Headwater Exploration logo

Headwater Exploration(TSX) HWX

Market CapCA$3.30BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1997)+2,460%
5 Year+272%
1 Year+84%
1 Month-0%
CA$13.88
+2.66%
+0.36Today
Headwater Exploration last closing stock price
MetricPriceDate
Last closeCAD 13.882026-10-08
Headwater Exploration stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+3.5%CAD 13.412026-10-01
1 month-0.18%CAD 13.912026-09-08
3 month+13.77%CAD 12.202026-07-10
Year to date+52.26%CAD 9.122025-12-31
1 year+83.88%CAD 7.552025-10-08
3 year+130.45%CAD 6.022023-10-06
5 year+272.26%CAD 3.732021-10-08
Since inception+2,460.22%CAD 0.531997-11-10

Headwater Exploration Financials at a Glance

Market Cap

CA$3.30BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

CA$668.36M

Net Income (TTM)

CA$186.16M

EPS (TTM)

CA$0.78

P/E Ratio

17.73

Dividend

CA$0.46

Beta (Volatility)

1.27 (Average)

Price

CA$13.88

Volume

307,190

Open

CA$13.66

Previous Close

CA$13.88

Daily Range

CA$13.63 - CA$13.92

52-Week Range

CA$6.80 - CA$14.71

Estimated Earnings Date

Oct 29, 2026

HWX News

No articles available.

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About Headwater Exploration

Headwater Exploration Inc. is a resource firm focused on discovering, developing, and extracting petroleum and natural gas. The company operates primarily within the Western Canadian Sedimentary Basin and onshore regions of New Brunswick, holding stakes in key projects such as the McCully Field and the Clearwater play.

Products and Services
  • Exploration and production of oil and natural gas
  • Ownership in significant projects like McCully Field and Clearwater play
  • Focus on sustainable resource extraction practices
Growth Outlook
  • Recent quarterly revenue reached CAD 237.93 million, a significant increase
  • Trailing twelve months (TTM) net income stands at CAD 85.42 million
  • Strong operating cash flow of CAD 134.57 million in the latest quarter
Financial Highlights
  • TTM revenue of CAD 1.01 billion, reflecting robust operational performance
  • Net profit margin of 27.85% indicates effective cost management
  • Dividend yield of 3.25% offers attractive returns to shareholders
Headwater Exploration Inc. has demonstrated strong financial performance, with a notable increase in revenue and net income in recent quarters. The company's focus on key projects in resource-rich areas positions it well for future growth. With a solid dividend yield and effective cost management, Headwater Exploration presents an appealing opportunity for potential investors interested in the energy sector.
AI Generated • Sep 18, 2026

Industry

Oil, Gas and Consumable Fuels

Sector

Energy

Employees

35

CEO

Jason J. Jaskela

Website

headwaterexp.com

Headquarters

Calgary, AB T2P 1K3, CA

HWX Financials

Key Financial Metrics (TTM)

Gross Margin

53.84%

Operating Margin

39.13%

Net Income Margin

27.85%

Return on Equity

24.24%

Return on Capital

27.12%

Return on Assets

16.96%

Earnings Yield

5.64%

Dividend Yield

3.31%

Payout Ratio

56.26%

Stock Overview

Market Cap

CA$3.30BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

237.76M

Volume

307.19K

Avg. Volume

853.27K

Financials (TTM)

Gross Profit

CA$359.85M

Operating Income

CA$261.52M

EBITDA

CA$368.22M

Operating Cash Flow

CA$335.16M

Capital Expenditure

-CA$232.92M

Free Cash Flow

CA$102.24M

Cash & ST Invst.

CA$87.66M

Total Debt

CA$1.78M

Headwater Exploration Performance Analysis

Headwater Exploration annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31CAD 373,217,000126.2%
20232023-12-31CAD 425,548,00014.0%
20242024-12-31CAD 511,497,00020.2%
20252025-12-31CAD 514,293,0000.5%
Headwater Exploration sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-13.4%
Q42025-12-312.2%
Q12026-03-3137.8%
Q22026-06-3034.6%
Headwater Exploration annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31CAD 0.70230.9%
20232023-12-31CAD 0.66-6.5%
20242024-12-31CAD 0.8021.1%
20252025-12-31CAD 0.64-19.7%
Headwater Exploration sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-6.3%
Q42025-12-31-20.0%
Q12026-03-3125.0%
Q22026-06-30140.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

CA$237.93M

+64.2%

Gross Profit

CA$140.17M

+96.1%

Gross Margin

58.91%

N/A

Market Cap

CA$3.30BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

CA$84.62M

N/A

Employees

39

N/A

Net Income

CA$85.42M

+124.6%

EBITDA

CA$141.20M

+71.2%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

CA$87.66M

-30.1%

Total Debt

CA$1.78M

-87.8%

Accounts Receivable

CA$67.93M

+27.2%

Inventory

CA$1.08M

-4.8%

Long Term Debt

CA$777.00K

-90.9%

Short Term Debt

CA$999.00K

-83.3%

Return on Assets

16.96%

N/A

Return on Invested Capital

27.67%

N/A

Free Cash Flow

CA$53.01M

+195.0%

Operating Cash Flow

CA$134.57M

+96.0%

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Questions About HWX

What is the current price of Headwater Exploration?

Headwater Exploration is trading at CA$13.88 per share.

What is the 52-week range for Headwater Exploration?

Over the past 52 weeks, Headwater Exploration has traded between CA$6.80 and CA$14.71.

How much debt does Headwater Exploration have?

As of the most recent reporting period, Headwater Exploration reported total debt of CA$9.25M.

How much cash does Headwater Exploration have on hand?

Headwater Exploration reported CA$90.01M in cash and cash equivalents in its most recent financial results.

What is Headwater Exploration’s dividend yield?

Headwater Exploration currently has a dividend yield of 3.31%.

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