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Tamarack Valley Energy Ltd (TNEYF)
OTHER OTC:TNEYF
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.12Last Year’s EPS
-0.06Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -13.65%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong year for Tamarack Valley Energy with record production, significant shareholder returns, and successful implementation of capital efficiency measures. Despite some operational challenges like gas plant delays, the company is well-positioned for continued growth and value creation.Company Guidance
During the conference call held on February 25, 2025, Tamarack Valley Energy Limited provided detailed guidance on their performance and future plans. For the fiscal year 2024, the company achieved an impressive annual production of 64,331 BOE per day and a record $851 million in adjusted funds flow. Their capital expenditures totaled $439 million, aligning with prior guidance, and they successfully increased 2P reserves by 8% while maintaining flat future development costs. Tamarack reported a total shareholder return of 21%, facilitated by a 6% share buyback and a 2% increase in base dividends. The company also emphasized its waterflood strategy, which significantly reduced decline rates and improved capital efficiencies, contributing to a field operating netback of $46.41 per BOE. Looking ahead to 2025, Tamarack plans to maintain production between 65,000 to 67,000 BOE per day with capital expenditures ranging from $430 million to $450 million. They anticipate further cost reductions and efficiency improvements, including drilling more wells per pad and leveraging owned infrastructure to sustain production targets.Record Year for Tamarack Valley Energy
The company achieved a record annual production of 64,331 BOE per day and delivered $851 million of adjusted funds flow, highlighting significant operational success.
Capital Efficiency and Production Growth
Tamarack deployed a disciplined capital program with a CapEx spend of $439 million, drilling additional wells without increasing the capital plan. Production in core areas saw significant growth, with Clearwater volumes up 10% and Charlie Lake up 9%.
Shareholder Returns and Debt Reduction
In 2024, Tamarack bought back 6% of outstanding shares, increased the base dividend by 2%, and achieved a total shareholder return of 21%. The company focuses on further debt reduction and plans to reach a debt-to-EBITDA ratio of 0.5 by the end of 2025.
Waterflood Success and Long-term Value Creation
The waterflood program has been successful, with ultimate recoveries of up to 3x compared to primary methods. The company has identified over 2,000 Clearwater locations for continued development, supporting long-term value creation.
Strong Reserve Metrics
Tamarack grew 2P reserves by 8% and achieved a PDP recycle ratio of 3.1x and a TPP recycle ratio of 4.2x, marking top-tier performance among peers.
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TNEYF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TNEYF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $3.15 | $3.02 | -4.13% |
| Oct 31, 2024 | $2.77 | $2.95 | +6.50% |
| Aug 01, 2024 | $2.93 | $2.80 | -4.44% |
| May 08, 2024 | $2.62 | $2.65 | +1.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tamarack Valley Energy Ltd (TNEYF) report earnings?
Tamarack Valley Energy Ltd (TNEYF) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Tamarack Valley Energy Ltd (TNEYF) earnings time?
Tamarack Valley Energy Ltd (TNEYF) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TNEYF EPS forecast?
TNEYF EPS forecast for the fiscal quarter 2025 (Q1) is 0.12.
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