HEMISPHERE ENERGY Reports First Quarter Earnings for Fiscal Year 2023
May 28, 2023
Earnings Overview
On May 25, 2023, HEMISPHERE ENERGY ($TSXV:HME) reported their earnings results for the first quarter of fiscal year 2023, ending on March 31, 2023. Revenue for the quarter totaled CAD 18.7 million, a decrease of 18.2% year-over-year, while net income rose 29.0%, reaching CAD 6.0 million.
Stock Price
The report showed that the stock opened at CA$1.2 and closed at the same rate, showcasing that HEMISPHERE ENERGY has been able to maintain its value despite the pandemic’s impacts on the global economy.
Additionally, the report showcased that the company has seen a positive return on investment as the stock has remained relatively stable over the past year. Overall, the first quarter earnings report from HEMISPHERE ENERGY displayed a positive outlook for the company’s future. Despite the volatility of the economy, the stock has remained steady and has allowed investors to feel secure in their investments with HEMISPHERE ENERGY. With the continued success of the company, it will be interesting to see if HEMISPHERE ENERGY will be able to continue on this successful path throughout the remainder of the fiscal year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hemisphere Energy. More…
| Total Revenues | Net Income | Net Margin |
| 92.54 | 22.66 | 27.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hemisphere Energy. More…
| Operations | Investing | Financing |
| 45.91 | -17.02 | -26.16 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hemisphere Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 81.53 | 25.36 | 0.55 |
Key Ratios Snapshot
Some of the financial key ratios for Hemisphere Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 45.5% | 61.8% | 36.5% |
| FCF Margin | ROE | ROA |
| 31.0% | 38.7% | 25.9% |
Analysis
GoodWhale has conducted an analysis of HEMISPHERE ENERGY’s wellbeing and our results show that the company is strong in growth and profitability. Our Star Chart also indicates that the company is performing well in terms of assets and dividends as it is classified as a ‘gorilla’, meaning that it has achieved stable and high revenue or earning growth due to a strong competitive advantage. Given this information, HEMISPHERE ENERGY has the potential to be a sought-after investment for value investors, growth investors, or those looking for capital appreciation. Furthermore, its high health score of 8/10 with regard to its cashflows and debt make it capable of safely riding out any crisis without the risk of bankruptcy. Therefore, investors should consider HEMISPHERE ENERGY as an attractive option due to its strong performance and financial security. More…
Peers
Hemisphere Energy Corp is an oil and gas company based in Calgary, Alberta, Canada. The company is engaged in the exploration, development, production, and marketing of crude oil and natural gas in the Western Canadian Sedimentary Basin. The company’s competitors include Petrolia Energy Corp, Pipestone Energy Corp, and Antero Midstream Corp.
– Petrolia Energy Corp ($TSX:PIPE)
Pipestone Energy Corp is a Canadian oil and gas company with a market capitalization of 1.15 billion as of 2022. The company has a return on equity of 32.57%. Pipestone Energy is engaged in the exploration, development, and production of oil and natural gas in Alberta and Saskatchewan, Canada.
– Pipestone Energy Corp ($NYSE:AM)
Antero Midstream Corp is a publicly traded midstream energy company headquartered in Denver, Colorado. They own, operate and develop midstream infrastructure assets to service Antero Resources Corporation’s (their wholly-owned subsidiary) production in the Appalachian Basin. As of December 31, 2020, their assets included approximately 1,700 miles of pipelines, 18 gathering and processing facilities and six cryogenic natural gas liquids (NGL) fractionators. Their gathering and processing facilities had approximately 5.2 million barrels per day of capacity, and their NGL fractionators had approximately 320,000 barrels per day of capacity.
Summary
HEMISPHERE ENERGY released their financial results for the first quarter of the 2023 fiscal year on May 25 2023. Total revenue decreased by 18.2% year-over-year to CAD 18.7 million, while net income rose by 29.0% to CAD 6.0 million. Investors should consider the relative performance of HEMISPHERE ENERGY in comparison to its peers in the sector, as well as the company’s plans for future growth and development, when considering investing in the stock.
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