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Pieridae Energy Ltd (TSE:PEA)
TSX:PEA
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.11Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 23.53%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced outlook. While the company achieved significant milestones like debt repayment and equity raising, it faced challenges such as production shut-ins and operating cost pressures. The anticipation of future sulphur revenue growth and strong hedge gains provide optimism for the future.Company Guidance
During the Pieridae Energy Q4 and Full Year 2024 Financial Results Conference Call, the company provided extensive guidance on their strategic milestones and financial performance. Key achievements in 2024 included the completion of the Goldboro sale, which allowed Pieridae to fully repay a $20 million bridge loan, and a $33.5 million equity raise directed towards debt reduction and high-return optimization projects. The company also completed Phase 2 of the Waterton gas plant maintenance turnaround. Despite persistent low natural gas prices, Pieridae's financial hedge position yielded a full-year hedge gain of $74 million, contributing to a net operating income of $65 million for 2024. Their production averaged 27,800 BOE per day for the year, although Q4 production was lower at 22,600 BOE per day due to strategic shut-ins. Additionally, the company reported capital expenditures of $26 million for the year, primarily aimed at facility optimizations. With a PDP net asset value of $312 million and a 2P NAV of $941 million, the shares are considered undervalued compared to their net asset value. Looking to the future, Pieridae plans to capitalize on the expiration of a fixed-price sulphur contract in 2025, potentially generating significant additional cash flow given current sulphur market prices.Goldboro Sale and Debt Repayment
The sale of the Canadian East Coast LNG facility in Nova Scotia helped Pieridae Energy fully repay the remaining $20 million principal amount on the bridge loan, decreasing debt servicing costs and simplifying business operations.
Successful Equity Raise
Pieridae Energy completed a $33.5 million equity raise through a private placement and an equity rights offering, with proceeds partially allocated to existing debt and working capital liabilities.
Waterton Gas Plant Turnaround
The successful completion of Phase 2 of the Waterton gas plant maintenance turnaround means the next turnaround is not scheduled until 2029.
Strong Hedge Gains
The company generated a full-year hedge gain of $74 million, providing financial stability despite low gas prices.
Sulphur Market Opportunity
Pieridae Energy anticipates significant sulphur revenue growth starting in 2026, with current market prices around $200 per metric ton.
TSE:PEA 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
TSE:PEA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $0.34 | $0.34 | 0.00% |
Mar 20, 2025 | $0.27 | $0.28 | +3.70% |
Nov 07, 2024 | $0.22 | $0.22 | 0.00% |
Aug 13, 2024 | $0.34 | $0.34 | 0.00% |
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.
FAQ
When does Pieridae Energy Ltd (TSE:PEA) report earnings?
Pieridae Energy Ltd (TSE:PEA) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is Pieridae Energy Ltd (TSE:PEA) earnings time?
Pieridae Energy Ltd (TSE:PEA) earnings time is at Aug 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:PEA EPS forecast?
Currently, no data Available