Whitecap Resources Inc. (T:WCP)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | Suite 3800, 525 - 8 Avenue S.W. CALGARY AB T2P 1G1 |
| Tel: | N/A |
| Website: | https://www.wcap.ca |
| IR: | See website |
| Key People | ||
| Mark Eden Monroe Chairman of the Board | Grant B. Fagerheim President, Chief Executive Officer, Director | Thanh C. Kang Chief Financial Officer, Senior Vice President |
| Joel M. Armstrong Senior Vice President - Production and Operations | Darin R. Dunlop Senior Vice President - Engineering | David M. Mombourquette Senior Vice President - Business Development and IT |
| Jeffery B. Zdunich Vice President - Finance and Controller | P. Gary Lebsack Vice President - Commercial Negotiations | |
| Business Overview |
| Whitecap Resources Inc. is a Canadian clean energy company. The Company is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. Its core areas include the West Division and East Division. Its West Division is comprised of three regions: Smoky, Kaybob and Peace River Arch (PRA). The properties in its Smoky region include Kakwa and Resthaven, all located in Northwest Alberta. The primary reservoir being developed is the Montney resource play, mainly comprised of condensate-rich natural gas. Kaybob is located in the Fox Creek region of Northwest Alberta. The primary reservoir being developed is the Duvernay resource play, mainly comprised of condensate-rich natural gas. The PRA is its original asset area. Its East Division is comprised of four regions: Central AB, West Sask, East Sask and Weyburn. Its Central Alberta region represents the bulk of its Cardium and liquids-rich Mannville assets. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Whitecap Resources Inc revenues decreased 18% to C$3.23B. Net income decreased 47% to C$889M. Revenues reflect Crude oil segment decrease of 18% to C$2.97B, Natural Gas Production decrease of 20% to 51.88B cubic feet. Net income also reflects Development Costs increase of 41% to C$931.5M, Impairment expense (reversal) decrease from C$660.5M (income) to C$0K. Dividend per share increased from C$0.36 to C$0.62. |
| Employees: | 542 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $3,230M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,890M as of Dec 31, 2023 |
| Net annual income (TTM): | $889.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | $244.80M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,383M as of Dec 31, 2023 |
| Shares outstanding: | 597,969,748 as of Jan 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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