Paramount Resources Ltd. (T:POU)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 4700 Bankers Hall West 888 Third Street S.W. CALGARY AB T2P 5C5 |
| Tel: | N/A |
| Website: | https://www.paramountres.com |
| IR: | See website |
| Key People | ||
| James Hendry Riddell Chairman of the Board, President, Chief Executive Officer | Paul Robert Kinvig Chief Financial Officer | Bernard K. Lee Executive Vice President - Finance |
| D. Blake Reid Executive Vice President - Operations | Rodrigo R. Sousa Executive Vice President - Corporate Development and Planning | John B. Williams Executive Vice President, Kaybob Region |
| Business Overview |
| Paramount Resources Ltd. is a Canada-based energy company. The Company explores and develops both conventional and unconventional petroleum and natural gas. It also pursues longer-term strategic exploration and pre-development plays and holds a portfolio of investments in other entities. Its principal properties are located in Alberta and British Columbia. The Company's operations are organized into three regions: the Grande Prairie Region, located in the Peace River Arch area of Alberta, which is focused on Montney developments at Karr and Wapiti; the Kaybob Region, located in west-central Alberta, which includes the Kaybob North Duvernay development, the Kaybob North Montney oil development and other shale gas and conventional natural gas producing properties, and the Central Alberta and Other Region, which includes the Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Paramount Resources Ltd revenues decreased 18% to C$1.8B. Net income decreased 31% to C$470.2M. Revenues reflect Natural gas segment decrease of 48% to C$349.1M, Oil Equv. Prod. (Bbl/D)- Kaybob decrease of 23% to 17K barrels per day. Net income also reflects Avg. Production Costs per Barrel, Total increase of 3% to C$12.9 per barrel. |
| Employees: | 455 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $4,172M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,799M as of Dec 31, 2023 |
| EBITDA (TTM): | $822.20M as of Dec 31, 2023 |
| Net annual income (TTM): | $470.40M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$228.50M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 145,606,023 as of Apr 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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