Cash flow Enerplus Corporation

Equities

ERF

CA2927661025

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 16:15:20 2024-05-31 EDT			5-day change	1st Jan Change
27.71 ^CAD	+1.13%		+3.47%	+36.44%

05-31	Sector Update: Energy Stocks Gain Late Friday Afternoon	MT
05-31	Sector Update: Energy Stocks Rise Friday Afternoon	MT

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Published financial data: ENERPLUS CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.17B	687M	1.38B	2.19B	1.53B
Total Revenues	1.17B	687M	1.38B	2.19B	1.53B
Cost of Goods Sold, Total	436M	396M	421M	520M	535M
Gross Profit	736M	291M	960M	1.67B	993M
Selling General & Admin Expenses, Total	72.85M	57.58M	56.81M	69.95M	65.66M
Depreciation & Amortization - (IS)	357M	293M	271M	309M	377M
Other Operating Expenses	66.07M	-109M	274M	198M	-31.32M
Other Operating Expenses, Total	496M	242M	603M	577M	412M
Operating Income	240M	49.42M	357M	1.09B	581M
Interest Expense, Total	-33.92M	-28.36M	-27.4M	-24.55M	-17.6M
Net Interest Expenses	-33.92M	-28.36M	-27.4M	-24.55M	-17.6M
Currency Exchange Gains (Loss)	25.38M	-1.34M	6.91M	-10.16M	-60K
Other Non Operating Income (Expenses)	7.53M	-6.3M	4.6M	-11.4M	4.3M
EBT, Excl. Unusual Items	239M	13.42M	341M	1.04B	567M
Merger & Related Restructuring Charges	-	-	-2.11M	12.76M	-
Impairment of Goodwill	-451M	-203M	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	152M	-
Asset Writedown	-	-995M	-3.42M	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-212M	-1.18B	336M	1.21B	567M
Income Tax Expense	47.86M	-261M	101M	293M	111M
Earnings From Continuing Operations	-260M	-923M	234M	914M	456M
Net Income to Company	-260M	-923M	234M	914M	456M
Net Income - (IS)	-260M	-923M	234M	914M	456M
Net Income to Common Incl Extra Items	-260M	-923M	234M	914M	456M
Net Income to Common Excl. Extra Items	-260M	-923M	234M	914M	456M
Per Share Items
Net EPS - Basic	-1.12	-4.15	0.93	3.91	2.16
Basic EPS - Continuing Operations	-1.12	-4.15	0.93	3.91	2.16
Basic Weighted Average Shares Outstanding	231M	223M	252M	234M	211M
Net EPS - Diluted	-1.12	-4.15	0.9	3.77	2.09
Diluted EPS - Continuing Operations	-1.12	-4.15	0.9	3.77	2.09
Diluted Weighted Average Shares Outstanding	231M	223M	260M	243M	218M
Normalized Basic EPS	0.65	0.04	0.85	2.79	1.68
Normalized Diluted EPS	0.65	0.04	0.82	2.69	1.63
Dividend Per Share	0.12	0.12	0.13	0.18	0.23
Payout Ratio	-10.73	-2.89	13.77	4.55	10.66
Distributable Cash Payout Ratio (Income Trusts)	-	-	-	-	11.34
Supplemental Items
EBITDA	597M	343M	629M	1.4B	958M
EBITA	246M	56.74M	363M	1.1B	587M
EBIT	240M	49.42M	357M	1.09B	581M
EBITDAR	631M	369M	643M	1.42B	982M
Total Revenues (As Reported)	1.19B	846M	1.21B	2.16B	1.69B
Effective Tax Rate - (Ratio)	-22.59	22.02	30.2	24.29	19.62
Current Domestic Taxes	-13.91M	-	-11K	-	-
Current Foreign Taxes	-19.5M	-14.52M	2.7M	28.06M	27.18M
Total Current Taxes	-33.41M	-14.52M	2.69M	28.06M	27.18M
Deferred Domestic Taxes	11.02M	-24.58M	-50.16M	47.29M	21.98M
Deferred Foreign Taxes	70.25M	-222M	149M	218M	62.2M
Total Deferred Taxes	81.28M	-246M	98.76M	265M	84.17M
Normalized Net Income	150M	8.39M	213M	652M	355M
Distributable Cash	90.1M	66.8M	410M	798M	429M
Interest on Long-Term Debt	33.92M	28.36M	27.4M	24.55M	17.6M
Supplemental Operating Expense Items
General and Administrative Expenses	72.85M	57.58M	56.81M	69.95M	65.66M
Net Rental Expense, Total	33.74M	26.37M	14.4M	22.33M	23.91M
Imputed Operating Lease Interest Expense	13.5M	10.08M	5.51M	8.66M	13.6M
Imputed Operating Lease Depreciation	20.24M	16.29M	8.89M	13.67M	10.31M
Stock-Based Comp., G&A Exp. (Total)	23.01M	11.59M	18.79M	27.58M	17.89M
Total Stock-Based Compensation	23.01M	11.59M	18.79M	27.58M	17.89M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	152M	114M	61.35M	38M	66.73M
Short Term Investments	-	-	-	-	11.2M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	152M	114M	61.35M	38M	77.93M
Accounts Receivable, Total	176M	106M	228M	277M	268M
Other Receivables	13.87M	167K	-	-	-
Notes Receivable	-	-	-	-	11.7M
Total Receivables	190M	106M	228M	277M	280M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	27.46M	10.69M	16.62M	93.09M	25.22M
Total Current Assets	369M	232M	306M	408M	383M
Gross Property Plant And Equipment	15.26B	15.39B	13.21B	13.14B	7.89B
Accumulated Depreciation	-13.65B	-14.76B	-11.91B	-11.79B	-6.34B
Net Property Plant And Equipment	1.62B	628M	1.29B	1.35B	1.55B
Goodwill	194M	-	-	-	-
Deferred Tax Assets Long-Term	373M	607M	381M	155M	133M
Other Long-Term Assets, Total	13.85M	-	9.76M	21.15M	5.94M
Total Assets	2.57B	1.47B	1.99B	1.94B	2.07B
Liabilities
Accounts Payable, Total	186M	145M	261M	288M	294M
Accrued Expenses, Total	106M	107M	106M	110M	91.57M
Current Portion of Long-Term Debt	106M	104M	101M	80.6M	80.6M
Current Portion of Leases	17.54M	13.39M	10.62M	13.66M	12.09M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	4.95M	21.49M	143M	10.42M	-
Total Current Liabilities	420M	391M	621M	503M	478M
Long-Term Debt	501M	387M	601M	179M	105M
Long-Term Leases	35.53M	23.45M	18.26M	9.26M	14.33M
Deferred Tax Liability Non Current	-	-	-	55.36M	118M
Other Non Current Liabilities	138M	130M	140M	115M	125M
Total Liabilities	1.09B	931M	1.38B	861M	841M
Common Stock, Total	3.09B	3.1B	3.09B	2.84B	2.69B
Additional Paid In Capital	59.49M	50.6M	50.88M	50.46M	44.5M
Retained Earnings	-1.98B	-2.93B	-2.24B	-1.51B	-1.21B
Comprehensive Income and Other	308M	320M	-297M	-301M	-301M
Total Common Equity	1.47B	536M	609M	1.08B	1.23B
Total Equity	1.47B	536M	609M	1.08B	1.23B
Total Liabilities And Equity	2.57B	1.47B	1.99B	1.94B	2.07B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	222M	256M	242M	216M	203M
ECS Total Common Shares Outstanding	222M	223M	244M	217M	202M
Book Value / Share	6.64	2.41	2.5	4.95	6.07
Tangible Book Value	1.28B	536M	609M	1.08B	1.23B
Tangible Book Value Per Share	5.76	2.41	2.5	4.95	6.07
Total Debt	660M	527M	731M	282M	212M
Net Debt	508M	413M	669M	244M	135M
Debt Equivalent Oper. Leases	270M	211M	115M	179M	191M
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	383	360	435	379	404
Accumulated Allowance for Doubtful Accounts (Supple)	3.66M	3.58M	3.87M	2.92M	2.13M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-260M	-923M	234M	914M	456M
Depreciation & Amortization - CF	351M	286M	266M	302M	371M
Amortization of Goodwill and Intangible Assets - (CF)	5.98M	7.32M	5.82M	6.87M	6.08M
Depreciation & Amortization, Total	357M	293M	271M	309M	377M
Amortization of Deferred Charges, Total - (CF)	-	-	1.09M	1.48M	1.56M
(Gain) Loss From Sale Of Asset	-	-	-	-152M	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	451M	1.2B	3.42M	-	-
Stock-Based Compensation (CF)	23.04M	12.73M	13.42M	22.53M	17.32M
Other Operating Activities, Total	121M	-240M	176M	117M	93.8M
Change In Accounts Receivable	8.49M	112M	-144M	-45.84M	5.12M
Change In Accounts Payable	-11M	-515K	57.35M	8.77M	-16.85M
Change in Other Net Operating Assets	4.48M	-5.61M	-7.58M	-2.44M	3.67M
Cash from Operations	694M	446M	605M	1.17B	938M
Capital Expenditure	-631M	-343M	-281M	-452M	-552M
Sale of Property, Plant, and Equipment	9.54M	6.14M	108M	18.38M	5.47M
Cash Acquisitions	-	-	-725M	-	-
Divestitures	-	-	-	158M	35.85M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-	-	4.59M	-13.7M	-
Cash from Investing	-622M	-337M	-894M	-290M	-511M
Long-Term Debt Issued, Total	-	-	400M	-	5.9M
Total Debt Issued	-	-	400M	-	5.9M
Long-Term Debt Repaid, Total	-59.43M	-114M	-81.6M	-441M	-80.6M
Total Debt Repaid	-59.43M	-114M	-81.6M	-441M	-80.6M
Issuance of Common Stock	-	-	98.34M	-	-
Repurchase of Common Stock	-184M	-9.77M	-127M	-424M	-275M
Common Dividends Paid	-27.87M	-26.69M	-32.28M	-41.6M	-48.6M
Common & Preferred Stock Dividends Paid	-27.87M	-26.69M	-32.28M	-41.6M	-48.6M
Other Financing Activities, Total	-	-	-4.62M	-1M	-
Cash from Financing	-271M	-150M	253M	-908M	-398M
Foreign Exchange Rate Adjustments	-13.09M	4.16M	6.98M	1.09M	-363K
Net Change in Cash	-212M	-37.19M	-28.6M	-23.35M	28.73M
Supplemental Items
Cash Interest Paid	33.99M	28.76M	25.81M	24.4M	16.55M
Cash Income Tax Paid (Refund)	-71.89M	-58.36M	5.5M	26.06M	30.29M
Levered Free Cash Flow	-69.26M	51.71M	359M	325M	215M
Unlevered Free Cash Flow	-48.06M	69.44M	375M	339M	224M
Change In Net Working Capital	-53.26M	-77.2M	-143M	226M	-18M
Net Debt Issued / Repaid	-59.43M	-114M	318M	-441M	-74.7M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.28	1.53	14.21	34.65	18.12
Return on Total Capital	6.22	1.93	20.53	50.44	25.94
Return On Equity %	-14.96	-92	45.51	108.46	39.59
Return on Common Equity	-14.96	-92	45.51	108.46	39.59
Margin Analysis
Gross Profit Margin %	62.82	42.39	69.53	76.2	64.97
SG&A Margin	6.22	8.38	4.11	3.2	4.3
EBITDA Margin %	50.96	49.84	45.53	63.96	62.72
EBITA Margin %	21.02	8.26	26.3	50.12	38.41
EBIT Margin %	20.51	7.19	25.88	49.81	38.01
Income From Continuing Operations Margin %	-22.17	-134.35	16.98	41.82	29.85
Net Income Margin %	-22.17	-134.35	16.98	41.82	29.85
Net Avail. For Common Margin %	-22.17	-134.35	16.98	41.82	29.85
Normalized Net Income Margin	12.76	1.22	15.46	29.81	23.21
Levered Free Cash Flow Margin	-5.91	7.52	26.02	14.86	14.06
Unlevered Free Cash Flow Margin	-4.1	10.1	27.18	15.5	14.68
Asset Turnover
Asset Turnover	0.41	0.34	0.88	1.11	0.76
Fixed Assets Turnover	0.8	0.61	1.55	1.65	1.05
Receivables Turnover (Average Receivables)	7.29	4.87	8.86	8.67	5.61
Short Term Liquidity
Current Ratio	0.88	0.59	0.49	0.81	0.8
Quick Ratio	0.81	0.57	0.47	0.63	0.72
Operating Cash Flow to Current Liabilities	1.65	1.14	0.97	2.33	1.96
Days Sales Outstanding (Average Receivables)	50.05	75.17	41.19	42.12	65.1
Average Days Payable Outstanding	150.92	152.6	162.4	192.55	198.54
Long Term Solvency
Total Debt/Equity	44.83	98.43	119.91	26.23	17.31
Total Debt / Total Capital	30.95	49.6	54.53	20.78	14.76
LT Debt/Equity	36.44	76.54	101.66	17.48	9.76
Long-Term Debt / Total Capital	25.16	38.58	46.23	13.85	8.32
Total Liabilities / Total Assets	42.65	63.47	69.38	44.45	40.66
EBIT / Interest Expense	7.08	1.74	13.04	44.35	33.01
EBITDA / Interest Expense	18.6	13.01	23.47	57.86	55.82
(EBITDA - Capex) / Interest Expense	-0.01	0.9	13.22	39.44	24.44
Total Debt / EBITDA	1.05	1.43	1.14	0.2	0.22
Net Debt / EBITDA	0.81	1.12	1.04	0.17	0.14
Total Debt / (EBITDA - Capex)	-1.37K	20.63	2.02	0.29	0.49
Net Debt / (EBITDA - Capex)	-1.06K	16.15	1.85	0.25	0.31
Growth Over Prior Year