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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
CALGARY AB T2P 0H7
Tel: 1-403-2615900
Website: https://pieridaeenergy.com
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 Canadian energy company. The Company is an upstream producer and midstream operator with core assets concentrated in the foothills of the Rocky Mountains. Its business is focused on developing and producing conventional raw natural gas and processing it into sales products that include natural gas liquids and sulfur. The Company processes these commodities by using its ownership in gas processing facilities in southern and central Alberta. It owns and operates three sour gas processing complexes at Waterton, Caroline and Jumping Pound. Its upstream assets include conventional gas reservoirs in North America. Across Alberta and British Columbia, its footprint stretches over one million gross acres of land, with ownership of three deep cut gas plants and more than 3,800 kilometers of pipelines. Its foothills include southern foothills, central foothills and northern foothills. Its southern foothills have three main fields: Waterton, Carbondale and Burmis.
Financial Overview
For the fiscal year ended 31 December 2023, Pieridae Energy Ltd revenues decreased 16% to C$374M. Net income decreased 94% to C$9M. Revenues reflect Petroleum and natural gas decrease of 30% to C$342.4M, Unrealized (loss) gain on risk managemen decrease from C$251K to -C$251K. Net income also reflects Depletion and depreciation increase of 9% to C$61.5M (expense), Accretion of decommissioning obligations increase of 82% to C$2.3M (expense).
Employees: 285 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $211.42M as of Dec 31, 2023
Annual revenue (TTM): $374.03M as of Dec 31, 2023
EBITDA (TTM): $93.61M as of Dec 31, 2023
Net annual income (TTM): $8.98M as of Dec 31, 2023
Free cash flow (TTM): $48.66M as of Dec 31, 2023
Net Debt Last Fiscal Year: $157.39M as of Dec 31, 2023
Shares outstanding: 159,087,336 as of Jan 2, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization