Declared Dividend • Jun 01
Dividend of US$0.072 announced Shareholders will receive a dividend of US$0.072. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 97%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 42% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 63% to shift the payout ratio to a potentially unsustainable range, which is more than the 15% EPS decline seen over the last 5 years. Reported Earnings • May 31
Full year 2025 earnings released: EPS: US$0.45 (vs US$1.09 loss in FY 2024) Full year 2025 results: EPS: US$0.45 (up from US$1.09 loss in FY 2024). Revenue: US$87.2m (down 22% from FY 2024). Net income: US$8.82m (up US$30.4m from FY 2024). Profit margin: 10% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue is expected to decline by 81% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 4.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Announcement • May 30
Orca Energy Group Inc. Declares Quarterly Cash Dividend on Class A Shares and Class B Shares, Payable on July 15, 2026 Orca Energy Group Inc. announced that its Board of Directors has declared a quarterly cash dividend of CAD 0.10 per Class A Common Voting Share (Class A Shares) of the company and CAD 0.10 per Class B Subordinate Voting Share (Class B Shares) of the company. The dividend will be payable on July 15, 2026 to holders of Class A Shares and Class B Shares of record on June 30, 2026. Announcement • Apr 27
Orca Energy Group Inc., Annual General Meeting, Jun 17, 2026 Orca Energy Group Inc., Annual General Meeting, Jun 17, 2026. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CA$3.89, the stock trades at a trailing P/E ratio of 3.5x. Average forward P/E is 11x in the Oil and Gas industry in Canada. Total returns to shareholders of 133% over the past three years. Announcement • Apr 14
Taifa Gas Tanzania Limited and Amber Energy Investment L.L.C-FZ agreed to acquire PAE PanAfrican Energy Corporation Limited from Orca Energy Group Inc. (TSXV:ORC.B). Taifa Gas Tanzania Limited and Amber Energy Investment L.L.C-FZ agreed to acquire PAE PanAfrican Energy Corporation Limited from Orca Energy Group Inc. (TSXV:ORC.B) on April 13, 2026. A cash consideration will be paid by Taifa Gas Tanzania Limited and Amber Energy Investment L.L.C-FZ. As part of consideration, an undisclosed value is paid towards common equity of PAE PanAfrican Energy Corporation Limited.
The transaction is subject to subject to antitrust regulations, approval by regulatory board / committee and approval of offer by target shareholders. New Risk • Apr 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 40% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (15% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (CA$103.5m market cap, or US$75.2m). Upcoming Dividend • Mar 25
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 31 March 2026. Payment date: 14 April 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 70%. Within top quartile of Canadian dividend payers (5.7%). Higher than average of industry peers (3.5%). Declared Dividend • Mar 09
Dividend of US$0.073 announced Shareholders will receive a dividend of US$0.073. Ex-date: 31st March 2026 Payment date: 14th April 2026 Dividend yield will be 97%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 42% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 63% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.7% EPS decline seen over the last 5 years. Announcement • Mar 06
Orca Energy Group Inc. Declares Quarterly Cash Dividend for Class A and Class B Shares, Payable on April 14, 2026 Orca Energy Group Inc. announced that its Board of Directors has declared a quarterly cash dividend of CAD 0.10 per Class A Common Voting Share of the Company and CAD 0.10 per Class B Subordinate Voting Share of the Company. The dividend will be payable on April 14, 2026 to holders of Class A Shares and Class B Shares of record on March 31, 2026. Buy Or Sell Opportunity • Mar 02
Now 34% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.2% to CA$3.29. The fair value is estimated to be CA$5.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last 3 years. Earnings per share has declined by 81%. Announcement • Mar 02
Orca Energy Group Inc. Announces Discontinuance of Swala Tanzanian Court Proceedings Orca Energy Group Inc. together with its subsidiaries PAE Pan African Energy Corporation and PanAfrican Energy Tanzania Limited, announces that it has entered into an agreement with Swala Oil and Gas (Tanzania) plc (in liquidation) ("Swala") for the discontinuation of Swala's proceedings against the Orca Group before the High Court of Tanzania in Case No. 11561 of 2025, and the staying of the anti-suit injunction filed by the Orca Group against Swala in the High Court of England and Wales Commercial Court on 24 October 2025. The Orca Group and Swala have agreed to refer any such dispute to a confidential arbitration conducted under the Arbitration Rules of the London Court of International Arbitration, with London as the place and seat of such arbitration. Upcoming Dividend • Feb 23
Upcoming dividend of CA$2.00 per share Eligible shareholders must have bought the stock before 02 March 2026. Payment date: 27 February 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 55%. Within top quartile of Canadian dividend payers (5.5%). Higher than average of industry peers (3.7%). Announcement • Feb 10
Orca Energy Group Inc. Announces Special Cash Dividend on Class A Common Voting Share and Class B Subordinate Voting Share , Payable on February 27, 2026 Orca Energy Group Inc. announced that its Board of Directors has declared a special cash dividend of CAD 2.00 per Class A Common Voting Share of the Company and CAD 2.00 per Class B Subordinate Voting Share of the Company (collectively, the "Common Shares"). The Special Dividend will be payable on February 27, 2026 to holders of Common Shares of record on February 13, 2026 . Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CA$4.25, the stock trades at a trailing P/E ratio of 3.8x. Average forward P/E is 15x in the Oil and Gas industry in Canada. Total returns to shareholders of 47% over the past three years. New Risk • Jan 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$96.8m (US$69.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 40% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (CA$96.8m market cap, or US$69.7m). Upcoming Dividend • Dec 24
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 31 December 2025. Payment date: 14 January 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of Canadian dividend payers (5.9%). Higher than average of industry peers (4.4%). Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$3.51, the stock trades at a trailing P/E ratio of 3.1x. Average forward P/E is 11x in the Oil and Gas industry in Canada. Total returns to shareholders of 28% over the past three years. Declared Dividend • Dec 01
Dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 31st December 2025 Payment date: 14th January 2026 Dividend yield will be 42%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 9.9% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 63% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.7% EPS decline seen over the last 5 years. Reported Earnings • Nov 28
Third quarter 2025 earnings released: EPS: US$0.99 (vs US$0.11 in 3Q 2024) Third quarter 2025 results: EPS: US$0.99 (up from US$0.11 in 3Q 2024). Revenue: US$21.7m (down 12% from 3Q 2024). Net income: US$19.5m (up US$17.4m from 3Q 2024). Profit margin: 90% (up from 8.4% in 3Q 2024). Revenue is expected to decline by 67% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 3.5%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Oct 07
Now 25% undervalued Over the last 90 days, the stock has risen 4.2% to CA$3.49. The fair value is estimated to be CA$4.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • Sep 23
Orca Energy Group Inc. Announces Dividend, Payable on October 6, 2025 Orca Energy Group Inc. announced that its Board of Directors has declared a cash dividend of CAD 1.00 per Class A Common Voting Share of the Company and CAD 1.00 per Class B Subordinate Voting Share of the Company (collectively, the "Common Shares"). The Dividend will be payable on October 6, 2025 (the "Payment Date") to holders of Common Shares of record on September 29, 2025 (the "Record Date"). Upcoming Dividend • Sep 22
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 15 October 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 11%. Within top quartile of Canadian dividend payers (5.8%). Higher than average of industry peers (4.4%). Buy Or Sell Opportunity • Aug 26
Now 21% undervalued Over the last 90 days, the stock has risen 17% to CA$3.50. The fair value is estimated to be CA$4.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Aug 17
Second quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 12%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (13% cash payout ratio). The dividend has increased by an average of 12% per year over the past 6 years. However, payments have been volatile during that time. Announcement • Aug 16
Orca Energy Group Inc. Declares Quarterly Cash Dividend on Class A Common and Class B Subordinate Voting Shares, Payable on October 15, 2025 Orca Energy Group Inc. announced that its Board of Directors has declared a quarterly cash dividend of CAD 0.10 per Class A Common Voting Share ("Class A Shares") of the Company and CAD 0.10 per Class B Subordinate Voting Share ("Class B Shares") of the Company. The dividend will be payable on October 15, 2025 to holders of Class A Shares and Class B Shares of record on September 30, 2025. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: US$1.13 (vs US$0.06 in 2Q 2024) Second quarter 2025 results: EPS: US$1.13 (up from US$0.06 in 2Q 2024). Revenue: US$24.3m (down 3.0% from 2Q 2024). Net income: US$22.4m (up US$21.2m from 2Q 2024). Profit margin: 92% (up from 4.7% in 2Q 2024). Revenue is expected to decline by 62% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 3.2%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Jul 18
Orca Energy Group Inc. Announces Departure of Ewen Denning as Chief Operating Officer Orca Energy Group Inc. announced that Mr. Ewen Denning is no longer employed in the position of Chief Operating Officer with the Company and its subsidiaries, effective July 15, 2025. The Company is not seeking a replacement for Mr. Denning. Board Change • Jul 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. CFO & Executive Director Lisa Mitchell was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Jun 23
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 15 July 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 13%. Within top quartile of Canadian dividend payers (6.1%). Higher than average of industry peers (4.7%). Declared Dividend • May 18
First quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 16%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (19% cash payout ratio). The dividend has increased by an average of 12% per year over the past 6 years. However, payments have been volatile during that time. Announcement • May 15
Orca Energy Group Inc. Declares Quarterly Cash Dividend for Class A and Class B Shares, Payable on July 15, 2025 Orca Energy Group Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.10 (Cdn) per Class A Common Voting Share of the Company and $0.10 (Cdn) per Class B Subordinate Voting Share of the Company. The dividend will be payable on July 15, 2025 to holders of Class A Shares and Class B Shares of record on June 30, 2025. Reported Earnings • May 02
Full year 2024 earnings released: US$1.09 loss per share (vs US$0.35 profit in FY 2023) Full year 2024 results: US$1.09 loss per share (down from US$0.35 profit in FY 2023). Revenue: US$111.6m (up 1.2% from FY 2023). Net loss: US$21.6m (down 408% from profit in FY 2023). Revenue is expected to decline by 18% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 2.8%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Announcement • May 02
Orca Energy Group Inc. Provides Sales Guidance for the Year 2025 Orca Energy Group Inc. provided sales guidance for the year 2025 . For the year, the company expected currently forecast average Additional Gas sales for 2025 to be in the range of 70 MMcfd -72 MMcfd for the full year which is estimated to be 4% lower than 2024. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CA$3.30, the stock trades at a trailing P/E ratio of 12.3x. Average forward P/E is 7x in the Oil and Gas industry in Canada. Total loss to shareholders of 14% over the past three years. Announcement • Apr 08
Orca Energy Group Inc., Annual General Meeting, Jun 17, 2025 Orca Energy Group Inc., Annual General Meeting, Jun 17, 2025. Upcoming Dividend • Mar 24
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 31 March 2025. Payment date: 14 April 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 14%. Within top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (4.7%). Declared Dividend • Feb 20
Third quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 31st March 2025 Payment date: 14th April 2025 Dividend yield will be 15%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (158% earnings payout ratio). However, it is well covered by cash flows (26% cash payout ratio). The dividend has increased by an average of 11% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 75% to bring the payout ratio under control. However, EPS has declined by 15% over the last 5 years so the company would need to reverse this trend. Announcement • Feb 15
Orca Energy Group Inc. Declares Quarterly Cash Dividend on Class A Common and Class B Subordinate Voting Shares, Payable on April 14, 2025 Orca Energy Group Inc. announced that its Board of Directors has declared a quarterly cash dividend of CAD 0.10 per Class A Common Voting Share of the company and CAD 0.10 per Class B Subordinate Voting Share of the company. The dividend will be payable on April 14, 2025 to holders of Class A Shares and Class B Shares of record on March 31, 2025. Upcoming Dividend • Dec 24
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 31 December 2024. Payment date: 14 January 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 13%. Within top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (4.8%). Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$3.22, the stock trades at a trailing P/E ratio of 11.9x. Average forward P/E is 9x in the Oil and Gas industry in Canada. Total loss to shareholders of 20% over the past three years. Declared Dividend • Nov 15
Third quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 31st December 2024 Payment date: 14th January 2025 Dividend yield will be 15%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (161% earnings payout ratio). However, it is well covered by cash flows (26% cash payout ratio). The dividend has increased by an average of 11% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 79% to bring the payout ratio under control. However, EPS has declined by 15% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: US$0.10 (vs US$0.013 in 3Q 2023) Third quarter 2024 results: EPS: US$0.10 (up from US$0.013 in 3Q 2023). Revenue: US$24.8m (down 9.5% from 3Q 2023). Net income: US$2.09m (up US$1.83m from 3Q 2023). Profit margin: 8.4% (up from 0.9% in 3Q 2023). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Nov 13
Orca Energy Group Inc. Announces Quarterly Cash Dividend on Class A Common Voting Share and Class B Subordinate Voting Share, Payable on January 14, 2025 Orca Energy Group Inc. announced that its Board of Directors has declared a quarterly cash dividend of CAD 0.10 per Class A Common Voting Share of the Company and CAD 0.10 per Class B Subordinate Voting Share of the Company. The dividend will be payable on January 14, 2025 to holders of Class A Shares and Class B Shares of record on December 31, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 14 October 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 12%. Within top quartile of Canadian dividend payers (5.8%). Higher than average of industry peers (4.8%). Declared Dividend • Aug 25
Second quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 27th September 2024 Payment date: 14th October 2024 Dividend yield will be 13%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (134% earnings payout ratio). However, it is well covered by cash flows (21% cash payout ratio). The dividend has increased by an average of 14% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 49% to bring the payout ratio under control. However, EPS has declined by 19% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Aug 23
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: US$25.0m (down 11% from 2Q 2023). Net income: US$1.19m (down 56% from 2Q 2023). Profit margin: 4.7% (down from 9.7% in 2Q 2023). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 17% per year. Announcement • Aug 23
Orca Energy Group Inc. Provides Sales Guidance for the Full Year 2024 Orca Energy Group Inc. provided sales guidance for the full year 2024. For the year, the company expected additional Gas sales for 2024 to be in the range of 70 MMcfd to 80 MMcfd. Announcement • Aug 22
Orca Energy Group Inc. Announces Quarterly Dividend, Payable on October 14 , 2024 Orca Energy Group Inc. announced that its Board of Directors has declared a quarterly cash dividend of CAD 0.10 per Class A Common Voting Share ("Class A Shares") of the Company and CAD 0.10 per Class B Subordinate Voting Share ("Class B Shares") of the Company. The dividend will be payable on October 14, 2024 to holders of Class A Shares and Class B Shares of record on September 30, 2024. Announcement • Aug 20
Orca Energy Group Inc. to Report Q2, 2024 Results on Aug 23, 2024 Orca Energy Group Inc. announced that they will report Q2, 2024 results on Aug 23, 2024 Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CA$2.91, the stock trades at a trailing P/E ratio of 9.3x. Average forward P/E is 8x in the Oil and Gas industry in Canada. Total loss to shareholders of 34% over the past three years. Announcement • Jun 06
Orca Energy Group Inc. Appoints Frannie Léautier as Director Orca Energy Group Inc. announced that at its AGM held on June 5, 2024, the shareholders approved the appointment of Dr. Frannie Léautier as director. Declared Dividend • May 19
First quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 28th June 2024 Payment date: 12th July 2024 Dividend yield will be 10%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 14% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 4.8% to shift the payout ratio to a potentially unsustainable range, which is less than the 17% EPS decline seen over the last 5 years. Reported Earnings • May 16
First quarter 2024 earnings released First quarter 2024 results: Revenue: US$24.9m (down 18% from 1Q 2023). Net income: US$969.0k (down 72% from 1Q 2023). Profit margin: 3.9% (down from 12% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.5% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Announcement • May 16
Orca Energy Group Inc. Announces Quarterly Dividend, Payable on July 12, 2024 Orca Energy Group Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per Class A Common Voting Share ("Class A Shares") of the Company and $0.10 per Class B Subordinate Voting Share ("Class B Shares") of the Company. The dividend will be payable on July 12, 2024 to holders of Class A Shares and Class B Shares of record on June 28, 2024. New Risk • Apr 05
New major risk - Revenue and earnings growth Earnings have declined by 4.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.4% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.4% net profit margin). Reported Earnings • Apr 05
Full year 2023 earnings released Full year 2023 results: Revenue: US$110.2m (down 6.7% from FY 2022). Net income: US$7.01m (down 75% from FY 2022). Profit margin: 6.4% (down from 24% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Apr 05
Orca Energy Group Inc. Provides Sales Guidance for the Full Year 2024 Orca Energy Group Inc. provided sales guidance for the full year 2024. For the year, the company expected additional Gas sales for 2024 to be in the range of 80 MMcfd to 90 MMcfd. Announcement • Mar 30
Orca Energy Group Inc., Annual General Meeting, Jun 05, 2024 Orca Energy Group Inc., Annual General Meeting, Jun 05, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 12 April 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 9.6%. Within top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (5.0%). Announcement • Feb 07
Orca Energy Group Inc. Provides Production Guidance for the Full Year 2024 Orca Energy Group Inc. provided production guidance for the full year 2024. The company forecast average gas production (for AG) to be in the range of 80 MMcfd to 90 MMcfd for the full year. Declared Dividend • Feb 05
Third quarter dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 28th March 2024 Payment date: 12th April 2024 Dividend yield will be 8.7%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 14% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 02
Orca Energy Group Inc. Announces Quarterly Dividend, Payable on April 12, 2024 Orca Energy Group Inc. announced that its Board of Directors has declared a quarterly cash dividend of CAD 0.10 per Class A Common Voting Share of the Company and CAD 0.10 per Class B Subordinate Voting Share of the Company. The dividend will be payable on April 12, 2024 to holders of Class A Shares and Class B Shares of record on March 29, 2024. Upcoming Dividend • Dec 21
Upcoming dividend of CA$0.10 per share at 8.7% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 12 January 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 8.7%. Within top quartile of Canadian dividend payers (6.5%). Higher than average of industry peers (5.3%). Announcement • Nov 18
Orca Energy Group Inc. Provides Production Guidance for the Year 2023 and 2024 Orca Energy Group Inc. provided production guidance for the year 2023 and 2024. The company remain confident in achieving revised guidance range of 85 MMcfd – 90 MMcfd for 2023. The company's additional gas average production guidance for 2024 continues to be set within the range of 80 MMcfd – 90 MMcfd. Announcement • Nov 17
Orca Energy Group Inc. Announces Quarterly Dividend, Payable on January 12, 2024 Orca Energy Group Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.10 (Cdn) per Class A Common Voting Share of the Company and $0.10 (Cdn) per Class B Subordinate Voting Share of the Company. The dividend will be payable on January 12, 2024 to holders of Class A Shares and Class B Shares of record on December 29, 2023. Reported Earnings • Nov 16
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: US$27.4m (down 10% from 3Q 2022). Net income: US$256.0k (down 98% from 3Q 2022). Profit margin: 0.9% (down from 38% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Oct 31
Orca Energy Group Inc. Provides Sales Forecast for the 2023 and Production Guidance for 2024 Orca Energy Group Inc. provided sales forecast for the 2023 and production guidance for 2024. For the 2023, the company forecasts average AG gas sales for 2023 to be within the revised range of 85 - 90 MMcfd, compared to full year sales for 2022 sales of 86.8 MMcfd, due to declining production.For the 2024, the company forecasts Average production guidance (AG) for 2024 is forecast to be in the range of 80- 90 MMcfd for the full year, based on current contracted volumes and the end of the Protected Gas ("PG") regime on July 31, 2024. Announcement • Oct 17
Orca Energy Group Inc. to Report Q3, 2023 Results on Nov 15, 2023 Orca Energy Group Inc. announced that they will report Q3, 2023 results on Nov 15, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.10 per share at 8.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 8.1%. Within top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (5.0%). Reported Earnings • Aug 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$28.0m (flat on 2Q 2022). Net income: US$2.72m (down 59% from 2Q 2022). Profit margin: 9.7% (down from 23% in 2Q 2022). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Aug 17
Orca Energy Group Inc. Announces Quarterly Dividend on Class A and Class B Common Shares, Payable on October 13, 2023 Orca Energy Group Inc. announced that its Board of Directors has declared a quarterly cash dividend of CAD 0.10 per Class A Common Voting Share of the Company and CAD 0.10 per Class B Subordinate Voting Share of the Company. The dividend will be payable on October 13, 2023 to holders of Class A Shares and Class B Shares of record on September 29, 2023. Announcement • Jul 18
Orca Energy Group Inc. to Report Q2, 2023 Results on Aug 16, 2023 Orca Energy Group Inc. announced that they will report Q2, 2023 results on Aug 16, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.10 per share at 7.4% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 7.4%. Within top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (5.9%). Announcement • May 18
Orca Energy Group Inc. Announces Quarterly Dividend on Class A and Class B Common Shares, Payable on July 14, 2023 Orca Energy Group Inc. announced that its Board of Directors has declared a quarterly cash dividend of CAD 0.10 per Class A Common Voting Share of the Company and CAD 0.10 per Class B Subordinate Voting Share ("Class B Shares") of the Company. The dividend will be payable on July 14, 2023 to holders of Class A Shares and Class B Shares of record on June 30, 2023. Reported Earnings • Apr 29
Full year 2022 earnings released Full year 2022 results: Revenue: US$118.1m (up 37% from FY 2021). Net income: US$27.7m (up 69% from FY 2021). Profit margin: 24% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to remain flat. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.10 per share at 7.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 7.9%. Within top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (5.5%). Announcement • Feb 02
Orca Energy Group Inc. Provides sales Forecast for the Year 2023 Orca Energy Group Inc. provided sales forecast for the year 2023. For the period, the company forecasts average gross gas sales of 95.0 MMscfd during 2023, representing a 9% increase over 2022 sales of 86.8 MMscfd and a 55% increase over 2021 sales of 61.1 MMscfd. Upcoming Dividend • Dec 22
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 13 January 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 8.6%. Within top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (5.1%).