TSX:HWXOil and Gas
Headwater Exploration (TSX:HWX) Margin Compression Reinforces Bearish Earnings Narratives
Headwater Exploration (TSX:HWX) has put fresh numbers on the table for FY 2025, reporting fourth quarter revenue of CA$121.0 million and basic EPS of CA$0.12 alongside net income excluding extra items of CA$29.3 million. The company’s quarterly revenue moved from CA$135.7 million and EPS of CA$0.21 in Q4 2024 to CA$141.5 million and CA$0.21 in Q1 2025, then to CA$119.1 million and CA$0.16 in Q2 and CA$125.5 million with EPS of CA$0.15 in Q3. This sets up Q4’s CA$121.0 million and CA$0.12 as...