62.15%	62.75%	69.53%	64.79%
Operating Margin	29.36%	27.59%	36.41%	58.02%	105.26%
Profit Margin	19.05%	24.34%	27.52%	42.77%	77.99%
Free Cash Flow Margin	11.79%	20.88%	19.12%	38.19%	30.53%
EBITDA	3,247	1,941	2,075	2,455	5,126
EBITDA Margin	62.80%	58.14%	64.23%	62.66%	225.01%
D&A For EBITDA	1,729	1,020	898.3	182	2,728
EBIT	1,518	921	1,176	2,273	2,398
EBIT Margin	29.36%	27.59%	36.41%	58.02%	105.26%
Effective Tax Rate	25.72%	24.46%	24.06%	24.66%	25.10%
Revenue as Reported	5,511	3,322	3,382	3,740	1,984

Source: S&P Global Market Intelligence. Standard template. Financial Sources.