Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | 2200 - 885 West Georgia Street VANCOUVER BC V6C 3E8 |
Tel: | N/A |
Website: | https://www.alpinesummitenergy.com |
IR: | See website |
Key People | ||
Craig Perry Chairman of the Board, Chief Executive Officer | Darren Moulds Chief Financial Officer | Travis Reagan Brown Chief Administrative Officer |
William P. Wicker Chief Investment Officer | Christopher Nilan Senior Managing Director - Capital Markets | Chrystie Hale Perry Holmstrom Chief Legal Officer |
Business Overview |
Alpine Summit Energy Partners, Inc. is a Canada-based developer and financial company, which operates and develops oil and gas assets. The Company is focused on its drilling activity in the Austin Chalk and Eagle Ford formations in the Giddings and Hawkville (Webb County) Fields. The Austin Chalk directly overlies the oil-sourcing Eagle Ford formation. The Company's subsidiary is HB2 Origination, LLC. |
Financial Overview |
For the three months ended 31 March 2023, Alpine Summit Energy Partners Inc revenues increased from $12.4M to $48.5M. Net income totaled $6.5M vs. loss of $10M. Revenues reflect Unrealized losses on derivative commodit increase from -$22.6M to $18.5M. Net Income reflects Stock-based compensation decrease of 74% to $329K (expense), Employee salaries and benefits decrease of 38% to $1.5M (expense). |
Employees: | 26 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $167.30M as of Mar 31, 2023 |
Annual revenue (TTM): | $221.78M as of Mar 31, 2023 |
EBITDA (TTM): | $150.11M as of Mar 31, 2023 |
Net annual income (TTM): | $23.92M as of Mar 31, 2023 |
Free cash flow (TTM): | -$73.59M as of Mar 31, 2023 |
Net Debt Last Fiscal Year: | $132.06M as of Mar 31, 2023 |
Shares outstanding: | 53,391,061 as of Mar 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |