Headwater Exploration Inc. (TSE:HWX) has released an update.
Headwater Exploration Inc. reported a significant improvement in its first-quarter financial results, with a 35% increase in net sales and a 25% rise in net income compared to the previous year. Despite a slight decrease in operating cash flows, the company continues to show strong operational performance, including a 19% increase in heavy crude oil production. The firm also declared a modest increase in its quarterly dividend, reflecting its financial health and commitment to shareholder returns.
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