Headwater Exploration Inc. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CAD 190.94 million compared to CAD 9.5 million a year ago. Revenue was CAD 162.73 million compared to CAD 12.95 million a year ago.

Net income was CAD 45.83 million compared to CAD 6.71 million a year ago. Basic earnings per share from continuing operations was CAD 0.23 compared to CAD 0.05 a year ago. Diluted earnings per share from continuing operations was CAD 0.21 compared to CAD 0.05 a year ago.