Headwater Exploration Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CAD 134.03 million compared to CAD 104.21 million a year ago. Revenue was CAD 112.46 million compared to CAD 98.12 million a year ago.

Net income was CAD 37.62 million compared to CAD 29.98 million a year ago. Basic earnings per share from continuing operations was CAD 0.16 compared to CAD 0.13 a year ago. Diluted earnings per share from continuing operations was CAD 0.16 compared to CAD 0.13 a year ago.