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Headwater Exploration Inc.TSX:HWX Stock Report

Market Cap CA$3.0b
Share Price
CA$12.79
n/a
1Y100.5%
7D2.2%
Portfolio Value
View

Headwater Exploration Inc.

TSX:HWX Stock Report

Market Cap: CA$3.0b

Headwater Exploration (HWX) Stock Overview

Engages in the exploration, development, and production of petroleum and natural gas resources in Canada. More details

HWX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends2/6

HWX Community Fair Values

Create Narrative

See what 34 others think this stock is worth. Follow their fair value or set your own to get alerts.

Headwater Exploration Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Headwater Exploration
Historical stock prices
Current Share PriceCA$12.79
52 Week HighCA$13.29
52 Week LowCA$4.75
Beta1.08
1 Month Change6.85%
3 Month Change38.87%
1 Year Change100.47%
3 Year Change106.96%
5 Year Change226.28%
Change since IPO1,837.88%

Recent News & Updates

Headwater Exploration Inc. (TSE:HWX) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected

Feb 05
Headwater Exploration Inc. (TSE:HWX) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected

Recent updates

Headwater Exploration Inc. (TSE:HWX) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected

Feb 05
Headwater Exploration Inc. (TSE:HWX) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected

Headwater Exploration (TSE:HWX) Will Pay A Dividend Of CA$0.11

Dec 04
Headwater Exploration (TSE:HWX) Will Pay A Dividend Of CA$0.11

There's No Escaping Headwater Exploration Inc.'s (TSE:HWX) Muted Earnings Despite A 28% Share Price Rise

Nov 20
There's No Escaping Headwater Exploration Inc.'s (TSE:HWX) Muted Earnings Despite A 28% Share Price Rise

Headwater Exploration (TSE:HWX) Is Paying Out A Dividend Of CA$0.11

Sep 15
Headwater Exploration (TSE:HWX) Is Paying Out A Dividend Of CA$0.11

Headwater Exploration (TSE:HWX) Is Paying Out A Dividend Of CA$0.11

Jul 28
Headwater Exploration (TSE:HWX) Is Paying Out A Dividend Of CA$0.11

The Market Doesn't Like What It Sees From Headwater Exploration Inc.'s (TSE:HWX) Earnings Yet

Jul 14
The Market Doesn't Like What It Sees From Headwater Exploration Inc.'s (TSE:HWX) Earnings Yet

Headwater Exploration's (TSE:HWX) Dividend Will Be CA$0.11

May 13
Headwater Exploration's (TSE:HWX) Dividend Will Be CA$0.11

Headwater Exploration Inc.'s (TSE:HWX) CEO Will Probably Find It Hard To See A Huge Raise This Year

May 02
Headwater Exploration Inc.'s (TSE:HWX) CEO Will Probably Find It Hard To See A Huge Raise This Year

Headwater Exploration's (TSE:HWX) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 17
Headwater Exploration's (TSE:HWX) Shareholders Will Receive A Bigger Dividend Than Last Year

A Look At The Intrinsic Value Of Headwater Exploration Inc. (TSE:HWX)

Jan 13
A Look At The Intrinsic Value Of Headwater Exploration Inc. (TSE:HWX)

Headwater Exploration (TSE:HWX) Is Due To Pay A Dividend Of CA$0.10

Nov 12
Headwater Exploration (TSE:HWX) Is Due To Pay A Dividend Of CA$0.10

We Ran A Stock Scan For Earnings Growth And Headwater Exploration (TSE:HWX) Passed With Ease

Oct 04
We Ran A Stock Scan For Earnings Growth And Headwater Exploration (TSE:HWX) Passed With Ease

Returns On Capital Are A Standout For Headwater Exploration (TSE:HWX)

Sep 07
Returns On Capital Are A Standout For Headwater Exploration (TSE:HWX)

Investors Aren't Entirely Convinced By Headwater Exploration Inc.'s (TSE:HWX) Earnings

Aug 05
Investors Aren't Entirely Convinced By Headwater Exploration Inc.'s (TSE:HWX) Earnings

Shareholder Returns

HWXCA Oil and GasCA Market
7D2.2%1.5%-3.7%
1Y100.5%43.7%25.6%

Return vs Industry: HWX exceeded the Canadian Oil and Gas industry which returned 43.7% over the past year.

Return vs Market: HWX exceeded the Canadian Market which returned 25.6% over the past year.

Price Volatility

Is HWX's price volatile compared to industry and market?
HWX volatility
HWX Average Weekly Movement4.7%
Oil and Gas Industry Average Movement8.9%
Market Average Movement10.8%
10% most volatile stocks in CA Market19.5%
10% least volatile stocks in CA Market3.7%

Stable Share Price: HWX has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: HWX's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199639Jason Jaskelawww.headwaterexp.com

Headwater Exploration Inc. engages in the exploration, development, and production of petroleum and natural gas resources in Canada. It holds interest in the Marten Hills area located in Alberta; and the McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc. and changed its name to Headwater Exploration Inc. in March 2020.

Headwater Exploration Inc. Fundamentals Summary

How do Headwater Exploration's earnings and revenue compare to its market cap?
HWX fundamental statistics
Market capCA$3.04b
Earnings (TTM)CA$153.21m
Revenue (TTM)CA$514.29m
19.8x
P/E Ratio
5.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HWX income statement (TTM)
RevenueCA$514.29m
Cost of RevenueCA$132.21m
Gross ProfitCA$382.09m
Other ExpensesCA$228.88m
EarningsCA$153.21m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.64
Gross Margin74.29%
Net Profit Margin29.79%
Debt/Equity Ratio0%

How did HWX perform over the long term?

See historical performance and comparison

Dividends

3.4%
Current Dividend Yield
68%
Payout Ratio

Does HWX pay a reliable dividends?

See HWX dividend history and benchmarks
When do you need to buy HWX by to receive an upcoming dividend?
Headwater Exploration dividend dates
Ex Dividend DateMar 31 2026
Dividend Pay DateApr 15 2026
Days until Ex dividend9 days
Days until Dividend pay date24 days

Does HWX pay a reliable dividends?

See HWX dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/22 00:47
End of Day Share Price 2026/03/20 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Headwater Exploration Inc. is covered by 17 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Laique Ahmad Amir ArifATB Cormark
Patrick O'RourkeATB Cormark
Kuno RyckborstBeacon Securities Limited