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Advantage Energy Ltd.

Advantage Energy Ltd.

AAV.TO
Advantage Energy Ltd.CA flagToronto Stock Exchange
10.47
CAD
-0.06
- -
1.76BMarket Cap
Advantage Energy Ltd.
AAV.TO
(Toronto Stock Exchange)

Recent

price

10.47

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.95
2.15
1.61
0.83
1.27
0.78
0.89
1.25
1.22
1.35
1.31
2.59
5.16
3.31
3.36
4.23
4.16
Revenue per Share
0.25
-0.92
-0.53
-0.02
0.09
0.13
-0.09
0.51
0.06
-0.13
-1.51
2.17
1.81
0.61
0.13
0.32
0.32
Basic EPS, GAAP
-0.09
-0.1
-0.57
0.11
-0.25
-0.46
0.26
-0.23
-0.35
-0.09
-0.31
0.39
1.39
0.3
-0.52
-0.21
-0.34
Free Cash Flow per Basic Share
- -
0.04
0.08
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-6.18
6.36
5.83
5.78
5.87
5.97
6.04
6.47
6.54
6.42
4.93
7.09
7.6
8.22
8.71
8.86
8.81
Book Value per Share
7.42
7.49
7.22
7.15
6.46
6.58
6.64
7.07
7.16
7.05
5.54
7.67
8.34
9.31
9.94
9.98
10.01
Tangible Book Value per Share
163
165
168
168
169
171
182
186
186
187
188
190
187
167
164
167
167
Basic Weighted Avg Shares
319
355
269
140
216
132
162
232
227
252
245
492
964
552
550
706
694
Sales/Revenue/Turnover
31.74
6.36
-5.57
11.05
44.09
7.68
1.67
16.71
4.18
7.87
4.53
44.38
55.71
27.35
6.23
14
12.95
Operating Margin (%)
125
153
132
72
85
87
116
118
119
119
111
107
134
149
199
228
229
Depreciation Expense
41
-153
-89
-3
16
21
-16
95
11
-25
-284
412
339
102
22
53
54
Net Income, GAAP
30.69
- -
- -
- -
28.95
26.61
- -
28.18
34.44
- -
- -
22.74
23.74
26.22
38.9
32.64
31.08
Effective Tax Rate (%)
12.81
-43
-33.14
-2.41
7.28
16.16
-9.72
41.01
4.89
-9.78
-115.9
83.64
35.12
18.41
3.95
7.51
7.79
Profit Margin (%)
-104
-93
40
-67
-112
30
-19
19
28
-19
-16
-7
41
-22
-87
-235
-103
Working Capital
362
309
352
354
110
287
153
209
271
298
247
167
177
213
593
540
565
LT Debt
1,212
1,239
1,209
1,204
1,094
1,122
1,208
1,312
1,332
1,316
1,040
1,460
1,565
1,556
1,634
1,688
1,676
Total Equity
4.22
- -
- -
- -
4.74
0.55
- -
1.93
0.4
- -
- -
11.58
24.14
6.22
1.01
2.77
2.62
Return on Invested Capital (%)
-10.41
- -
- -
- -
1.97
2.34
- -
7.51
1.26
- -
- -
31.76
22.58
7.69
2.85
4.25
4.57
Return on Capital (%)
- -
- -
-8.78
-0.35
1.59
2.12
-1.49
8.26
0.92
-2.04
-26.74
36.2
24.47
7.28
1.55
3.65
3.75
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
105
147
202
LT Borrowings
593
570
565
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
167
167
167
Market Capitalization
1,606
1,789
1,976

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
164
163
211
Cash, Cash Equivalents & STI
20
47
74
Accounts Receivable, Net
80
90
77
Inventories
- -
- -
- -
Total Current Liabilities
251
320
314
Payables & Accruals
117
134
91
ST Debt
105
147
202
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.09%
11.06%
3.32%
Free Cash Flow
-53.03%
-78.24%
-59.91%
Net Income, GAAP
-50.25%
-53.39%
144.26%
Sales/Revenue/Turnover
25.37%
36.4%
28.33%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
138
106
141
165
550
2025
222
167
182
- -
706
2026
207
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.14
-0.07
-0.04
- -
0.13
2025
-0.17
0.43
- -
- -
0.32
2026
0.18
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Advantage Energy Ltd. is a growth-oriented Canadian energy producer focused on the development and production of natural gas and liquids from its extensive Montney resource play; it also holds significant Charlie Lake rights for oil development. The company acquires, exploits, develops, and produces crude oil, condensate, natural gas liquids (NGLs), and natural gas, primarily from liquids-rich lands in Alberta's Glacier, Valhalla, Progress, Pipestone/Wembley, and British Columbia Montney areas, as well as Charlie Lake formations, with over 500 mmcf/d of owned natural gas processing capacity, proven plus probable reserves of 686 mmboe (as of year-end 2024), and 2025 production guidance of 80,000 to 83,000 boe/d (85-86% natural gas). Headquartered in Calgary, Alberta, and founded in 2001 (formerly Advantage Oil & Gas Ltd. until a 2021 name change), Advantage operates approximately 230 net sections of Montney rights in Alberta, 90 net sections in British Columbia Montney, and 258 net sections of Charlie Lake rights, targeting low-cost, low-emission energy exports with a drilling inventory exceeding 1,900 horizontal locations. In recent developments, Advantage closed a $450 million strategic asset acquisition in June 2024, funded partly by a $190 million bought deal financing, enhancing its liquids production which rose 66% year-over-year to 11,879 bbls/d in Q2 2025; the company reported record 2024 year-end results in March 2025 with first Charlie Lake wells exceeding historical type curves by over 65%, alongside Q3 2025 financial results in October 2025. Its subsidiary Entropy Inc. entered a definitive agreement in June 2025 to purchase strategic carbon storage assets for CA$20 million using convertible debentures, building on prior Canada Growth Fund investment and partnerships like Methanex for emissions reduction in July 2024; Advantage also renewed its normal course issuer bid and automatic share purchase plan in May 2025, reduced 2024 capital spending, and continues board refreshment with new appointments. These moves support a three-year plan emphasizing free cash flow generation, debt reduction to $450 million by year-end 2025, 5-10% annual production growth, and hedging 44% of remaining 2025 natural gas volumes.

Company News

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  • prnewswire.com

    KIMMERIDGE COMMENTS ON ADVANTAGE ENERGY'S RETURN OF CAPITAL FRAMEWORK