Whitecap Resources Inc.

TSX:WCP Stock Report

Market Cap: CA$20.5b

Whitecap Resources Management

Management criteria checks 4/4

Whitecap Resources' CEO is Grant Fagerheim, appointed in Jun 2008, has a tenure of 17.92 years. total yearly compensation is CA$6.58M, comprised of 9.9% salary and 90.1% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth CA$64.91M. The average tenure of the management team and the board of directors is 3.1 years and 6.8 years respectively.

Key information

Grant Fagerheim

Chief executive officer

CA$6.6m

Total compensation

CEO salary percentage9.88%
CEO tenure17.9yrs
CEO ownership0.3%
Management average tenure3.1yrs
Board average tenure6.8yrs

Recent management updates

Recent updates

Narrative Update • May 02

WCP: Cost Efficiencies And Buybacks Will Support Higher Execution-Driven Outlook

Whitecap Resources' fair value estimate has been updated to CA$18.60 from CA$17.13, reflecting a series of higher analyst price targets across several firms that highlight confidence in the company's execution. Analyst Commentary Recent research updates show several price target revisions for Whitecap Resources, with most clustered in the C$15 to C$16 range and one more recent move C$1.50 higher.
Narrative Update • Apr 18

WCP: Cost Efficiencies And Buybacks Will Support Richer Execution-Driven Outlook

Analysts have raised the fair value estimate for Whitecap Resources by about CA$0.63 to CA$17.13, citing a series of higher Street price targets and steady assumptions for growth, margins and future P/E that support a somewhat richer valuation. Analyst Commentary Recent Street research around Whitecap Resources has centered on higher price targets and updated ratings, reflecting a generally constructive tone on execution and valuation with a few points of restraint.
New Narrative • Apr 16

Debottlenecking And Liquids Growth Will Transform Long Life Reserves Into Stronger Future Cash Generation

Catalysts About Whitecap Resources Whitecap Resources is a Canadian oil and gas producer with a mix of unconventional growth assets and long life, lower decline conventional assets. What are the underlying business or industry changes driving this perspective?
Narrative Update • Apr 03

WCP: Cost Efficiencies And Buybacks Will Support Measured Execution-Driven Outlook

Analysts have raised the Whitecap Resources fair value estimate from CA$15.31 to CA$16.50, citing recent CA$1 to CA$2 price target increases from several firms and ongoing confidence in the company’s cost control, productivity and execution. Analyst Commentary Recent Street research on Whitecap Resources clusters around higher price targets and strong operational execution, while also flagging valuation and rating changes that readers should keep in mind.
New Narrative • Apr 01

High Condensate Focus And Long Term Gas Contracts Will Pressure Margins Over Time

Catalysts About Whitecap Resources Whitecap Resources is a Canadian energy producer focused on light oil, condensate and natural gas, with a mix of unconventional and conventional assets. What are the underlying business or industry changes driving this perspective?
Narrative Update • Mar 19

WCP: Cost Efficiencies And Buybacks Will Support Balanced Long Term Outlook

Analysts have nudged their fair value estimate for Whitecap Resources higher, with the modeled target moving from CA$15.09 to CA$15.31, as recent research points to continued cost efficiencies, steady productivity gains, and a tightening cluster of Street price targets in the CA$15 to CA$16 range. Analyst Commentary Recent Street research around Whitecap Resources has leaned constructive, with several fresh price targets clustering in the CA$15 to CA$16 range.
Narrative Update • Mar 04

WCP: Higher Profitability Expectations Will Support Bullish Long Term Outlook

The analyst fair value estimate for Whitecap Resources has moved from CA$14.03 to CA$15.09, with the shift supported by higher Street price targets clustered around CA$15 to CA$16 and analyst commentary pointing to improved profitability expectations on steady discount rate assumptions. Analyst Commentary Recent research is broadly constructive on Whitecap Resources, with several bullish analysts lifting their price targets into a CA$15 to CA$16 range and highlighting both operational execution and cost control.
Narrative Update • Feb 18

WCP: Updated Fair Value And P/E Will Support Balanced Long Term Outlook

Analysts have nudged their price target on Whitecap Resources slightly higher to CA$14.03 from CA$13.94. This reflects updated assumptions around fair value, discount rate and future P/E, while keeping revenue growth and profit margin expectations broadly consistent.
Narrative Update • Feb 04

WCP: Analyst Day Outlook Will Support Higher Long Term Earnings Multiple

Analysts have modestly adjusted their fair value estimate for Whitecap Resources to $13.94 from $13.53, reflecting updated assumptions around revenue growth, profit margins and future P/E expectations. What's in the News Whitecap Resources held an Analyst/Investor Day, giving the market an updated look at its business outlook and capital plans (Key Developments).
Narrative Update • Jan 21

WCP: Q3 Beat And 2026 Capital Efficiency Are Expected To Support Upside

Analysts have made a modest trim to their fair value estimate for Whitecap Resources to about $13.53 from $13.63, even as several firms recently raised their C$ price targets, citing stronger capital efficiency in the 2026 budget and adding the stock to favored lists. Analyst Commentary Bullish analysts are generally framing the recent research activity on Whitecap Resources as support for a constructive view on the stock, with several pointing to capital efficiency and updated price targets as key inputs to their work.
Narrative Update • Jan 06

WCP: Q3 Beat And 2026 Capital Efficiency Are Expected To Drive Upside

The analyst price target for Whitecap Resources edges slightly higher to about $13.63, as analysts cite recent target increases in the C$13 to C$15 range and highlight factors such as a Q3 beat, a more capital efficient 2026 budget and inclusion on preferred stock lists. Analyst Commentary Recent research activity around Whitecap Resources has been active, with several firms updating views and targets in a fairly tight C$13 to C$15 range.
Analysis Article • Dec 19

Whitecap Resources (TSE:WCP) Is Paying Out A Dividend Of CA$0.0608

Whitecap Resources Inc. ( TSE:WCP ) will pay a dividend of CA$0.0608 on the 15th of January. Based on this payment, the...
Narrative Update • Dec 13

WCP: Improved 2026 Capital Efficiency Will Drive Future Production Momentum

Analysts have nudged their average price target on Whitecap Resources modestly higher, with recent raises to C$15.00, C$14.00, and C$13.00 outweighing a single cut to C$13.00. They highlight the company’s Q3 beat, improved capital efficiency in its 2026 budget, and inclusion on key favorites lists.
Narrative Update • Nov 29

WCP: Execution On Production Growth And Buybacks Will Drive Momentum

Whitecap Resources' average analyst price target remained steady near C$13.60, as analysts cited improved capital efficiency and continued outperformance to support their outlook despite minor adjustments to individual targets. Analyst Commentary Recent analyst coverage of Whitecap Resources highlights a generally upbeat outlook, with several supporting increases to price targets and positive ratings.
Analysis Article • Nov 19

Whitecap Resources (TSE:WCP) Has Announced A Dividend Of CA$0.0608

Whitecap Resources Inc.'s ( TSE:WCP ) investors are due to receive a payment of CA$0.0608 per share on 15th of...
Narrative Update • Nov 15

WCP: Ongoing Capital Efficiency Improvements Will Drive Upward Momentum

Analysts have modestly increased their average price target for Whitecap Resources, with several citing stronger than expected capital efficiency and ongoing inclusion in top stock lists as supporting factors. Analyst Commentary Recent analyst reports on Whitecap Resources reflect a blend of optimism on operational efficiency and valuation, with some caution around near-term forecast adjustments.
Narrative Update • Nov 01

WCP: Future Performance Will Be Driven By Operational Efficiency And Capital Discipline

Analysts have modestly increased their price target for Whitecap Resources to C$13.59 from C$13.56, citing improving profit margins and favorable recent coverage. The reports highlight operational efficiency and a strengthened outlook.
Narrative Update • Oct 18

Integration And Advanced Drilling Will Unlock Future Value

The analyst price target for Whitecap Resources was recently increased to C$13.56 from C$13.10. Analysts cite improved fundamentals and sustained revenue growth as key factors behind the upward revision.
Analysis Article • Aug 21

Whitecap Resources (TSE:WCP) Has Affirmed Its Dividend Of CA$0.0608

The board of Whitecap Resources Inc. ( TSE:WCP ) has announced that it will pay a dividend on the 15th of September...
Analysis Article • Jul 24

Whitecap Resources (TSE:WCP) Has Affirmed Its Dividend Of CA$0.0608

Whitecap Resources Inc. ( TSE:WCP ) will pay a dividend of CA$0.0608 on the 15th of August. This means the annual...
Analysis Article • Jun 03

Weekly Picks: 🛢️ WCP's Global Leverage, MSFT's AI Momentum, and CDPR's Upside Potential

This week’s picks cover: Why Whitecap Resources can perform regardless of US policy decisions, why Microsoft is exceptionally well positioned to grow in an AI world, why Cerro De Pasco’s possible shift from an explorer to producer could deliver big upside.
User avatar
New Narrative • Mar 18

WhiteCap Is Positioned To Profit Regardless Of Trump's Policy

I believe the Canadian oil and gas sector is overlooked, mainly because of Donald Trump's upcoming second term.

CEO Compensation Analysis

How has Grant Fagerheim's remuneration changed compared to Whitecap Resources's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

CA$844m

Dec 31 2025CA$7mCA$650k

CA$985m

Sep 30 2025n/an/a

CA$911m

Jun 30 2025n/an/a

CA$981m

Mar 31 2025n/an/a

CA$915m

Dec 31 2024CA$6mCA$620k

CA$812m

Sep 30 2024n/an/a

CA$877m

Jun 30 2024n/an/a

CA$755m

Mar 31 2024n/an/a

CA$686m

Dec 31 2023CA$5mCA$590k

CA$889m

Sep 30 2023n/an/a

CA$909m

Jun 30 2023n/an/a

CA$1b

Mar 31 2023n/an/a

CA$1b

Dec 31 2022CA$5mCA$515k

CA$2b

Sep 30 2022n/an/a

CA$2b

Jun 30 2022n/an/a

CA$3b

Mar 31 2022n/an/a

CA$2b

Dec 31 2021CA$3mCA$458k

CA$2b

Sep 30 2021n/an/a

CA$2b

Jun 30 2021n/an/a

CA$383m

Mar 31 2021n/an/a

CA$286m

Dec 31 2020CA$2mCA$397k

-CA$2b

Sep 30 2020n/an/a

-CA$2b

Jun 30 2020n/an/a

-CA$2b

Mar 31 2020n/an/a

-CA$2b

Dec 31 2019CA$3mCA$425k

-CA$156m

Compensation vs Market: Grant's total compensation ($USD4.77M) is below average for companies of similar size in the Canadian market ($USD7.51M).

Compensation vs Earnings: Grant's compensation has been consistent with company performance over the past year.

CEO

Grant Fagerheim (66 yo)

17.9yrs
Tenure
CA$6,575,742
Compensation

Mr. Grant Bradley Fagerheim is Director of Canadian Association of Petroleum Producers. Mr. Fagerheim was Vice President of TAQA North Ltd. He has been Chief Executive Officer of Whitecap Resources Inc. si...

Leadership Team

NamePositionTenureCompensationOwnership
Grant Fagerheim
CEO & Director17.9yrsCA$6.58m0.32%
CA$ 64.9m
Thanh Kang
Senior VP & CFO16.7yrsCA$3.36m0.070%
CA$ 14.3m
Jeffrey Zdunich
Senior Vice President of Finance & Accounting1.3yrsCA$1.74m0.031%
CA$ 6.4m
David Mombourquette
Senior Vice President of Asset Development & IT5yrsCA$2.32m0.099%
CA$ 20.2m
Joel Armstrong
Senior Vice President of Productionno dataCA$2.33m0.035%
CA$ 7.2m
Joey Wong
Presidentno datano datano data
Travis Tweit
Chief Operating Officerno datano data0.019%
CA$ 3.9m
Timothy Richardson
General Counselno datano datano data
Chris Bullin
Vice President of Conventional Divisionno datano data0.019%
CA$ 3.9m
3.1yrs
Average Tenure
60yo
Average Age

Experienced Management: WCP's management team is considered experienced (3.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Grant Fagerheim
CEO & Director17.9yrsCA$6.58m0.32%
CA$ 64.9m
Kenneth Stickland
Independent Chairman of the Board12.9yrsCA$326.14k0.013%
CA$ 2.6m
Grant Zawalsky
Independent Director17.9yrsCA$249.00k0.058%
CA$ 11.9m
Stephen Nikiforuk
Independent Director16.8yrsCA$245.00k0.012%
CA$ 2.4m
Myron Stadnyk
Independent Director1yrCA$147.15k0.015%
CA$ 3.0m
Glenn McNamara
Independent Director15.7yrsCA$260.00k0.012%
CA$ 2.5m
Jodine Labrie
Independent Director1yrCA$147.11k0.0013%
CA$ 260.1k
Barbara Munroe
Independent Director1yrCA$147.10k0.0088%
CA$ 1.8m
Bradley Wall
Independent Director6.8yrsCA$226.11k0.0010%
CA$ 210.9k
Vineeta Maguire
Independent Director3yrsCA$230.00k0.0075%
CA$ 1.5m
Scott Althen
IndependentDirectorless than a yearno data0.0029%
CA$ 587.8k
6.8yrs
Average Tenure
61.5yo
Average Age

Experienced Board: WCP's board of directors are considered experienced (6.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/21 16:34
End of Day Share Price 2026/05/21 00:00
Earnings2026/03/31
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

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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

Whitecap Resources Inc. is covered by 30 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Patrick O'RourkeATB Cormark
Garett UrsuATB Cormark Historical (Cormark Securities)