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Crescent Point Energy Corp. (T:CPG)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 2000, 585-8Th Avenue Sw
Tel: N/A
IR: See website
Key People
Craig Bryksa
President, Chief Executive Officer, Director
Kenneth R. Lamont
Chief Financial Officer
Ryan Gritzfeldt
Chief Operating Officer
Mark G. Eade
Senior Vice President, General Counsel and Corporate Secretary
Garret Holt
Senior Vice President - Corporate Development
Michael R. Politeski
Vice President - Finance, Treasurer
Shelly Witwer
Vice President - Business Development
Business Overview
Crescent Point Energy Corp. is a Canada-based oil and gas exploration company. The Company is focused on the development of oil resource plays based in Calgary, Alberta. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta and the United States. Its operating areas include Viewfield area of southeastern Saskatchewan; Shaunavon resource play, which is located in southwest Saskatchewan; North Dakota assets, which are primarily located in Williams County focused on the development of the Bakken and Three Forks formations; Flat Lake play, which is a multi-zone resource play located in southeast Saskatchewan and is an extension of the Three Forks play in North Dakota, and Kaybob Duvernay play, which is situated in the heart of the condensate rich fairway, Central Alberta. Its wholly owned subsidiaries include Crescent Point Resources Partnership, Crescent Point Holdings Ltd. and Crescent Point U.S. Holdings Corp.
Financial Overview
For the three months ended 31 March 2022, Crescent Point Energy Corp revenues increased 79% to C$978.4M. Net income increased from C$21.7M to C$1.18B. Revenues reflect Crude oil sales segment increase of 70% to C$951M, Canada segment increase of 82% to C$932M, Oil Equivalent Prod-United states increase from 23K to 72K barrels per day. Net income benefited from Impairment (impairment reversal) increase from C$0K to C$1.48B (income).
Employees: 748 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $7,464M as of Mar 31, 2022
Annual revenue (TTM): $3,260M as of Mar 31, 2022
EBITDA (TTM): $2,282M as of Mar 31, 2022
Net annual income (TTM): $3,526M as of Mar 31, 2022
Free cash flow (TTM): $124.20M as of Mar 31, 2022
Net Debt Last Fiscal Year: $1,962M as of Mar 31, 2022
Shares outstanding: 572,649,763 as of Mar 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization