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Pieridae Energy Limited (T:PEA)

Business Focus: Integrated Oil & Gas

Sector:  Energy Industry:  Integrated Oil & Gas
Company Contact
Address: 3100, 308 - 4th Ave. SW
Tel: 1-403-2615900
IR: See website
Key People
Darcy Reding
President, Chief Executive Officer, Director
Adam Gray
Chief Financial Officer
John Emery
Chief Operating Officer
Thomas Dawson
Senior Vice President - Business Development
Michael Bartley
Vice President of Human Resources
Yvonne Mcleod
Vice President - Drilling and Completions, Health, Safety, Environment and Regulatory
Michelle Cooze
General Counsel, Company Secretary
Paul Kunkel
Chief Commercial Officer
Business Overview
Pieridae Energy Limited is a Canada-based integrated midstream and upstream energy company. The Company is focused on the exploration, extraction and processing of sweet and sour natural gas and natural gas liquids. Its footprint covers over 807,000 net acres in the foothills and makes up some of the conventional gas reservoirs in North America. It owns and operates three major sour gas processing complexes at Waterton, Caroline and Jumping Pound.
Financial Overview
For the nine months ended 30 September 2023, Pieridae Energy Ltd revenues decreased 9% to C$290.3M. Net income decreased 95% to C$1.6M. Revenues reflect Petroleum and natural gas decrease of 25% to C$270.1M. Net income also reflects Depletion and depreciation increase of 13% to C$45.8M (expense), Foreign exchange loss (gain) increase from C$38K (income) to C$1.8M (expense).
Employees: 285 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $240.35M as of Sep 30, 2023
Annual revenue (TTM): $415.96M as of Sep 30, 2023
EBITDA (TTM): $133.81M as of Sep 30, 2023
Net annual income (TTM): $116.19M as of Sep 30, 2023
Free cash flow (TTM): $47.08M as of Sep 30, 2023
Net Debt Last Fiscal Year: $174.24M as of Sep 30, 2023
Shares outstanding: 159,087,336 as of Jan 2, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization