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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 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 three months ended 31 March 2024, Pieridae Energy Ltd revenues decreased 35% to C$80M. Net loss totaled C$6.3M vs. income of C$13.6M. Revenues reflect Petroleum and natural gas decrease of 39% to C$76.3M, Third party processing and other income decrease of 51% to C$5.2M, Unrealized (loss) gain on risk managemen decrease from C$541K to C$0K. Net loss reflects Foreign exchange loss increase from C$15K (income) to C$3.9M (expense).
Employees: 261 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $213.08M as of Mar 31, 2024
Annual revenue (TTM): $331.81M as of Mar 31, 2024
EBITDA (TTM): $68.87M as of Mar 31, 2024
Net annual income (TTM): -$10.94M as of Mar 31, 2024
Free cash flow (TTM): $30.08M as of Mar 31, 2024
Net Debt Last Fiscal Year: $161.50M as of Mar 31, 2024
Shares outstanding: 159,111,336 as of Jul 3, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization