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Frontera Energy Corporation (T:FEC)

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

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: 2000, 222-3 Avenue SW
CALGARY AB T2P 0B9
Tel: N/A
Website: https://www.fronteraenergy.ca
IR: See website
Key People
Orlando Cabrales Segovia
Chief Executive Officer, Director
Rene Burgos Diaz
Chief Financial Officer
Ivan Arevalo
Corporate Vice President - Operations
Renata Campagnaro
Corporate Vice President - Marketing, Logistics and Business Sustainability
Victor Vega
Corporate Vice President - Field Development, Reservoir Management & Exploration
Alejandra Bonilla
General Counsel, Secretary
Business Overview
Frontera Energy Corporation is a Canada-based oil and gas company. The Company is involved in the exploration, development, production, transportation, storage, and sale of oil and natural gas in South America, including related investments in both upstream and midstream facilities. The Company has a diversified portfolio of assets with interests in 27 exploration and production blocks in Colombia, Ecuador, and Guyana, and pipeline and port facilities in Colombia. The Company's segments include Colombia, Ecuador, Guyana, Midstream Colombia, and Canada & Others. Colombia includes all upstream business activities of exploration and production in Colombia. Ecuador includes all upstream business activities of exploration and production in Ecuador. Guyana includes exploration and infrastructure. Midstream Colombia includes the Company's investments in pipelines, storage, port, and other facilities relating to the distribution and exportation of crude oil products in Colombia.
Financial Overview
For the nine months ended 30 September 2023, Frontera Energy Corp revenues decreased 11% to $849.1M. Net income increased 14% to $101.5M. Revenues reflect Colombia segment decrease of 12% to $805.3M, Midstream Colombia segment decrease of 16% to $37.3M. Net income reflects Guyana segment loss decrease of 29% to $3.8M, Eliminations segment income increase from $27K to $113K, Development Costs decrease of 12% to $92.3M.
Employees: 855 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $974.19M as of Sep 30, 2023
Annual revenue (TTM): $1,584M as of Sep 30, 2023
EBITDA (TTM): $670.71M as of Sep 30, 2023
Net annual income (TTM): $406.27M as of Sep 30, 2023
Free cash flow (TTM): -$21.19M as of Sep 30, 2023
Net Debt Last Fiscal Year: $456.60M as of Sep 30, 2023
Shares outstanding: 84,999,616 as of Feb 28, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization