Reported Earnings • May 05
Full year 2025 earnings released: CA$0.24 loss per share (vs CA$1.20 loss in FY 2024) Full year 2025 results: CA$0.24 loss per share (improved from CA$1.20 loss in FY 2024). Revenue: CA$11.7m (down 17% from FY 2024). Net loss: CA$4.53m (loss narrowed 73% from FY 2024). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Gas Utilities industry in North America. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 23
Third quarter 2025 earnings released: CA$0.046 loss per share (vs CA$0.024 loss in 3Q 2024) Third quarter 2025 results: CA$0.046 loss per share (further deteriorated from CA$0.024 loss in 3Q 2024). Revenue: CA$2.81m (down 22% from 3Q 2024). Net loss: CA$1.04m (loss widened 213% from 3Q 2024). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Gas Utilities industry in North America. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings. Tillkännagivande • Oct 14
EverGen Infrastructure Corp., Annual General Meeting, Dec 11, 2025 EverGen Infrastructure Corp., Annual General Meeting, Dec 11, 2025. Tillkännagivande • Sep 27
EverGen Infrastructure Corp. Provides Operations and Development Updates EverGen Infrastructure Corp. provided an update on operations across its renewable natural gas ("RNG") and organic waste processing facilities. During July and August 2025, EverGen's Fraser Valley Biogas ("FVB") and GrowTEC facilities produced approximately 16,000 gigajoules ("GJs") (520 GJ/d) in July and more than 17,000 GJs (550 GJ/d) in August. These results highlight continued momentum at EverGen's core RNG assets and demonstrate the stability and scalability of the platform. At EverGen's organic waste processing facilities, Pacific Coast Renewables ("PCR") and Sea to Sky Soils ("SSS"), team concentrated on optimization initiatives focused on screening finished compost and reducing inventory. In July, the PCR RNG Expansion project achieved a key regulatory milestone with support from Abbotsford City Council. In addition, PCR entered into a termination agreement with the City of Coquitlam, terminating a legacy organics processing contract from 2019, under which no volumes were received in Second Quarter 2025. These initiatives, alongside a refreshed management team and targeted turnaround activities, are positioning the business to attract higher-value organic feedstock, with process improvements and RNG expansion expected to support increased revenue in 2026 and long-term profitability. EverGen remains committed to optimizing its RNG and organics processing platform, delivering strong operational performance while driving sustainable growth. Price Target Changed • Aug 26
Price target decreased by 10.0% to CA$2.25 Down from CA$2.50, the current price target is an average from 2 analysts. New target price is 463% above last closing price of CA$0.40. Stock is down 82% over the past year. The company is forecast to post a net loss per share of CA$0.12 next year compared to a net loss per share of CA$1.20 last year. Reported Earnings • Aug 24
Second quarter 2025 earnings released: CA$0.10 loss per share (vs CA$0.053 loss in 2Q 2024) Second quarter 2025 results: CA$0.10 loss per share (further deteriorated from CA$0.053 loss in 2Q 2024). Revenue: CA$2.78m (down 34% from 2Q 2024). Net loss: CA$1.84m (loss widened 149% from 2Q 2024). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Gas Utilities industry in North America. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 48% per year, which means it has not declined as severely as earnings. Tillkännagivande • Aug 20
EverGen Infrastructure Corp. to Report Q2, 2025 Results on Aug 21, 2025 EverGen Infrastructure Corp. announced that they will report Q2, 2025 results After-Market on Aug 21, 2025 New Risk • Jul 14
New major risk - Revenue and earnings growth Earnings have declined by 46% 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 Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 46% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Market cap is less than US$10m (CA$10.8m market cap, or US$7.87m). Tillkännagivande • Jun 27
EverGen Infrastructure Corp. Announces Chief Financial Officer Changes, Effective June 27, 2025 EverGen Infrastructure Corp. announced the appointment of Maria O’Sullivan as its Interim Chief Financial Officer ("CFO"), effective immediately. Ms. O'Sullivan will replace Sean Hennessy who has resigned from his role as of the same day. Maria is a Chartered Accountant with over 12 years of finance and accounting experience, primarily within in the energy and infrastructure industries. Maria obtained her Chartered Accountant designation at KPMG Ireland, before relocating to Canada. She is experienced with financial reporting for public companies under both IFRS and US GAAP, on both the New York Stock Exchange and the Toronto Stock Exchange. Maria holds a Bachelor of Commerce and French from the University of Galway and a Master of Accounting from University College Dublin. New Risk • May 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 61% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Market cap is less than US$10m (CA$10.1m market cap, or US$7.34m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CA$400k net loss in 2 years). Reported Earnings • May 07
Full year 2024 earnings released Full year 2024 results: Net income: (up CA$4.42m from FY 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. New Risk • May 06
New major risk - Revenue and earnings growth Earnings have declined by 18% 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 Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (CA$8.29m market cap, or US$6.02m). Minor Risk Currently unprofitable and not forecast to become profitable next year (CA$2.5m net loss next year). Board Change • Apr 29
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. No highly experienced directors. Independent Director Cain Ozturgut was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Apr 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (CA$9.84m market cap, or US$7.09m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CA$941k net loss in 2 years). Tillkännagivande • Apr 23
EverGen Infrastructure Corp. announced that it expects to receive CAD 7 million in funding from Ask America Llc and other investors EverGen Infrastructure Corp. announced a private placement of up to 11,666,667 common shares at a price of CAD 0.60 per share for the gross proceeds of CAD 7,000,000.2 on April 22, 2025. The transaction will include participation from lead investor, Ask America Llc for 8,333,333 shares for CAD 5,000,000 and other investor. The Common Shares issued pursuant to the Private Placement will be subject to a four month hold period. The completion of the Private Placement and the Change of Management is expected to occur in early May 2025. The transaction is is subject to approval of the TSX Venture Exchange.
The company issued 3,000,000 shares at a price of CAD 0.6 per share for the gross proceeds of CAD 1,800,000 to Ask America Llc in its first tranche closing. Price Target Changed • Mar 21
Price target decreased by 20% to CA$3.00 Down from CA$3.75, the current price target is an average from 4 analysts. New target price is 253% above last closing price of CA$0.85. Stock is down 62% over the past year. The company is forecast to post a net loss per share of CA$0.24 next year compared to a net loss per share of CA$0.32 last year. New Risk • Mar 03
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 11% 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 Market cap is less than US$10m (CA$14.2m market cap, or US$9.84m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$2.5m). Currently unprofitable and not forecast to become profitable over next 2 years (CA$706k net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Price Target Changed • Mar 03
Price target decreased by 13% to CA$3.50 Down from CA$4.00, the current price target is an average from 4 analysts. New target price is 393% above last closing price of CA$0.71. Stock is down 66% over the past year. The company is forecast to post a net loss per share of CA$0.22 next year compared to a net loss per share of CA$0.32 last year. Tillkännagivande • Mar 01
Evergen Infrastructure Provides Operations and Development Updates EverGen Infrastructure Corp. announced operational updates at its Pacific Coast Renewables and Prairie Sky Organics facilities. Pacific Coast Renewables: Since acquiring the facility in 2021, EverGen has invested in a series of environmental performance improvements to meet the highest regulatory standards and prepare for the facility’s expansion. As part of these efforts, EverGen has sought recognition from its municipal partners in the form of increased tipping fees now secured for the facility. This increased revenue is anticipated to offset higher operating costs at the site, largely driven by increased regulatory standards and disposal costs from a fire at the facility in early December 2024. Greater Vancouver experienced its wettest year in 25 years, with record precipitation limiting the facility’s ability to process materials during high-rainfall months due to regulatory requirements. As a result, operational adjustments were necessary, which the increased revenue is expected to help support. Additionally, EverGen has secured a permitting milestone for the PCR RNG expansion project. The City of Abbotsford Agricultural Advisory Committee (“AAC”) has endorsed the RNG expansion project and recommended it for approval. Upon receiving the City of Abbotsford Council approval, the final regulatory step is securing authorization from the Agricultural Land Commission, which is expected to be reviewed in the second half of 2025. New Risk • Feb 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.9m (US$9.76m) This is considered a major 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 Market cap is less than US$10m (CA$13.9m market cap, or US$9.76m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$2.5m). Currently unprofitable and not forecast to become profitable over next 2 years (CA$706k net loss in 2 years). Major Estimate Revision • Nov 28
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$14.9m to CA$14.7m. Losses expected to increase from CA$0.18 per share to CA$0.22. Gas Utilities industry in Canada expected to see average net income growth of 35% next year. Consensus price target down from CA$4.00 to CA$3.75. Share price was steady at CA$1.71 over the past week. New Risk • Nov 22
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CA$4.1m Forecast net loss in 2 years: CA$706k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$3.0m). Currently unprofitable and not forecast to become profitable over next 2 years (CA$706k net loss in 2 years). Market cap is less than US$100m (CA$23.7m market cap, or US$16.9m). Breakeven Date Change • Nov 22
No longer forecast to breakeven The 2 analysts covering EverGen Infrastructure no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CA$703.3k in 2025. New consensus forecast suggests the company will make a loss of CA$750.3k in 2025. Reported Earnings • Nov 21
Third quarter 2024 earnings: EPS in line with expectations, revenues disappoint Third quarter 2024 results: CA$0.024 loss per share (improved from CA$0.075 loss in 3Q 2023). Revenue: CA$3.60m (up 57% from 3Q 2023). Net loss: CA$333.0k (loss narrowed 68% from 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Gas Utilities industry in North America. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Nov 14
EverGen Infrastructure Corp. to Report Q3, 2024 Results on Nov 20, 2024 EverGen Infrastructure Corp. announced that they will report Q3, 2024 results After-Market on Nov 20, 2024 Tillkännagivande • Sep 10
EverGen Infrastructure Corp., Annual General Meeting, Nov 05, 2024 EverGen Infrastructure Corp., Annual General Meeting, Nov 05, 2024. Major Estimate Revision • Aug 28
Consensus EPS estimates fall by 23%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CA$13.6m to CA$14.9m. Forecast EPS reduced from -CA$0.15 to -CA$0.185 per share. Gas Utilities industry in Canada expected to see average net income growth of 22% next year. Consensus price target of CA$3.67 unchanged from last update. Share price rose 5.3% to CA$2.19 over the past week. Reported Earnings • Aug 23
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: CA$0.053 loss per share (improved from CA$0.064 loss in 2Q 2023). Revenue: CA$4.24m (up 96% from 2Q 2023). Net loss: CA$737.0k (loss narrowed 17% from 2Q 2023). Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Gas Utilities industry in North America. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 26% per year. Tillkännagivande • Aug 09
EverGen Infrastructure Corp. to Report Q2, 2024 Results on Aug 21, 2024 EverGen Infrastructure Corp. announced that they will report Q2, 2024 results After-Market on Aug 21, 2024 New Risk • May 30
New major risk - Revenue and earnings growth Earnings have declined by 22% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-CA$17m free cash flow). Earnings have declined by 22% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CA$27.3m market cap, or US$19.9m). Tillkännagivande • May 24
EverGen Infrastructure Corp. to Report Q1, 2024 Results on May 28, 2024 EverGen Infrastructure Corp. announced that they will report Q1, 2024 results After-Market on May 28, 2024 Major Estimate Revision • Apr 29
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$13.8m to CA$12.8m. Now expected to report a loss of CA$0.045 per share instead of CA$0.02 per share profit previously forecast. Gas Utilities industry in Canada expected to see average net income growth of 16% next year. Consensus price target down from CA$4.00 to CA$3.67. Share price was steady at CA$2.20 over the past week. Breakeven Date Change • Apr 28
Forecast breakeven date pushed back to 2025 The analyst covering EverGen Infrastructure previously expected the company to break even in 2024. New forecast suggests losses will reduce by 86% to 2024. The company is expected to make a profit of CA$2.97m in 2025. Average annual earnings growth of 139% is required to achieve expected profit on schedule. Price Target Changed • Apr 24
Price target decreased by 10% to CA$3.67 Down from CA$4.08, the current price target is an average from 3 analysts. New target price is 75% above last closing price of CA$2.10. Stock is down 33% over the past year. The company is forecast to post earnings per share of CA$0.02 next year compared to a net loss per share of CA$0.32 last year. Reported Earnings • Apr 23
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CA$0.32 loss per share (further deteriorated from CA$0.30 loss in FY 2022). Revenue: CA$8.44m (up 13% from FY 2022). Net loss: CA$4.42m (loss widened 7.9% from FY 2022). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Gas Utilities industry in North America. Tillkännagivande • Apr 11
EverGen Infrastructure Corp. to Report Q4, 2023 Results on Apr 22, 2024 EverGen Infrastructure Corp. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Apr 22, 2024 Price Target Changed • Nov 24
Price target decreased by 18% to CA$4.08 Down from CA$5.00, the current price target is an average from 3 analysts. New target price is 93% above last closing price of CA$2.12. Stock is down 0.9% over the past year. The company is forecast to post a net loss per share of CA$0.23 next year compared to a net loss per share of CA$0.30 last year. Reported Earnings • Nov 24
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: CA$0.075 loss per share (improved from CA$0.13 loss in 3Q 2022). Revenue: CA$2.29m (up 17% from 3Q 2022). Net loss: CA$1.04m (loss narrowed 43% from 3Q 2022). Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Gas Utilities industry in North America. Tillkännagivande • Nov 17
EverGen Infrastructure Corp. to Report Q3, 2023 Results on Nov 22, 2023 EverGen Infrastructure Corp. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 22, 2023 Board Change • Oct 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Interim Executive Chair Ford Nicholson is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Sep 24
EverGen Infrastructure Corp. Announces Chief Executive Officer Changes EverGen Infrastructure Corp. announced that it has appointed Mischa Zajtmann as Interim Chief Executive Officer and a Director of the Company. Chase Edgelow, who co-founded the company and has led EverGen from inception as Chief Executive Officer and a member of the board of directors of the Company, will step down from his management and board roles to pursue other opportunities effective September 22, 2023. Mr. Edgelow will stay on as a strategic advisor to the Company providing organizational support and continuity. Mr. Zajtmann, who also serves as President of the Company, brings extensive public company leadership experience and an integrated legal, financial and strategic skillset with a focus on project delivery and operational discipline. His appointment will ensure a smooth transition and operational continuity while the Executive Chair and Board engage in activating their strategy to unlock value for the Company. Mr. Zajtmann will focus on execution of a set of near-term milestones, such as completing the RNG expansion at Fraser Valley Biogas and advancing core projects. Tillkännagivande • Sep 23
EverGen Infrastructure Corp., Annual General Meeting, Nov 30, 2023 EverGen Infrastructure Corp., Annual General Meeting, Nov 30, 2023. Reported Earnings • Aug 24
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: CA$0.064 loss per share (further deteriorated from CA$0.041 loss in 2Q 2022). Revenue: CA$2.16m (down 8.5% from 2Q 2022). Net loss: CA$891.0k (loss widened 63% from 2Q 2022). Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 200%. Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Gas Utilities industry in North America. Tillkännagivande • Aug 18
EverGen Infrastructure Corp. to Report Q2, 2023 Results on Aug 23, 2023 EverGen Infrastructure Corp. announced that they will report Q2, 2023 results After-Market on Aug 23, 2023 Major Estimate Revision • May 31
Consensus EPS estimates upgraded to CA$0.045 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -CA$0.05 to -CA$0.045 per share. Revenue forecast steady at CA$11.6m. Gas Utilities industry in Canada expected to see average net income growth of 7.9% next year. Consensus price target of CA$4.83 unchanged from last update. Share price fell 3.3% to CA$2.93 over the past week. Reported Earnings • May 26
First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2023 results: CA$0.066 loss per share (further deteriorated from CA$0.016 loss in 1Q 2022). Revenue: CA$1.68m (up 18% from 1Q 2022). Net loss: CA$907.0k (loss widened 314% from 1Q 2022). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 6.7%. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Gas Utilities industry in North America. Tillkännagivande • May 19
EverGen Infrastructure Corp. to Report Q1, 2023 Results on May 24, 2023 EverGen Infrastructure Corp. announced that they will report Q1, 2023 results on May 24, 2023 Reported Earnings • Apr 14
Full year 2022 earnings released: CA$0.30 loss per share (vs CA$0.18 loss in FY 2021) Full year 2022 results: CA$0.30 loss per share (further deteriorated from CA$0.18 loss in FY 2021). Revenue: CA$7.46m (down 22% from FY 2021). Net loss: CA$4.10m (loss widened 110% from FY 2021). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Gas Utilities industry in North America. Board Change • Dec 31
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Co-Founder, CEO & Director Chase Edgelow is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Major Estimate Revision • Nov 28
Consensus EPS estimates fall by 110% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CA$8.42m to CA$7.90m. Losses expected to increase from CA$0.10 per share to CA$0.22. Gas Utilities industry in Canada expected to see average net income growth of 11% next year. Consensus price target down from CA$7.08 to CA$6.33. Share price was steady at CA$2.10 over the past week. Breakeven Date Change • Nov 25
Forecast breakeven date pushed back to 2024 The 2 analysts covering EverGen Infrastructure previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 65% per year to 2023. The company is expected to make a profit of CA$4.80m in 2024. Average annual earnings growth of 128% is required to achieve expected profit on schedule. Reported Earnings • Nov 22
Third quarter 2022 earnings released: CA$0.13 loss per share (vs CA$0.04 profit in 3Q 2021) Third quarter 2022 results: CA$0.13 loss per share (down from CA$0.04 profit in 3Q 2021). Revenue: CA$1.96m (up 1.0% from 3Q 2021). Net loss: CA$1.83m (down 472% from profit in 3Q 2021). Revenue is forecast to grow 71% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Gas Utilities industry in North America. Price Target Changed • Nov 16
Price target decreased to CA$7.08 Down from CA$8.00, the current price target is an average from 3 analysts. New target price is 226% above last closing price of CA$2.17. Stock is down 50% over the past year. The company is forecast to post a net loss per share of CA$0.10 next year compared to a net loss per share of CA$0.18 last year. Tillkännagivande • Nov 16
EverGen Infrastructure Corp. to Report Q3, 2022 Results on Nov 21, 2022 EverGen Infrastructure Corp. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 21, 2022 Tillkännagivande • Oct 07
EverGen Infrastructure Corp. Appoints Sean Hennessy as Chief Financial Officer EverGen Infrastructure Corp. announced the appointment of Sean Hennessy as Chief Financial Officer (“CFO”), effective immediately. Prior to his appointment as CFO, Sean held the position of Vice President, Finance & Controller. Sean is a chartered accountant with over 15 years of finance and accounting experience in the clean energy and infrastructure industries, which includes ten years at a global energy infrastructure company owned by Brookfield Business Partners. Sean obtained his Chartered Accountant designation while at PwC New Zealand, where he worked in both the tax and assurance practices, before transitioning to Canada. He is experienced with financial reporting for public companies under both IFRS and US GAAP, on both the New York Stock Exchange and the Toronto Stock Exchange. Sean completed a Bachelor of Commerce and Administration (Accounting, Finance and Commercial Law) degree and a Bachelor of Science (Mathematics) degree at Victoria University of Wellington. Tillkännagivande • Oct 05
EverGen Infrastructure Corp. Provides Development Update on Phase 1 of the GrowTEC RNG Expansion Project EverGen Infrastructure Corp. announce that construction on Phase 1 of the GrowTEC RNG Expansion Project is 80% complete and is tracking ahead of schedule. GrowTEC is an operating biogas facility which focuses on sustainable agriculture through the conversion of organic waste to soil amendments and clean energy. Since acquiring a 67% interest and assuming operatorship of the Project earlier this year, EverGen has been successful to date in implementing the Project designed to upgrade existing biogas and power production to renewable natural gas (RNG). The Project is finalising construction of the injection infrastructure for tie-in into the local pipeline network and is anticipated to be ready to commission in the next month. Once complete, Phase 1, is expected to produce 80,000 gigajoules of RNG annually, which is underpinned by a long-term offtake agreement with FortisBC. The Phase 2 expansion is expected to add an additional 60,000 gigajoules of RNG annually for a total of 140,000 gigajoules of RNG production annually from the Project. Tillkännagivande • Aug 26
EverGen Infrastructure Corp., Annual General Meeting, Nov 01, 2022 EverGen Infrastructure Corp., Annual General Meeting, Nov 01, 2022. Reported Earnings • Aug 24
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: CA$0.041 loss per share (down from CA$0.04 profit in 2Q 2021). Revenue: CA$2.36m (up 22% from 2Q 2021). Net loss: CA$546.0k (down 211% from profit in 2Q 2021). Revenue missed analyst estimates by 20%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 62% compared to a 3.8% decline forecast for the Gas Utilities industry in Canada. Tillkännagivande • Aug 10
EverGen Infrastructure Corp. to Report Q2, 2022 Results on Aug 23, 2022 EverGen Infrastructure Corp. announced that they will report Q2, 2022 results After-Market on Aug 23, 2022 Tillkännagivande • Jul 15
EverGen Infrastructure Corp. (TSXV:EVGN) completed the acquisition of a 67% stake in Alberta Based Renewable Natural Gas Facility from Grow the Energy Circle Ltd. for CAD 7.7 million. EverGen Infrastructure Corp. (TSXV:EVGN) entered into a Letter Of Intent to acquire a 67% stake in Alberta Based Renewable Natural Gas Facility from Grow the Energy Circle Ltd. for CAD 10.1 million on March 4, 2022. The consideration for the transaction will be CAD 6.6 million consisting of an initial cash consideration of CAD 3.3 million and the issuance of 600,000 common shares of EverGen. Additional cash consideration of up to CAD 4 million will be made upon achievement of certain milestones. Consideration for EverGen’s interest in the project will be funded from existing working capital and cash flow. GrowTEC will have the right to nominate a Director to the EverGen board at closing of the proposed transaction. Completion of the proposed transaction remains subject to a number of conditions, including the satisfactory completion of due diligence, the receipt of any required regulatory approvals including TSXV approval and the negotiation of definitive documentation. Closing of the proposed transaction is expected to be completed in Spring of 2022.
EverGen Infrastructure Corp. (TSXV:EVGN) completed the acquisition of a 67% stake in Alberta Based Renewable Natural Gas Facility from Grow the Energy Circle Ltd. for CAD 7.7 million on July 14, 2022. EverGen acquired a 67% interest in the project for cash consideration of CAD 2.1 million, subject to working capital adjustments, and the issuance of 600,000 common shares of EverGen that were issued on July 13, 2022. Additional cash consideration of up to CAD 4.0 million will be made upon achievement of certain operational milestones. Tillkännagivande • May 24
EverGen Infrastructure Corp. to Report Q1, 2022 Results on May 24, 2022 EverGen Infrastructure Corp. announced that they will report Q1, 2022 results After-Market on May 24, 2022 Breakeven Date Change • Apr 27
Forecast breakeven date moved forward to 2022 The 2 analysts covering EverGen Infrastructure previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of CA$400.0k in 2022. Earnings growth of 100% is required to achieve expected profit on schedule. Tillkännagivande • Apr 21
EverGen Infrastructure Corp. to Report Q4, 2021 Results on Apr 21, 2022 EverGen Infrastructure Corp. announced that they will report Q4, 2021 results After-Market on Apr 21, 2022 Major Estimate Revision • Mar 12
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from CA$8.70m to CA$8.55m. Losses expected to increase from CA$0.08 per share to CA$0.09. Commercial Services industry in Canada expected to see average net income growth of 83% next year. Consensus price target of CA$9.67 unchanged from last update. Share price rose 8.0% to CA$4.97 over the past week. Executive Departure • Dec 06
Chief Financial Officer Jennifer Schilling has left the company During their tenure, earnings grew by 35% annually compared to the industry average of 1.7%. We don't have any record of a personal shareholding under Jennifer's name. Jennifer is the only executive to leave the company over the last 12 months. Major Estimate Revision • Nov 30
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from CA$8.85m to CA$8.70m. 2021 losses expected to reduce from -CA$0.10 to -CA$0.085 per share. Commercial Services industry in Canada expected to see average net income growth of 96% next year. Consensus price target down from CA$10.00 to CA$9.67. Share price rose 37% to CA$5.29 over the past week. Tillkännagivande • Aug 05
EverGen Infrastructure Corp. has completed an IPO in the amount of CAD 20.02 million. EverGen Infrastructure Corp. has completed an IPO in the amount of CAD 20.02 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 2,926,000
Price\Range: CAD 6.5
Discount Per Security: CAD 0.39
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 154,000
Price\Range: CAD 6.5
Discount Per Security: CAD 0.195 
