Advantage Energy Ltd. (T:AAV)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | Millennium Tower Suite 2200, 440 2 Avenue S.W. CALGARY AB T2P 5E9 |
| Tel: | N/A |
| Website: | https://www.advantageog.com |
| IR: | See website |
| Key People | ||
| Michael E. Belenkie President, Chief Executive Officer, Director | Craig Blackwood Chief Financial Officer | Neil Bokenfohr Senior Vice President |
| John Quaife Vice President - Finance | David Sterna Vice President - Marketing and Commercial | Geoff Keyser Vice President - Corporate Development |
| Darren Tisdale Vice President - Geosciences | Jay P. Reid Corporate Secretary | |
| Business Overview |
| Advantage Energy Ltd. is a Canada-based energy producer. The Company is focused on development and delineation of its world class Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla and Progress, Alberta. Its Montney assets are located from approximately four to 80 kilometers (km)northwest of the city of Grande Prairie, Alberta. The Company land holdings consist of approximately 224 net sections (143,360 net acres) of liquids rich Montney lands at Glacier, Valhalla, Progress and Pipestone/Wembley. It also holds 163 net sections of Charlie Lake. |
| Financial Overview |
| For the nine months ended 30 September 2024, Advantage Energy Ltd revenues decreased 6% to C$349.5M. Net income decreased 92% to C$4.6M. Revenues reflect Natural gas segment decrease of 30% to C$178.6M. Net income also reflects Depreciation increase of 38% to C$144.9M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from C$0.36 to C$0.03. |
| Employees: | 86 as of Sep 30, 2024 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,763M as of Sep 30, 2024 |
| Annual revenue (TTM): | $488.84M as of Sep 30, 2024 |
| EBITDA (TTM): | $229.26M as of Sep 30, 2024 |
| Net annual income (TTM): | $45.62M as of Sep 30, 2024 |
| Free cash flow (TTM): | $18.81M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | $660.95M as of Sep 30, 2024 |
| Shares outstanding: | 166,972,093 as of Sep 30, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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