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Nexera Energy Inc. (V:NGY)

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

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: #11411 - 54th Street SE
CALGARY AB T2C 5R9
Tel: N/A
Website: https://nexeraenergy.com
IR: See website
Key People
Shelby D. Beattie
President, Chief Executive Officer, Director
Michael L. Rice
Chief Financial Officer, Vice President, Secretary
Gibson C. Scott
Chief Operating Officer, Director
Business Overview
Nexera Energy Inc. is a Canada-based energy company with oil producing properties in southwest Texas. The Company is engaged in the exploration for and development of petroleum and natural gas properties, principally in Alberta, Canada and Texas, United States. Its projects include Stockdale Horizon, Lavernia, Wooden Horse, PRI Projects and DCRC Project. The Stockdale Horizon project is located in Wilson County, Texas. The Lavernia project is located in Wilson and Guadalupe Counties, Texas. The Wooden Horse project is located in Guadalupe County, Texas. The Wooden Horse has approximately four leases totaling over 500 acres in the Kingsbury field. The DCRC Project is located in Duval County, Texas. It has approximately five leases totaling 896 acres in the Piedre Lumbre and Petrox-Government Wells fields. The PRI project is located in Atascosa, Bexar and Medina Counties, Texas.
Financial Overview
For the twelve months ended 31 December 2023, Nexera Energy Inc revenues increased 12% to C$1.2M. Net loss increased 67% to C$3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Interest expense increase of 99% to C$1.4M (expense), General and administrative increase of 40% to C$1.8M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $10.43M as of Dec 31, 2023
Annual revenue (TTM): $1.18M as of Dec 31, 2023
EBITDA (TTM): -$1.32M as of Dec 31, 2023
Net annual income (TTM): -$3.00M as of Dec 31, 2023
Free cash flow (TTM): $0.55M as of Dec 31, 2023
Net Debt Last Fiscal Year: $10.09M as of Dec 31, 2023
Shares outstanding: 74,884,121 as of Feb 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization