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Whitecap Resources Inc. (TSE:WCP)
:WCP
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.42Last Year’s EPS
0.1Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 0.81%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong operational and financial performance in 2024, with significant capital returns to shareholders and reductions in debt. While there are concerns about potential tariffs and weather-related operational challenges, the overall sentiment is positive due to the company's robust growth and strategic achievements.Company Guidance
During the Whitecap Resources Q4 and Full Year 2024 Results Conference Call, significant guidance and metrics for 2025 were provided. Whitecap achieved exceptional results in 2024 with a $1.1 billion capital program, leading to four guidance increases throughout the year. The company returned over $560 million to shareholders, which included $430 million from a base dividend of $0.73 per share and $130 million in share repurchases. They reported impressive reserve growth with debt-adjusted reserves per share increasing by 12% to 13% and attractive recycle ratios of 3.8, 2.7, and 3.3 times for different reserve categories. Whitecap's production exceeded expectations, with Montney assets achieving 17,500 BOE per day, surpassing projections by over 2,000 BOE per day. For 2025, the company forecasts average production of 176,000 to 180,000 BOEs per day with a capital budget of $1.1 billion to $1.2 billion. They expect to generate approximately $1.7 billion in fund flow and $550 million in free funds flow at $70 per barrel WTI and $2 per GJ AECO. Sensitivities were also outlined, with funds flow impacted by changes in WTI, AECO, MSW differential, and the U.S.-Canadian dollar exchange rate.Record Capital Return to Shareholders
In 2024, Whitecap Resources returned over $560 million to shareholders, including $430 million in base dividends and $130 million in share repurchases.
Exceptional Operational Performance
Production results consistently exceeded expectations, leading to four guidance increases throughout 2024.
Infrastructure Portfolio Monetization
Successfully sold parts of infrastructure for $520 million while retaining operatorship, enhancing long-term strategic goals.
Strong Reserve Growth
Debt-adjusted reserves per share grew by 12% to 13%, supported by attractive recycle ratios of 3.8x, 2.7x, and 3.3x for various reserves.
High Operational Efficiency
Musreau and Kaybob projects outperformed expectations, with significant increases in production and completion under budget.
Improved Financial Health
Reduced net debt by over $450 million, with a leverage ratio of 0.3x debt to EBITDA and $1.6 billion available credit capacity.
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TSE:WCP 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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TSE:WCP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | C$9.90 | C$10.05 | +1.52% |
| Oct 23, 2024 | C$10.24 | C$10.16 | -0.77% |
| Jul 24, 2024 | C$9.53 | C$9.89 | +3.71% |
| Apr 24, 2024 | C$10.13 | C$10.24 | +1.12% |
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 Whitecap Resources Inc. (TSE:WCP) report earnings?
Whitecap Resources Inc. (TSE:WCP) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Whitecap Resources Inc. (TSE:WCP) earnings time?
Whitecap Resources Inc. (TSE:WCP) earnings time is at Apr 23, 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 TSE:WCP EPS forecast?
TSE:WCP EPS forecast for the fiscal quarter 2025 (Q1) is 0.42.
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