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Birchcliff Energy USD

Sector: Natural gas

COMM_BIR

Price chart

6.2 CADDay 1.81%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
6.2 CAD · 1.81%
Market cap
1.2 bn USD

Growth

Δ revenue y/y
4.1%
Δ EBITDA y/y
4.7%

Multiples

P/E (LTM)
17.3x
P/B (FY)
0.7x
P/E (ann.)
32.6x
EV/EBITDA (LTM)
5.1x
EV/EBITDA (ann.)
5.8x

Cash return

Dividend yield
—
FCF yield (LTM)
2.7%

Value creation

to target market cap (spot commodity model)
Upside (potential)
-10.6%
↓ details

Liquidity

Daily turnover (listing)
12.3 mln CAD

Shares: connector/market_inputs

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)OK128.9
y/y 4.1%
18.3
y/y 9.0%
47.8
y/y 3.1%
66.1
y/y 4.7%
9.2
y/y —
72.6-83.12487.6
y/y -2.0%
1625.5
y/y -0.7%
2.2%330.9Yahoo Finance
2026-03-31Q1 2026 (3M)OK163.8
y/y —
52.9
y/y —
48.9
y/y —
101.8
y/y —
50.9
y/y —
111.1-46.12498.2
y/y —
1660.1
y/y —
12.3%314.6Yahoo Finance
2025-12-31Q4 2025 (3M)OK139.0
y/y —
29.8
y/y —
48.4
y/y —
78.2
y/y —
19.5
y/y —
67.2-52.32508.9
y/y 5.1%
1639.6
y/y 7.5%
2.9%380.0Yahoo Finance
2025-09-30Q3 2025 (3M)OK108.9
y/y —
3.2
y/y —
48.8
y/y —
52.0
y/y —
-10.2
y/y —
57.0-45.32464.2
y/y —
1593.5
y/y —
-0.8%383.7Yahoo Finance
2025-06-30Q2 2025 (3M)OK123.8
y/y —
16.8
y/y —
46.4
y/y —
63.2
y/y —
-10.0
y/y —
79.3-80.32538.1
y/y —
1636.2
y/y —
-2.5%394.9Yahoo Finance
2024-12-31FY 2024 (12M)OK466.5
y/y -18.3%
8.5
y/y -90.5%
179.5
y/y 7.0%
188.0
y/y -26.9%
40.8
y/y 463.5%
148.3-213.52386.2
y/y -0.5%
1525.6
y/y -9.2%
2.5%401.4Yahoo Finance
2023-12-31FY 2023 (12M)OK571.2
y/y —
89.3
y/y —
167.9
y/y —
257.2
y/y —
7.2
y/y —
237.5-251.12397.5
y/y —
1679.5
y/y —
—282.7Yahoo Finance

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)8
Long-term debt (incl. LT leases)323
− Cash & equivalents0
Net debt331

Net debt / LTM EBITDA: 1.1x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02004006002023 FY2024 FY2025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-30%-20%-10%0%2023 FY2024 FY2025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

-100-500502023 FY2024 FY2025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

01002003004002023 FY2024 FY2025 q22025 q32025 q42026 q12026 q2

Operating statistics

Production indicators — supplementary, not part of the financial statements

PeriodProduction
boe/d		Realized price
CAD $/boe		Operating netback
CAD $/boe		Operating cost
CAD $/boe		Oil & liquids share
%
Q2 2026-0677 562
−2.4%		25.15
+7.9%		14.74
+7.7%		2.93
+2.1%		—
H1 2026-06—27.64
+7.3%		17.84
+13.9%		2.92
−1.0%		—
Q4 2025-1283 028
+7.0%		25.47
+18.3%		16.20
+33.9%		2.93
+0.7%		17
−5.6%
FY 2025-1280 086
+4.4%		24.28
+16.2%		14.66
+33.0%		2.88
−11.1%		18
+0.0%
Q3 2025-0980 406
+6.6%		20.23
+14.2%		16.202.93—
Q2 2025-0679 480
+1.4%		23.30
+13.1%		13.682.87—
H1 2025-06—25.7615.662.95—
Q1 2025-0377 363
+2.6%		28.32
+19.0%		13.682.87—
Q4 2024-1277 62321.5312.102.9118
FY 2024-1276 69520.9011.023.2418
Q3 2024-0975 40317.71———
Q2 2024-0678 35820.61———
Q1 2024-0375 40223.80———

Company reports (PLR coverage review 2026-10-01), extracted with DeepSeek and every number checked against the document text: https://birchcliffenergy.com/sites/default/files/2026-01/PR_January_20_2026_FINAL_260120.pdf; https://birchcliffenergy.com/sites/default/files/2026-02/PR_-_Unaudited_2025_YE_Results_FINAL_260211.pdf; https://www.birchcliffenergy.com/sites/default/files/docs/News%20Releases/2025/Annual_Information_YE_2025_FINAL_260311.pdf; https://www.birchcliffenergy.com/sites/default/files/docs/investors/financial-reports/2025/2025_MDA_FINAL_260311.pdf; https://www.birchcliffenergy.com/sites/default/files/docs/investors/financial-reports/2026/Q2_2026_FINAL_REPORT_260812.pdf

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Proved reserves
946.02 mln boe (2P)
2025
Reserve life (R/P)
32.4 yrs
reserves ÷ annual output
Annual production
29.23 mln boe
2025

Production, mln boe

27.99202429.232025

Proved reserves

YearReserves, mln boe (2P)
2025946.02
2024969.60

Production

YearProduction, mln boeper day, mln boe
202529.23
+4.4%		0.08
202427.990.08

Company reports: https://birchcliffenergy.com/sites/default/files/2026-01/PR_January_20_2026_FINAL_260120.pdf; https://birchcliffenergy.com/sites/default/files/2026-02/PR_-_Unaudited_2025_YE_Results_FINAL_260211.pdf; https://www.birchcliffenergy.com/sites/default/files/docs/News%20Releases/2025/Annual_Information_YE_2025_FINAL_260311.pdf; https://www.birchcliffenergy.com/sites/default/files/docs/investors/financial-reports/2025/2025_MDA_FINAL_260311.pdf; https://www.birchcliffenergy.com/sites/default/files/docs/investors/financial-reports/2026/Q2_2026_FINAL_REPORT_260812.pdf

Key-commodity price — Henry Hub Gas

Current 3spot vs LTM -11%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -10.6% ▼ -1.3 pp 1d

Main driver: Henry Hub Gas -11% vs LTM; revenue ×1.04 vs costs ×1.04; EBITDA 312→314; at 4.5× EV/EBITDA → -11%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Henry Hub Gas (rev)+60%3.013.383.12-11%-8%
WTI Crude Oil (rev)+18%93.9371.9676.52+31%+6%
Propane (NGL) (rev)+8%0.890.690.77+29%+11%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue541
LTM EBITDA312
LTM cash costs (revenue − EBITDA)229
2 · Revenue projection
Revenue multiplier — spot×1.044 (+4%)
= Spot revenue564
Revenue multiplier — 3y price×0.997 (-0%)
= 3-year-price revenue539
3 · Costs projection
Cost multiplier — spot×1.040 (+4%)
= Spot cash costs238
Cost multiplier — 3y price×1.040 (+4%)
= 3-year-price cash costs238
4 · EBITDA projection (revenue − costs)
= Spot EBITDA327
= 3-year-price EBITDA301
Conservative EBITDA = min(spot, avg)314
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)4.5x
Target EV = EV/EBITDA × conservative EBITDA1 403
Net debt331
Target market cap = EV − net debt1 094
Current market cap1 224

Upside = target market cap ÷ current − 1 = -10.6%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 FY571754-24.2%195535-63.6%
2024 FY467555-15.9%264163+61.7%
2025 FY520517+0.5%277306-9.6%

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 3.9x · target 75th pct (3y) 4.5x · LTM avg 7.1x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-09-150.03 CADEx-dividend: 0.03 CAD per sharePaidYahoo Finance (ex-div)
2026-06-150.03 CADEx-dividend: 0.03 CAD per sharePaidYahoo Finance (ex-div)
2026-03-130.03 CADEx-dividend: 0.03 CAD per sharePaidYahoo Finance (ex-div)
2025-12-150.03 CADEx-dividend: 0.03 CAD per sharePaidYahoo Finance (ex-div)
2025-09-150.03 CADEx-dividend: 0.03 CAD per sharePaidYahoo Finance (ex-div)
2025-06-130.03 CADEx-dividend: 0.03 CAD per sharePaidYahoo Finance (ex-div)
2025-03-140.03 CADEx-dividend: 0.03 CAD per sharePaidYahoo Finance (ex-div)
2024-12-130.1 CADEx-dividend: 0.1 CAD per sharePaidYahoo Finance (ex-div)
2024-09-130.1 CADEx-dividend: 0.1 CAD per sharePaidYahoo Finance (ex-div)
2024-06-140.1 CADEx-dividend: 0.1 CAD per sharePaidYahoo Finance (ex-div)
2024-03-140.1 CADEx-dividend: 0.1 CAD per sharePaidYahoo Finance (ex-div)
2023-12-140.2 CADEx-dividend: 0.2 CAD per sharePaidYahoo Finance (ex-div)
2023-09-140.2 CADEx-dividend: 0.2 CAD per sharePaidYahoo Finance (ex-div)
2023-06-140.2 CADEx-dividend: 0.2 CAD per sharePaidYahoo Finance (ex-div)
2023-03-140.2 CADEx-dividend: 0.2 CAD per sharePaidYahoo Finance (ex-div)
2022-12-140.02 CADEx-dividend: 0.02 CAD per sharePaidYahoo Finance (ex-div)
2022-10-200.2 CADEx-dividend: 0.2 CAD per sharePaidYahoo Finance (ex-div)
2022-09-140.02 CADEx-dividend: 0.02 CAD per sharePaidYahoo Finance (ex-div)
2022-06-140.02 CADEx-dividend: 0.02 CAD per sharePaidYahoo Finance (ex-div)
2022-03-140.01 CADEx-dividend: 0.01 CAD per sharePaidYahoo Finance (ex-div)
2021-12-140.01 CADEx-dividend: 0.01 CAD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Birchcliff Energy — from primary filings.

Frequently asked questions

What is Birchcliff Energy's P/E ratio?
Birchcliff Energy trades at a P/E of 17.3x (price to trailing 12-month earnings).
What is Birchcliff Energy's EV/EBITDA?
Birchcliff Energy trades at 5.1x EV/EBITDA.
What is Birchcliff Energy's P/B ratio?
Birchcliff Energy trades at a P/B of 0.7x.
What is Birchcliff Energy's return on equity (ROE)?
Birchcliff Energy's ROE is 2.2%.
What is Birchcliff Energy's market capitalization?
Birchcliff Energy's market cap is 1.2 bn USD.

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