Major Estimate Revision • May 19
Consensus revenue estimates increase by 22% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CA$237.0m to CA$289.5m. EPS estimate unchanged from CA$0.07 at last update. Oil and Gas industry in Canada expected to see average net income growth of 47% next year. Consensus price target of CA$1.29 unchanged from last update. Share price rose 2.1% to CA$0.97 over the past week. Reported Earnings • May 14
First quarter 2026 earnings released: CA$0.02 loss per share (vs CA$0.001 loss in 1Q 2025) First quarter 2026 results: CA$0.02 loss per share (further deteriorated from CA$0.001 loss in 1Q 2025). Revenue: CA$44.2m (up 39% from 1Q 2025). Net loss: CA$9.56m (loss widened CA$9.17m from 1Q 2025). Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Oil and Gas industry in Canada. Major Estimate Revision • Apr 21
Consensus EPS estimates increase by 133% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from CA$0.03 to CA$0.07. Revenue forecast unchanged at CA$237.0m. Net income forecast to grow 19% next year vs 20% growth forecast for Oil and Gas industry in Canada. Consensus price target up from CA$1.26 to CA$1.29. Share price was steady at CA$0.90 over the past week. New Risk • Apr 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor 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 Risk High level of non-cash earnings (41% accrual ratio). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Reported Earnings • Mar 19
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: CA$0.06 (up from CA$0.009 in FY 2024). Revenue: CA$163.7m (up 57% from FY 2024). Net income: CA$37.8m (up CA$33.2m from FY 2024). Profit margin: 23% (up from 4.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Oil and Gas industry in Canada. New Risk • Mar 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor 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 Risk High level of non-cash earnings (76% accrual ratio). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Price Target Changed • Mar 10
Price target increased by 8.5% to CA$1.27 Up from CA$1.17, the current price target is an average from 6 analysts. New target price is 48% above last closing price of CA$0.86. Stock is up 39% over the past year. The company is forecast to post earnings per share of CA$0.06 for next year compared to CA$0.0094 last year. Duyuru • Mar 10
Logan Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 33.05002 million. Logan Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 33.05002 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 45,274,000
Price\Range: CAD 0.73
Discount Per Security: CAD 0.0292
Transaction Features: Rule 144A Duyuru • Mar 09
Logan Energy Corp., Annual General Meeting, May 15, 2026 Logan Energy Corp., Annual General Meeting, May 15, 2026. Location: alberta, calgary Canada Duyuru • Feb 20
Logan Energy Corp. has filed a Follow-on Equity Offering in the amount of CAD 25.00031 million. Logan Energy Corp. has filed a Follow-on Equity Offering in the amount of CAD 25.00031 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 34,247,000
Price\Range: CAD 0.73
Discount Per Security: CAD 0.0292
Transaction Features: Rule 144A Duyuru • Feb 18
Logan Energy Corp. Provides Production Guidance for the Year 2029 Logan Energy Corp. provided production guidance for the year 2029. For the year, the McDaniel Report forecasts production within the Total Proved plus Probable category of 31,789 BOE per day which is comprised of 116,298 mcf/d of natural gas, 1,980 bbl/d of NGLs, 86 bbl/d of condensate and 10,340 bbl/d of oil. Duyuru • Jan 06
Logan Energy Corp. Provides Production Guidance for the Second Half and Full Year 2026 Logan Energy Corp. provided production guidance for the second half and full year 2026. For the year, the expected to deliver average production between 15,000 to 16,000 BOE/d. Crude Oil to be 4,518 bbls/d to 4,820 bbls/d; Condensate to be 303 bbls/d to 322 bbls/d; Crude oil and condensate to be 4,821 bbls/d to 5,142 bbls/d; NGLs to be NGLs 960 bbls/d to 1,024 bbls/d; Natural gas to be 55,313 mcf/d to 59,001 mcf/d.
For the second half 2026, the expected to deliver average production between 16,500 to 17,500 BOE/d. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: CA$0.02 (vs CA$0.013 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.02 (up from CA$0.013 in 3Q 2024). Revenue: CA$46.2m (up 59% from 3Q 2024). Net income: CA$9.19m (up 46% from 3Q 2024). Profit margin: 20% (down from 22% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Oil and Gas industry in Canada. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: CA$0.03 (vs CA$0.001 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.03 (up from CA$0.001 in 2Q 2024). Revenue: CA$40.5m (up 66% from 2Q 2024). Net income: CA$17.3m (up CA$16.9m from 2Q 2024). Profit margin: 43% (up from 1.7% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Oil and Gas industry in Canada. Major Estimate Revision • Aug 13
Consensus EPS estimates increase by 20%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CA$206.0m to CA$197.5m. EPS estimate rose from CA$0.05 to CA$0.06. Net income forecast to grow 522% next year vs 1.0% decline forecast for Oil and Gas industry in Canada. Consensus price target of CA$1.19 unchanged from last update. Share price was steady at CA$0.72 over the past week. Duyuru • Aug 13
Logan Energy Corp. Announces Executive Changes, Effective November 1, 2025 Logan Energy Corp. announced the appointment of Ms. Linda Brown to the position of Interim Vice President, Finance and chief Financial Officer to be effective November 1, 2025. Ms. Brown is assuming the role while Ashley Hohm, the Company's current Vice President, Finance and Chief Financial Officer, is expected to be on maternity leave starting on or about November 1, 2025. Ms. Brown is a Chartered Professional Accountant and has been the Controller of Logan since June 2023. Reported Earnings • May 15
First quarter 2025 earnings released First quarter 2025 results: Revenue: CA$31.9m (up 37% from 1Q 2024). Net loss: CA$394.0k (loss narrowed 80% from 1Q 2024). Revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Oil and Gas industry in Canada. Price Target Changed • Apr 25
Price target decreased by 7.6% to CA$1.24 Down from CA$1.34, the current price target is an average from 7 analysts. New target price is 109% above last closing price of CA$0.59. Stock is down 35% over the past year. The company posted earnings per share of CA$0.0094 last year. New Risk • Apr 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% 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 High level of non-cash earnings (84% accrual ratio). Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Duyuru • Mar 25
Logan Energy Corp., Annual General Meeting, May 30, 2025 Logan Energy Corp., Annual General Meeting, May 30, 2025. Reported Earnings • Mar 20
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CA$0.01 (up from CA$0.11 loss in FY 2023). Revenue: CA$104.2m (up 43% from FY 2023). Net income: CA$4.56m (up CA$38.4m from FY 2023). Profit margin: 4.4% (up from net loss in FY 2023). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Oil and Gas industry in Canada. Duyuru • Feb 03
Logan Energy Corp. Provides Production Guidance for the Fiscal Year 2025 Logan Energy Corp. provided production guidance for the fiscal year 2025. for the year, the company expects Crude Oil production (bbls/d) of 4,780, Condensate production (bbls/d) of 25, NGLs production (bbls/d) of 615, Natural gas production (mcf/d) of 49,380, Combined average production (BOE/d) of 13,650. Board Change • Dec 31
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. CEO & Director Rick McHardy is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Price Target Changed • Dec 18
Price target decreased by 9.5% to CA$1.51 Down from CA$1.67, the current price target is an average from 9 analysts. New target price is 116% above last closing price of CA$0.70. Stock is down 14% over the past year. The company posted a net loss per share of CA$0.11 last year. Price Target Changed • Dec 04
Price target increased by 8.5% to CA$1.67 Up from CA$1.54, the current price target is an average from 5 analysts. New target price is 123% above last closing price of CA$0.75. Stock is down 9.6% over the past year. The company posted a net loss per share of CA$0.11 last year. New Risk • Nov 27
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (85% accrual ratio). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (15% increase in shares outstanding). Price Target Changed • Nov 15
Price target decreased by 7.2% to CA$1.52 Down from CA$1.64, the current price target is an average from 9 analysts. New target price is 90% above last closing price of CA$0.80. Stock is down 15% over the past year. The company posted a net loss per share of CA$0.11 last year. New Risk • Oct 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor 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. This is currently the only risk that has been identified for the company. Price Target Changed • Oct 04
Price target decreased by 7.7% to CA$1.51 Down from CA$1.64, the current price target is an average from 7 analysts. New target price is 87% above last closing price of CA$0.81. Stock is down 18% over the past year. The company posted a net loss per share of CA$0.11 last year. Duyuru • Oct 03
Logan Energy Corp. announced that it has received CAD 50.00062 million in funding On October 3, 2024, Logan Energy Corp. closed the transaction. Price Target Changed • Sep 25
Price target increased by 8.6% to CA$1.64 Up from CA$1.51, the current price target is an average from 5 analysts. New target price is 108% above last closing price of CA$0.79. Stock is down 23% over the past year. The company posted a net loss per share of CA$0.11 last year. New Risk • Sep 13
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. This is currently the only risk that has been identified for the company. Duyuru • Sep 13
Logan Energy Corp. announced that it expects to receive CAD 30.00008 million in funding Logan Energy Corp. announced that it has entered into an agreement with a syndicate of underwriters with National Bank Financial Inc. as sole bookrunner and co-lead underwriter and Eight Capital as co-lead underwriter pursuant to which the Underwriters have agreed to purchase for resale on a private placement, bought deal basis, 41,096,000 common shares at an issue price of CAD 0.73 per Common Share for aggregate gross proceeds of approximately 30,000,080 on September 11, 2024. The completion of the Equity Offering is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange ("TSXV"). Closing of the Equity Offering is expected to occur on or around October 3, 2024. The Company has agreed to pay a cash commission of 4.0% of the gross proceeds of the Equity Offering to the Underwriters, except with respect to subscribers to be included on the president's list for which no commission will be paid. The Common Shares will be subject to a statutory hold period that extends four months from the Closing Date; provided that any Common Shares issued in the United States will be subject to a 1 year hold period, subject to the ability to resell the Common Shares on the TSXV prior to 1 year in accordance with U.S. securities laws. Certain directors, officers
and employees of the Company will subscribe for approximately CAD 5,000,000 of the Equity Offering. Duyuru • Aug 22
Logan Energy Corp. Promotes Brendan Paton to President and COO The Board of Directors of Logan Energy Corp. announced that Brendan Paton (currently Vice President, Engineering and COO) has been promoted to President and COO. Richard McHardy will continue as Chief Executive Officer and will continue to be involved in the execution of the Company's strategic growth plans and the day-to-day operations of the Company. Reported Earnings • May 23
First quarter 2024 earnings released First quarter 2024 results: Revenue: CA$23.3m (up 40% from 1Q 2023). Net loss: CA$1.99m (loss narrowed 94% from 1Q 2023). Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Oil and Gas industry in Canada. Duyuru • May 23
Logan Energy Corp. Updates Production Guidance for the Year Ending December 31, 2024 Logan Energy Corp. updated production guidance for the year ending December 31, 2024. For the year, the company expected average production of 8,700 BOE/d. Duyuru • Mar 12
Logan Energy Corp., Annual General Meeting, May 17, 2024 Logan Energy Corp., Annual General Meeting, May 17, 2024. Duyuru • Nov 24
Logan Energy Corp. Provides Production Guidance for the Second Half of 2023 and Full Year of 2024 Logan Energy Corp. provided production guidance for the second half of 2023 and full year of 2024. The company expects production to average approximately 6,000 BOE/d for the second half of 2023 (previously 5,000 BOE/d).The company expects production to average 8,700 (BOE/d). 