Income Statement Birchcliff Energy Ltd.

Stocks

BIR

CA0906971035

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 04:00:00 2026-07-09 pm EDT			5-day change	1st Jan Change
6.360 ^CAD	-1.70%		+1.92%	-14.86%

May. 13	Birchcliff Energy Posts Higher Q1 Profit, Revenue; Reaffirms 2026 Production Guidance	MT
May. 13	Earnings Flash (BIR.TO) Birchcliff Increased Its Adjusted Funds Flow and Free Funds Flow Guidance for 2026.	MT

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Published financial data: BIRCHCLIFF ENERGY LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	877M	1.2B	701M	601M	696M
Other Revenues, Total	-	4K	-695K	123K	73K
Total Revenues	877M	1.2B	700M	601M	696M
Cost of Goods Sold, Total	261M	275M	293M	292M	267M
Gross Profit	616M	922M	407M	310M	429M
Selling General & Admin Expenses, Total	30.84M	42.41M	55.91M	46.77M	44.13M
Depreciation & Amortization - (IS)	213M	214M	227M	247M	261M
Other Operating Expenses	-62.36M	-209M	79.17M	-104M	-7.06M
Other Operating Expenses, Total	181M	47.69M	362M	189M	298M
Operating Income	435M	875M	44.93M	120M	130M
Interest Expense, Total	-30.47M	-15.81M	-22.54M	-43.39M	-45.36M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-30.47M	-15.81M	-22.54M	-43.39M	-45.36M
Other Non Operating Income (Expenses)	912K	-1.43M	-5.24M	-835K	-1.53M
EBT, Excl. Unusual Items	405M	858M	17.15M	76.07M	83.32M
Gain (Loss) On Sale Of Investments	3.68M	-213K	-1.2M	-1.9M	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	409M	857M	15.95M	74.17M	83.32M
Income Tax Expense	94.26M	200M	6.17M	18.07M	18.44M
Earnings From Continuing Operations	315M	657M	9.78M	56.1M	64.87M
Net Income to Company	315M	657M	9.78M	56.1M	64.87M
Net Income - (IS)	315M	657M	9.78M	56.1M	64.87M
Preferred Dividend and Other Adjustments	4.19M	3.15M	-	-	-
Net Income to Common Incl Extra Items	310M	654M	9.78M	56.1M	64.87M
Net Income to Common Excl. Extra Items	310M	654M	9.78M	56.1M	64.87M
Per Share Items
Net EPS - Basic	1.17	2.46	0.04	0.21	0.24
Basic EPS - Continuing Operations	1.17	2.46	0.04	0.21	0.24
Basic Weighted Average Shares Outstanding	266M	266M	266M	269M	273M
Net EPS - Diluted	1.13	2.38	0.04	0.21	0.24
Diluted EPS - Continuing Operations	1.13	2.38	0.04	0.21	0.24
Diluted Weighted Average Shares Outstanding	274M	275M	272M	272M	274M
Normalized Basic EPS	0.95	2.02	0.04	0.18	0.19
Normalized Diluted EPS	0.92	1.95	0.04	0.17	0.19
Dividend Per Share	0.02	0.07	0.8	0.4	0.12
Payout Ratio	4.3	3.62	2.18K	192.22	50.5
American Depositary Receipts Ratio (ADR)	3	3	3	3	3
Supplemental Items
EBITDA	649M	1.09B	273M	359M	379M
EBITA	438M	878M	48.63M	120M	130M
EBIT	435M	875M	44.93M	120M	130M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	942M	1.41B	624M	709M	707M
Effective Tax Rate - (Ratio)	23.05	23.39	38.68	24.36	22.13
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	91.5M	198M	6.17M	18.07M	18.44M
Normalized Net Income	253M	536M	10.72M	47.54M	52.07M
Interest on Long-Term Debt	30.47M	15.81M	22.54M	43.39M	45.36M
Non-Cash Pension Expense	164K	184K	-	481K	508K
Supplemental Operating Expense Items
General and Administrative Expenses	30.68M	42.23M	55.74M	46.69M	44.04M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	2.43M	6.46M	-	-	8.17M
Total Stock-Based Compensation	2.43M	6.46M	-	-	8.17M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	63K	74K	55K	50K	35K
Total Cash And Short Term Investments	63K	74K	55K	50K	35K
Accounts Receivable, Total	92.41M	125M	75.1M	78.92M	94.82M
Total Receivables	92.41M	125M	75.1M	78.92M	94.82M
Prepaid Expenses	5.73M	12.14M	23.3M	19.24M	20.68M
Other Current Assets, Total	69K	17.73M	3.59M	71.04M	27.51M
Total Current Assets	98.28M	155M	102M	169M	143M
Gross Property Plant And Equipment	4.42B	4.76B	5.07B	5.47B	5.79B
Accumulated Depreciation	-1.57B	-1.78B	-2.01B	-2.26B	-2.52B
Net Property Plant And Equipment	2.85B	2.97B	3.06B	3.22B	3.27B
Long-term Investments	9.46M	10.96M	10.57M	8.87M	9.08M
Other Long-Term Assets, Total	-	30.86M	8.33M	36.63M	15.11M
Total Assets	2.96B	3.17B	3.18B	3.43B	3.44B
Liabilities
Accounts Payable, Total	94.9M	144M	94.82M	66.91M	67.14M
Accrued Expenses, Total	-	-	13.85M	2.63M	3.13M
Current Portion of Long-Term Debt	38.27M	-	-	-	-
Current Portion of Leases	1.84M	1.91M	2.51M	10.76M	12M
Other Current Liabilities	16.59M	1.34M	1.39M	-	-
Total Current Liabilities	152M	147M	113M	80.29M	82.27M
Long-Term Debt	501M	132M	372M	567M	508M
Long-Term Leases	13.59M	11.68M	10.11M	109M	98.36M
Pension & Other Post Retirement Benefits	9.9M	11.17M	2.61M	465K	477K
Deferred Tax Liability Non Current	157M	355M	361M	379M	398M
Other Non Current Liabilities	210M	99.72M	92.79M	102M	103M
Total Liabilities	1.04B	757M	951M	1.24B	1.19B
Preferred Stock Redeemable	41.43M	-	-	-	-
Total Preferred Equity	41.43M	-	-	-	-
Common Stock, Total	1.46B	1.43B	1.43B	1.44B	1.46B
Additional Paid In Capital	90.92M	86.56M	105M	112M	113M
Retained Earnings	322M	895M	692M	640M	672M
Total Common Equity	1.88B	2.41B	2.23B	2.2B	2.24B
Total Equity	1.92B	2.41B	2.23B	2.2B	2.24B
Total Liabilities And Equity	2.96B	3.17B	3.18B	3.43B	3.44B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	266M	267M	269M	272M	275M
ECS Total Common Shares Outstanding	265M	266M	267M	271M	275M
Book Value / Share	7.09	9.07	8.33	8.09	8.17
Tangible Book Value	1.88B	2.41B	2.23B	2.2B	2.24B
Tangible Book Value Per Share	7.09	9.07	8.33	8.09	8.17
Total Debt	555M	146M	385M	687M	619M
Net Debt	555M	146M	385M	687M	619M
Debt Equivalent of Unfunded Proj. Benefit Obligation	9.9M	11.17M	16.46M	3.1M	3.6M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	204	219	218	231	224

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	315M	657M	9.78M	56.1M	64.87M
Depreciation & Amortization - CF	213M	214M	227M	247M	261M
Amortization of Goodwill and Intangible Assets - (CF)	3.47M	3.25M	3.7M	-	-
Depreciation & Amortization, Total	216M	217M	230M	247M	261M
Amortization of Deferred Charges, Total - (CF)	968K	1.45M	1.7M	1.42M	1.56M
(Gain) Loss From Sale Of Asset	-912K	1.43M	5.24M	835K	1.53M
(Gain) Loss on Sale of Investments - (CF)	-6.4M	-1.8M	1.2M	1.9M	-
Stock-Based Compensation (CF)	2.43M	6.46M	-	6.04M	4.35M
Other Operating Activities, Total	9.54M	69.51M	52.92M	-91.96M	85.88M
Change in Other Net Operating Assets	-21.16M	-25.66M	19.48M	-17.27M	-11.82M
Cash from Operations	515M	925M	321M	204M	408M
Capital Expenditure	-232M	-369M	-308M	-283M	-308M
Sale of Property, Plant, and Equipment	-	315K	87K	258K	-
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-1.25M	-1.96M	-1.24M	-221K	-499K
Other Investing Activities, Total	-13.65M	31.65M	-29.71M	-10.39M	-5.29M
Cash from Investing	-247M	-339M	-339M	-293M	-314M
Long-Term Debt Issued, Total	-	-	238M	197M	-
Total Debt Issued	-	-	238M	197M	-
Long-Term Debt Repaid, Total	-230M	-372M	-2.46M	-6.64M	-69.73M
Total Debt Repaid	-230M	-372M	-2.46M	-6.64M	-69.73M
Issuance of Common Stock	12.64M	23M	7.16M	10.78M	11.17M
Repurchase of Common Stock	-31.51M	-57.21M	-11.46M	-	-
Repurchase of Preferred Stock	-1.66M	-88.27M	-	-	-
Common Dividends Paid	-6.64M	-18.61M	-213M	-108M	-32.76M
Preferred Dividends Paid	-6.9M	-5.16M	-	-	-
Common & Preferred Stock Dividends Paid	-13.54M	-23.77M	-213M	-108M	-32.76M
Special Dividend Paid	-	-53.18M	-	-	-
Other Financing Activities, Total	-3.45M	-15.78M	-	-3.4M	-2.84M
Cash from Financing	-268M	-587M	18.32M	89.64M	-94.16M
Net Change in Cash	3K	11K	-19K	-5K	-15K
Supplemental Items
Cash Interest Paid	28.8M	13.74M	20.31M	-	-
Levered Free Cash Flow	201M	370M	-44.28M	-97.16M	43.23M
Unlevered Free Cash Flow	219M	379M	-31.9M	-71.46M	70.02M
Change In Net Working Capital	39.26M	23.01M	-17.81M	110M	-26.92M
Net Debt Issued / Repaid	-230M	-372M	236M	190M	-69.73M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	9.27	17.84	0.88	2.27	2.37
Return on Total Capital	11.12	21.74	1.09	2.74	2.83
Return On Equity %	17.75	30.34	0.42	2.54	2.92
Return on Common Equity	17.94	30.48	0.42	2.54	2.92
Margin Analysis
Gross Profit Margin %	70.26	77.01	58.08	51.46	61.61
SG&A Margin	3.52	3.54	7.99	7.78	6.34
EBITDA Margin %	74.02	90.99	39.02	59.69	54.42
EBITA Margin %	49.98	73.3	6.95	20	18.72
EBIT Margin %	49.59	73.03	6.42	20	18.72
Income From Continuing Operations Margin %	35.89	54.84	1.4	9.33	9.33
Net Income Margin %	35.89	54.84	1.4	9.33	9.33
Net Avail. For Common Margin %	35.41	54.58	1.4	9.33	9.33
Normalized Net Income Margin	28.89	44.75	1.53	7.9	7.49
Levered Free Cash Flow Margin	22.88	30.91	-6.33	-16.16	6.21
Unlevered Free Cash Flow Margin	24.94	31.62	-4.56	-11.88	10.07
Asset Turnover
Asset Turnover	0.3	0.39	0.22	0.18	0.2
Fixed Assets Turnover	0.31	0.41	0.23	0.19	0.21
Receivables Turnover (Average Receivables)	11.16	11.02	7	7.81	8.01
Short Term Liquidity
Current Ratio	0.65	1.05	0.91	2.11	1.74
Quick Ratio	0.61	0.85	0.67	0.98	1.15
Operating Cash Flow to Current Liabilities	3.4	6.29	2.85	2.54	4.96
Days Sales Outstanding (Average Receivables)	32.7	33.13	52.12	46.87	45.58
Average Days Payable Outstanding	133.51	158.22	148.41	101.39	91.61
Long Term Solvency
Total Debt/Equity	28.92	6.03	17.29	31.3	27.56
Total Debt / Total Capital	22.43	5.69	14.74	23.84	21.61
LT Debt/Equity	26.83	5.95	17.17	30.81	27.03
Long-Term Debt / Total Capital	20.81	5.62	14.64	23.46	21.19
Total Liabilities / Total Assets	35.22	23.88	29.95	36.07	34.65
EBIT / Interest Expense	14.27	55.34	1.99	2.77	2.87
EBITDA / Interest Expense	21.37	69.07	12.21	8.46	8.63
(EBITDA - Capex) / Interest Expense	13.74	45.76	-1.46	1.93	1.85
Total Debt / EBITDA	0.85	0.13	1.4	1.87	1.58
Net Debt / EBITDA	0.85	0.13	1.4	1.87	1.58
Total Debt / (EBITDA - Capex)	1.32	0.2	-11.71	8.18	7.39
Net Debt / (EBITDA - Capex)	1.32	0.2	-11.71	8.18	7.39
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	67.34	36.52	-41.56	-14.07	15.67
Gross Profit, 1 Yr. Growth %	112.48	49.62	-55.93	-23.86	38.48
EBITDA, 1 Yr. Growth %	289.74	68.14	-74.94	33.26	5.45
EBITA, 1 Yr. Growth %	-1.1K	100.73	-94.46	167.74	8.24
EBIT, 1 Yr. Growth %	-1.03K	101.18	-94.86	167.74	8.24
Earnings From Cont. Operations, 1 Yr. Growth %	-644.22	108.73	-98.51	473.62	15.64
Net Income, 1 Yr. Growth %	-644.22	108.73	-98.51	473.62	15.64
Normalized Net Income, 1 Yr. Growth %	-683.35	111.6	-98	343.56	12.33
Diluted EPS Before Extra, 1 Yr. Growth %	-584.63	110.62	-98.46	468.05	14.1
Accounts Receivable, 1 Yr. Growth %	42.85	35.27	-39.92	5.07	20.15
Net Property, Plant and Equip., 1 Yr. Growth %	0.67	4.22	2.8	5.32	1.54
Total Assets, 1 Yr. Growth %	2	7.07	0.24	8.07	0.06
Tangible Book Value, 1 Yr. Growth %	18.29	28.59	-7.76	-1.37	2.27
Common Equity, 1 Yr. Growth %	18.29	28.59	-7.76	-1.37	2.27
Cash From Operations, 1 Yr. Growth %	173.87	79.54	-65.36	-36.45	100.14
Capital Expenditures, 1 Yr. Growth %	-19.74	58.53	-16.43	-8.12	8.75
Levered Free Cash Flow, 1 Yr. Growth %	-276.16	85.37	-112.17	113.91	-150.13
Unlevered Free Cash Flow, 1 Yr. Growth %	-324.14	73.86	-108.57	116.33	-215.68
Dividend Per Share, 1 Yr. Growth %	-39.39	180	1.04K	-50	-70
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	20.27	51.19	-10.68	-29.14	-0.3
Gross Profit, 2 Yr. CAGR %	28.68	78.37	-18.8	-42.07	2.68
EBITDA, 2 Yr. CAGR %	101.43	155.82	-35.09	-42.6	18.54
EBITA, 2 Yr. CAGR %	191.21	347.43	-66.66	-62.99	70.24
EBIT, 2 Yr. CAGR %	180.67	332.93	-67.86	-62.92	70.24
Earnings From Cont. Operations, 2 Yr. CAGR %	138.35	237.04	-82.37	-70.78	157.55
Net Income, 2 Yr. CAGR %	138.35	237.04	-82.37	-70.78	157.55
Normalized Net Income, 2 Yr. CAGR %	123.47	251.34	-79.43	-70.22	120.41
Diluted EPS Before Extra, 2 Yr. CAGR %	124.58	219.49	-81.98	-70.4	154.58
Accounts Receivable, 2 Yr. CAGR %	19.47	39.01	-9.85	-20.55	12.36
Net Property, Plant and Equip., 2 Yr. CAGR %	1.97	2.43	3.51	4.05	3.41
Total Assets, 2 Yr. CAGR %	2.51	4.5	3.6	4.08	3.99
Tangible Book Value, 2 Yr. CAGR %	6.5	23.33	8.91	-4.62	0.44
Common Equity, 2 Yr. CAGR %	6.5	23.33	8.91	-4.62	0.44
Cash From Operations, 2 Yr. CAGR %	25.53	121.74	-21.14	-53.08	12.78
Capital Expenditures, 2 Yr. CAGR %	-11.43	12.8	15.1	-12.37	-0.04
Levered Free Cash Flow, 2 Yr. CAGR %	81.01	80.32	-52.91	-48.32	-2.44
Unlevered Free Cash Flow, 2 Yr. CAGR %	117.72	97.01	-61.73	-56.18	45.59
Dividend Per Share, 2 Yr. CAGR %	-51.2	30.27	465.69	139.05	-61.27
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	14.57	25.48	10.13	-11.83	-16.57
Gross Profit, 3 Yr. CAGR %	17.43	35.34	11.93	-20.52	-22.55
EBITDA, 3 Yr. CAGR %	17.84	89.57	17.93	-17.87	-29.7
EBITA, 3 Yr. CAGR %	32.66	157.07	3.5	-34.97	-47.07
EBIT, 3 Yr. CAGR %	33.07	151.18	-1.26	-34.84	-47
Earnings From Cont. Operations, 3 Yr. CAGR %	45.47	128.04	-44.7	-43.72	-53.78
Net Income, 3 Yr. CAGR %	45.47	128.04	-44.7	-43.72	-53.78
Normalized Net Income, 3 Yr. CAGR %	37.52	119.44	-37.27	-42.74	-54.03
Diluted EPS Before Extra, 3 Yr. CAGR %	45.25	119.83	-46.01	-43.07	-53.59
Accounts Receivable, 3 Yr. CAGR %	21.17	24.52	5.1	-5.13	-8.8
Net Property, Plant and Equip., 3 Yr. CAGR %	2.7	2.71	2.55	4.11	3.21
Total Assets, 3 Yr. CAGR %	2.32	4.01	3.06	5.07	2.72
Tangible Book Value, 3 Yr. CAGR %	2.67	13.41	11.95	5.37	-2.37
Common Equity, 3 Yr. CAGR %	2.67	13.41	11.95	5.37	-2.37
Cash From Operations, 3 Yr. CAGR %	16.68	41.43	19.43	-26.61	-23.9
Capital Expenditures, 3 Yr. CAGR %	-8.48	7.54	2.07	6.77	-5.83
Levered Free Cash Flow, 3 Yr. CAGR %	109.79	82.19	-27.01	-21.35	-50.84
Unlevered Free Cash Flow, 3 Yr. CAGR %	256.6	101.73	-31.11	-31.03	-42.7
Dividend Per Share, 3 Yr. CAGR %	-37	-12.64	168.67	151.98	19.68
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	22.59	17.79	3.72	-0.16	5.83
Gross Profit, 5 Yr. CAGR %	25.43	21.63	1.33	-3.61	8.13
EBITDA, 5 Yr. CAGR %	31.38	25.71	-7.19	17.55	17.85
EBITA, 5 Yr. CAGR %	92.76	40.31	-23.68	18.41	24.31
EBIT, 5 Yr. CAGR %	99.03	40.74	-24.61	16.86	22.78
Earnings From Cont. Operations, 5 Yr. CAGR %	66.85	69.48	-37.46	0.25	2.33
Net Income, 5 Yr. CAGR %	66.85	69.48	-37.46	0.25	2.33
Normalized Net Income, 5 Yr. CAGR %	87.53	46.11	-35.68	-1.28	3.7
Diluted EPS Before Extra, 5 Yr. CAGR %	51.42	65.37	-36.96	-1.43	0.4
Accounts Receivable, 5 Yr. CAGR %	8.11	12.52	7.65	4.04	7.95
Net Property, Plant and Equip., 5 Yr. CAGR %	1.51	3.15	3.02	3.25	2.9
Total Assets, 5 Yr. CAGR %	1.78	3.82	2.83	4.04	3.43
Tangible Book Value, 5 Yr. CAGR %	1.84	7.83	5.12	5.82	7.19
Common Equity, 5 Yr. CAGR %	1.84	7.83	5.12	5.82	7.19
Cash From Operations, 5 Yr. CAGR %	29.68	26.32	-0.24	-9.03	16.72
Capital Expenditures, 5 Yr. CAGR %	-21.56	-2.48	0.31	-0.92	1.22
Levered Free Cash Flow, 5 Yr. CAGR %	-20.27	17.55	15.3	9.68	-17.61
Unlevered Free Cash Flow, 5 Yr. CAGR %	-18.4	20.7	45.91	9.15	-6.42
Dividend Per Share, 5 Yr. CAGR %	-	-6.88	51.57	30.67	23.81