Cash flow Whitecap Resources Inc.

Stocks

WCP

CA96467A2002

Oil & Gas Exploration and Production

Real-time Estimate TE 10:46:16 2026-09-03 EDT			5-day change	1st Jan Change
18.24 ^CAD	+0.25%		+1.00%	+58.35%

08-27	CIBC Raises Price Targets on Canadian Natural Resources, Cenovus Energy, Whitecap	MT
08-14	Whitecap Resources Confirms August Monthly Dividend	MT

1efc9fa4feb2662f7e5895.dbCp3Wj-9ifftMiuVKFZvepfq7cILz02rZQZAl5OHR0.Td7fgiuxnBWexqOWJOgU5Yg52IBYQ1dsy-JdcmgsUUQW-pCWLpKEeO7upw

Published financial data: WHITECAP RESOURCES INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Revenues	2.28B	3.92B	3.23B	3.34B	5.17B
Total Revenues	2.28B	3.92B	3.23B	3.34B	5.17B
Cost of Goods Sold, Total	802M	1.19B	1.2B	1.26B	2.04B
Gross Profit	1.48B	2.72B	2.03B	2.07B	3.12B
Selling General & Admin Expenses, Total	41.02M	52.6M	57.1M	63.8M	122M
Stock-Based Compensation (IS)	19.25M	31.7M	39.9M	44.6M	52.6M
Depreciation & Amortization - (IS)	546M	806M	865M	975M	1.71B
Impairment of Oil, Gas & Mineral Properties - (IS)	-1.85B	-654M	6.6M	16.3M	13.4M
Other Operating Expenses	319M	214M	-118M	53.6M	-291M
Other Operating Expenses, Total	-922M	451M	851M	1.15B	1.61B
Operating Income	2.4B	2.27B	1.18B	921M	1.52B
Interest Expense, Total	-36.89M	-39.9M	-83.5M	-89.8M	-141M
Net Interest Expenses	-36.89M	-39.9M	-83.5M	-89.8M	-141M
EBT, Excl. Unusual Items	2.36B	2.23B	1.09B	831M	1.38B
Merger & Related Restructuring Charges	-12.1M	-11.2M	-	-2.3M	-58.7M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	23.35M	2.3M	78M	246M	7.6M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	2.37B	2.22B	1.17B	1.08B	1.33B
Income Tax Expense	596M	548M	282M	263M	341M
Earnings From Continuing Operations	1.78B	1.68B	889M	812M	985M
Net Income to Company	1.78B	1.68B	889M	812M	985M
Net Income - (IS)	1.78B	1.68B	889M	812M	985M
Net Income to Common Incl Extra Items	1.78B	1.68B	889M	812M	985M
Net Income to Common Excl. Extra Items	1.78B	1.68B	889M	812M	985M
Per Share Items
Net EPS - Basic	2.97	2.72	1.47	1.37	0.99
Basic EPS - Continuing Operations	2.97	2.72	1.47	1.37	0.99
Basic Weighted Average Shares Outstanding	599M	616M	605M	595M	993M
Net EPS - Diluted	2.95	2.7	1.46	1.36	0.99
Diluted EPS - Continuing Operations	2.95	2.7	1.46	1.36	0.99
Diluted Weighted Average Shares Outstanding	603M	621M	609M	598M	997M
Normalized Basic EPS	2.47	2.26	1.13	0.87	0.87
Normalized Diluted EPS	2.45	2.25	1.12	0.87	0.86
Dividend Per Share	0.21	0.39	0.61	0.73	0.73
Payout Ratio	7.1	14.15	41.93	53.34	74.7
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	5.13B	2.46B	2.07B	1.94B	3.25B
EBITA	2.42B	2.31B	1.21B	958M	1.57B
EBIT	2.4B	2.27B	1.18B	921M	1.52B
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	1.98B	3.74B	3.38B	3.32B	5.51B
Effective Tax Rate - (Ratio)	25.1	24.66	24.06	24.46	25.72
Total Current Taxes	-	-	64.7M	255M	101M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	596M	548M	217M	7.8M	240M
Normalized Net Income	1.48B	1.4B	683M	520M	860M
Interest on Long-Term Debt	43.69M	62.9M	88.6M	89.7M	141M
Supplemental Operating Expense Items
General and Administrative Expenses	41.02M	52.6M	57.1M	63.8M	122M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	26.45M	30.3M	39.9M	44.6M	52.6M
Total Stock-Based Compensation	26.45M	30.3M	39.9M	44.6M	52.6M

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	-	-	-	362M	59.4M
Short Term Investments	10.48M	22.7M	32.9M	22.4M	86.5M
Trading Asset Securities, Total	-	13.8M	11.6M	1.4M	-
Total Cash And Short Term Investments	10.48M	36.5M	44.5M	386M	146M
Accounts Receivable, Total	305M	480M	400M	422M	845M
Total Receivables	305M	480M	400M	422M	845M
Other Current Assets, Total	12.64M	456M	66.8M	76M	194M
Total Current Assets	328M	972M	512M	884M	1.18B
Gross Property Plant And Equipment	11.34B	13.11B	14.4B	15.34B	26.08B
Accumulated Depreciation	-4.88B	-4.57B	-5.43B	-6.37B	-8.08B
Net Property Plant And Equipment	6.47B	8.55B	8.96B	8.97B	18B
Long-term Investments	5.02M	9.4M	1.5M	-	-
Goodwill	-	-	-	-	-
Deferred Tax Assets Long-Term	73.82M	-	-	-	-
Other Long-Term Assets, Total	5.39M	2.7M	125M	93.7M	109M
Total Assets	6.88B	9.53B	9.6B	9.95B	19.29B
Liabilities
Accounts Payable, Total	400M	549M	509M	767M	1.33B
Accrued Expenses, Total	25.35M	16.1M	10.1M	11.2M	22.7M
Current Portion of Long-Term Debt	1.21M	-	-	-	195M
Current Portion of Leases	3.5M	6.6M	7.8M	15.4M	63.1M
Unearned Revenue Current, Total	2.31M	2.3M	2.3M	2.3M	2.3M
Other Current Liabilities	107M	180M	38.4M	40.4M	73.8M
Total Current Liabilities	540M	754M	568M	836M	1.69B
Long-Term Debt	1.06B	1.84B	1.36B	1.02B	2.87B
Long-Term Leases	26.17M	22.4M	18.8M	104M	637M
Unearned Revenue Non Current	54.75M	52.4M	50.1M	72.8M	58.5M
Deferred Tax Liability Non Current	-	798M	1.04B	1.04B	1.59B
Other Non Current Liabilities	1.46B	1.01B	1.1B	1.12B	1.45B
Total Liabilities	3.14B	4.48B	4.13B	4.2B	8.29B
Common Stock, Total	4.96B	4.87B	4.8B	4.72B	9.76B
Additional Paid In Capital	11.02M	12.2M	16.9M	20.6M	24.1M
Retained Earnings	-1.23B	165M	655M	1.01B	1.22B
Total Common Equity	3.74B	5.05B	5.48B	5.75B	11B
Total Equity	3.74B	5.05B	5.48B	5.75B	11B
Total Liabilities And Equity	6.88B	9.53B	9.6B	9.95B	19.29B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	626M	606M	598M	588M	1.21B
ECS Total Common Shares Outstanding	616M	609M	598M	588M	1.21B
Book Value / Share	6.07	8.3	9.16	9.78	9.06
Tangible Book Value	3.74B	5.05B	5.48B	5.75B	11B
Tangible Book Value Per Share	6.07	8.3	9.16	9.78	9.06
Total Debt	1.09B	1.87B	1.38B	1.14B	3.77B
Net Debt	1.08B	1.84B	1.34B	757M	3.62B
Debt Equivalent Oper. Leases	-	-	-	-	-
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	453	522	542	567	1.04K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	1.78B	1.68B	889M	812M	985M
Depreciation & Amortization - CF	546M	806M	865M	975M	1.71B
Amortization of Goodwill and Intangible Assets - (CF)	24.29M	36.3M	33.6M	37.3M	50.3M
Impairment of Oil, Gas & Mineral Properties - (CF)	-1.85B	-654M	6.6M	16.3M	13.4M
Depreciation & Amortization, Total	-1.28B	189M	905M	1.03B	1.77B
(Gain) Loss From Sale Of Asset	-23.35M	-2.3M	-78.8M	-246M	-7.6M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	7.96M	11.1M	14.4M	16.6M	22.2M
Other Operating Activities, Total	614M	449M	61.4M	20.9M	166M
Change in Other Net Operating Assets	25.29M	-140M	-48.9M	201M	-252M
Cash from Operations	1.12B	2.18B	1.74B	1.83B	2.69B
Capital Expenditure	-428M	-686M	-954M	-1.14B	-2.08B
Sale of Property, Plant, and Equipment	186M	23.4M	360M	509M	305M
Cash Acquisitions	-217M	-1.88B	-164M	-	111M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	71.37M	45.6M	-7.6M	64.1M	308M
Cash from Investing	-387M	-2.5B	-766M	-564M	-1.35B
Long-Term Debt Issued, Total	-	789M	-	-	1.04B
Total Debt Issued	-	789M	-	-	1.04B
Long-Term Debt Repaid, Total	-453M	-4.1M	-496M	-344M	-1.79B
Total Debt Repaid	-453M	-4.1M	-496M	-344M	-1.79B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-164M	-242M	-123M	-130M	-193M
Common Dividends Paid	-126M	-237M	-373M	-433M	-736M
Common & Preferred Stock Dividends Paid	-126M	-237M	-373M	-433M	-736M
Other Financing Activities, Total	7.2M	8.3M	14.1M	-700K	37.7M
Cash from Financing	-737M	313M	-977M	-907M	-1.64B
Miscellaneous Cash Flow Adjustments	-	-	-	-300K	-
Net Change in Cash	-	-	-	362M	-303M
Supplemental Items
Cash Interest Paid	43.65M	61.6M	71.9M	71.2M	135M
Cash Income Tax Paid (Refund)	-	-	-	126M	294M
Levered Free Cash Flow	-16.66M	523M	956M	686M	678M
Unlevered Free Cash Flow	6.39M	548M	1.01B	742M	766M
Change In Net Working Capital	-186M	406M	-281M	-230M	-68.5M
Net Debt Issued / Repaid	-453M	785M	-496M	-344M	-745M

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	29.21	17.32	7.68	5.89	6.49
Return on Total Capital	42.81	24.19	10.67	8.37	8.76
Return On Equity %	75.02	38.14	16.89	14.47	11.76
Return on Common Equity	75.02	38.14	16.89	14.47	11.76
Margin Analysis
Gross Profit Margin %	64.78	69.53	62.75	62.15	60.44
SG&A Margin	1.8	1.34	1.77	1.91	2.37
EBITDA Margin %	225.01	62.66	64.23	58.14	62.8
EBITA Margin %	106.32	58.94	37.46	28.71	30.34
EBIT Margin %	105.26	58.02	36.41	27.59	29.36
Income From Continuing Operations Margin %	77.99	42.77	27.52	24.34	19.05
Net Income Margin %	77.99	42.77	27.52	24.34	19.05
Net Avail. For Common Margin %	77.99	42.77	27.52	24.34	19.05
Normalized Net Income Margin	64.77	35.62	21.14	15.56	16.64
Levered Free Cash Flow Margin	-0.73	13.34	29.58	20.56	13.12
Unlevered Free Cash Flow Margin	0.28	13.97	31.2	22.24	14.82
Asset Turnover
Asset Turnover	0.44	0.48	0.34	0.34	0.35
Fixed Assets Turnover	0.5	0.52	0.37	0.37	0.38
Receivables Turnover (Average Receivables)	10.83	9.98	7.34	8.12	8.16
Short Term Liquidity
Current Ratio	0.61	1.29	0.9	1.06	0.7
Quick Ratio	0.58	0.69	0.78	0.97	0.59
Operating Cash Flow to Current Liabilities	2.08	2.89	3.07	2.19	1.59
Days Sales Outstanding (Average Receivables)	33.71	36.56	49.74	45.09	44.72
Average Days Payable Outstanding	118.87	145.12	160.5	184.85	187.21
Long Term Solvency
Total Debt/Equity	29.06	37.1	25.25	19.89	34.24
Total Debt / Total Capital	22.51	27.06	20.16	16.59	25.51
LT Debt/Equity	28.93	36.97	25.1	19.62	31.89
Long-Term Debt / Total Capital	22.42	26.97	20.04	16.37	23.76
Total Liabilities / Total Assets	45.63	47.01	42.96	42.24	42.98
EBIT / Interest Expense	65.01	56.98	14.09	10.26	10.74
EBITDA / Interest Expense	139.16	61.7	24.93	21.71	23.29
(EBITDA - Capex) / Interest Expense	127.54	44.5	13.51	9.05	8.6
Total Debt / EBITDA	0.21	0.76	0.66	0.59	1.14
Net Debt / EBITDA	0.21	0.75	0.64	0.39	1.1
Total Debt / (EBITDA - Capex)	0.23	1.06	1.23	1.41	3.1
Net Debt / (EBITDA - Capex)	0.23	1.03	1.19	0.93	2.98
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	180.94	72.01	-17.57	3.34	54.88
Gross Profit, 1 Yr. Growth %	242.79	84.6	-25.6	2.35	50.62
EBITDA, 1 Yr. Growth %	1.01K	-52.1	-15.51	-6.46	67.32
EBITA, 1 Yr. Growth %	-207.44	-4.64	-47.62	-20.79	63.65
EBIT, 1 Yr. Growth %	-205.77	-5.19	-48.26	-21.7	64.82
Earnings From Cont. Operations, 1 Yr. Growth %	-196.3	-5.66	-46.96	-8.63	21.21
Net Income, 1 Yr. Growth %	-196.3	-5.66	-46.96	-8.63	21.21
Normalized Net Income, 1 Yr. Growth %	-201.66	-5.4	-51.08	-23.93	65.63
Diluted EPS Before Extra, 1 Yr. Growth %	-165.27	-8.47	-45.93	-6.85	-27.21
Accounts Receivable, 1 Yr. Growth %	162.87	57.55	-16.66	5.5	100.07
Net Property, Plant and Equip., 1 Yr. Growth %	137.13	32.16	4.91	0.08	100.64
Total Assets, 1 Yr. Growth %	103.41	38.55	0.76	3.62	93.91
Tangible Book Value, 1 Yr. Growth %	275.09	35.04	8.46	4.94	91.43
Common Equity, 1 Yr. Growth %	275.09	35.04	8.46	4.94	91.43
Cash From Operations, 1 Yr. Growth %	149.66	94.23	-20.18	5.22	46.49
Capital Expenditures, 1 Yr. Growth %	118.7	60.21	38.94	1.05	82.68
Levered Free Cash Flow, 1 Yr. Growth %	-101.5	-3.22K	82.34	-12.52	-1.19
Unlevered Free Cash Flow, 1 Yr. Growth %	-99.44	8.57K	83.56	-11.27	3.24
Dividend Per Share, 1 Yr. Growth %	-3.51	86.77	55.26	20.5	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	37.76	119.83	19.07	-7.71	26.51
Gross Profit, 2 Yr. CAGR %	36.57	151.56	17.19	-12.74	24.16
EBITDA, 2 Yr. CAGR %	185.82	130.78	-36.38	-11.1	25.1
EBITA, 2 Yr. CAGR %	310.23	1.22	-29.33	-35.59	13.86
EBIT, 2 Yr. CAGR %	294.45	0.14	-29.96	-36.35	13.6
Earnings From Cont. Operations, 2 Yr. CAGR %	237.61	-4.69	-29.26	-30.38	5.24
Net Income, 2 Yr. CAGR %	237.61	-4.69	-29.26	-30.38	5.24
Normalized Net Income, 2 Yr. CAGR %	241.8	-1.93	-31.97	-39	12.25
Diluted EPS Before Extra, 2 Yr. CAGR %	178.62	-22.71	-29.65	-29.03	-17.65
Accounts Receivable, 2 Yr. CAGR %	33.04	103.5	14.59	-6.23	45.28
Net Property, Plant and Equip., 2 Yr. CAGR %	13.14	77.03	17.74	2.47	41.71
Total Assets, 2 Yr. CAGR %	13.3	67.88	18.15	2.18	41.75
Tangible Book Value, 2 Yr. CAGR %	15.45	125.06	21.02	6.68	41.73
Common Equity, 2 Yr. CAGR %	13.01	125.06	21.02	6.68	41.73
Cash From Operations, 2 Yr. CAGR %	31.97	120.21	24.51	-8.36	24.15
Capital Expenditures, 2 Yr. CAGR %	2.98	87.21	49.19	28.68	35.87
Levered Free Cash Flow, 2 Yr. CAGR %	-77.69	-31.41	655.32	14.43	-7.03
Unlevered Free Cash Flow, 2 Yr. CAGR %	-86.76	-30.86	1.16K	16.28	-4.29
Dividend Per Share, 2 Yr. CAGR %	-21.65	34.24	71.34	36.78	9.77
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	21.91	48.34	58.52	13.58	9.68
Gross Profit, 3 Yr. CAGR %	19.68	51	67.6	12.02	4.67
EBITDA, 3 Yr. CAGR %	80.14	57.58	65.09	-27.66	9.76
EBITA, 3 Yr. CAGR %	142.6	152.23	-18.74	-26.59	-12.11
EBIT, 3 Yr. CAGR %	149.75	145.25	-19.65	-27.31	-12.6
Earnings From Cont. Operations, 3 Yr. CAGR %	201.03	120.72	-21.6	-22.96	-16.25
Net Income, 3 Yr. CAGR %	201.03	120.72	-21.6	-22.96	-16.25
Normalized Net Income, 3 Yr. CAGR %	185.72	122.75	-22.22	-29.39	-14.9
Diluted EPS Before Extra, 3 Yr. CAGR %	169.93	92.25	-31.39	-22.75	-28.43
Accounts Receivable, 3 Yr. CAGR %	36.02	40.75	51.12	11.47	20.71
Net Property, Plant and Equip., 3 Yr. CAGR %	7.54	19.15	48.69	11.54	28.19
Total Assets, 3 Yr. CAGR %	4.9	21.16	41.61	13.1	26.51
Tangible Book Value, 3 Yr. CAGR %	6.37	21.64	76.45	15.4	29.64
Common Equity, 3 Yr. CAGR %	5.01	19.92	76.45	15.4	29.64
Cash From Operations, 3 Yr. CAGR %	15.58	50.12	57.01	17.72	7.15
Capital Expenditures, 3 Yr. CAGR %	-3.43	19.33	69.49	38.43	44.62
Levered Free Cash Flow, 3 Yr. CAGR %	-59.16	16.01	-4.9	244.74	8.97
Unlevered Free Cash Flow, 3 Yr. CAGR %	-71.55	14.51	-4.18	389.9	11.76
Dividend Per Share, 3 Yr. CAGR %	-13.4	4.66	41.49	52.37	23.22
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	33.14	35.23	20.77	22.69	44.84
Gross Profit, 5 Yr. CAGR %	31.91	35.34	18.68	21.26	48.65
EBITDA, 5 Yr. CAGR %	73.88	32.17	18.8	25.33	47.76
EBITA, 5 Yr. CAGR %	52.17	78.74	48.13	46.11	-7
EBIT, 5 Yr. CAGR %	53.37	74.39	50.19	42.98	-7.71
Earnings From Cont. Operations, 5 Yr. CAGR %	59.75	68.34	68.67	39.12	-11.8
Net Income, 5 Yr. CAGR %	59.75	68.34	68.67	39.12	-11.8
Normalized Net Income, 5 Yr. CAGR %	56.28	67.27	60.93	32.69	-9.93
Diluted EPS Before Extra, 5 Yr. CAGR %	42.62	51.94	57.63	29.05	-26.19
Accounts Receivable, 5 Yr. CAGR %	24.44	28.03	27	19.64	48.76
Net Property, Plant and Equip., 5 Yr. CAGR %	6.53	9.84	11.51	12.17	45.86
Total Assets, 5 Yr. CAGR %	6.02	9.84	10.01	13.18	41.67
Tangible Book Value, 5 Yr. CAGR %	4.44	9.48	12.01	15.42	61.64
Common Equity, 5 Yr. CAGR %	3.61	8.66	11.14	14.44	61.64
Cash From Operations, 5 Yr. CAGR %	25.21	34.88	19.07	23.22	42.94
Capital Expenditures, 5 Yr. CAGR %	-11.46	-12.08	14.93	22.99	60.35
Levered Free Cash Flow, 5 Yr. CAGR %	-48.65	-5.99	31.33	15.44	-9.4
Unlevered Free Cash Flow, 5 Yr. CAGR %	-57.27	-4.61	29.42	15.27	-7.72
Dividend Per Share, 5 Yr. CAGR %	-9.89	6.53	13.78	16.77	27.83