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Birchcliff Energy

  • RevenueC$876.9 MFY, 2021

OverviewSuggest Edit

Birchcliff Energy is a company that provides oil and gas exploration and development services. It offers acquisition, operations, management, extraction, drilling, exploration and development of oil, petroleum, light oil, natural gas and natural gas liquids producing assets.
TypePublic
Founded2004
HQCalgary, CAMap
Websitebirchcliffenergy.com
Employee Ratings4.2

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Latest Updates

Employees (est.) (Jun 2022)204
Revenue (FY, 2021)C$876.9 M(+68%)
Cybersecurity ratingCMore
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Key People/Management at Birchcliff Energy

James W. Surbey

James W. Surbey

Alberta, Canada - Director
A. Jeffery Tonken

A. Jeffery Tonken

President, Chief Executive Officer & Chairman of the Board
Myles R. Bosman

Myles R. Bosman

Vice-President, Exploration and Chief Operating Officer
Dennis Dawson

Dennis Dawson

Alberta, Canada - Independent Lead Director
Bruno P. Geremia

Bruno P. Geremia

Vice-President and Chief Financial Officer
Debbie Gerlach

Debbie Gerlach

Alberta, Canada - Independent Director
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Birchcliff Energy Office Locations

Birchcliff Energy has offices in Calgary and Spirit River
Calgary, CA (HQ)
600 3 Ave SW #1000
Spirit River, CA
49 St
Show all (2)

Birchcliff Energy Financials and Metrics

Birchcliff Energy Revenue

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Birchcliff Energy's revenue was reported to be C$876.86 m in FY, 2021
CAD

Revenue (Q1, 2022)

260.1m

Gross profit (Q1, 2022)

238.3m

Gross profit margin (Q1, 2022), %

91.6%

Net income (Q1, 2022)

126.8m

EBITDA (Q1, 2022)

187.1m

EBIT (Q1, 2022)

136.0m

Cash (31-Mar-2022)

32.0k
Annual
CADFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

583.1m606.2m524.0m876.9m

Cost of goods sold

(99.1m)(87.9m)(82.4m)(91.5m)

Gross profit

484.8m519.0m446.6m787.5m

Gross profit Margin, %

83%86%85%90%
Quarterly
CADQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

170.1m134.5m125.0m122.1m105.3m143.3m176.4m179.2m253.7m260.1m

Cost of goods sold

(22.9m)(22.7m)(20.4m)(21.0m)(19.7m)(19.7m)(21.5m)(21.5m)(23.2m)(23.8m)

Gross profit

160.7m112.1m106.3m101.9m88.3m125.3m160.8m157.8m232.7m238.3m

Gross profit Margin, %

94%83%85%83%84%87%91%88%92%92%
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Annual
CADFY, 2018FY, 2019FY, 2020FY, 2021

Cash

53.0k70.0k60.0k63.0k

Accounts Receivable

51.4m63.5m64.7m92.4m

Prepaid Expenses

3.4m4.4m2.2m5.7m
Quarterly
CADQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

53.0k21.0k70.0k71.0k60.0k33.0k60.0k17.0k63.0k32.0k

Accounts Receivable

70.6m47.9m47.1m36.4m46.5m54.3m69.6m80.7m100.4m115.0m

Prepaid Expenses

3.1m8.7m6.3m3.9m7.9m4.1m2.4m10.3m9.5m5.3m
show all
Annual
CADFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

102.2m(55.4m)(57.8m)314.7m

Depreciation and Amortization

208.9m213.6m212.4m212.8m
Quarterly
CADQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

16.8m8.4m(20.6m)(44.2m)(82.6m)(143.4m)23.2m68.1m230.7m126.8m

Depreciation and Amortization

50.9m103.7m210.7m51.6m103.8m209.8m50.4m101.8m209.3m51.1m
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CADFY, 2018

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.6 x
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Birchcliff Energy Revenue Breakdown

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Birchcliff Energy revenue breakdown by business segment: 100.0% from OIL CRUDE PRODUCERS

Birchcliff Energy revenue breakdown by geographic segment: 100.0% from CANADA

Birchcliff Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

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Birchcliff Energy Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Birchcliff Energy Online and Social Media Presence

Birchcliff Energy's Trends

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Birchcliff Energy News and Updates

August 04, 2022

Birchcliff Energy Ltd. Announces Redemption of Series A and Series C Preferred Shares and Declares Quarterly Preferred Share Dividends

CALGARY, Alberta, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) announces its intention to redeem all of its 2,000,000 issued and outstanding cumulative redeemable preferred shares, Series A (the “Series A Preferred Shares”) and all of its …
May 13, 2022

Birchcliff Energy Ltd. Announces Voting Results From 2022 Annual Meeting of Shareholders

CALGARY, Alberta, May 13, 2022 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that at its Annual Meeting of Shareholders held on May 12, 2022 (the “Meeting”), shareholders elected all five of the proposed nominees listed in Birchcliff’s information circ…
March 16, 2022

Birchcliff Energy Ltd. Announces the Filing of its Audited Financial Statements and Other Disclosure Documents for the Year Ended December 31, 2021

CALGARY, Alberta, March 16, 2022 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that it has filed its annual audited financial statements (the “Financial Statements”) and related management’s discussion and analysis and its annual i…
January 19, 2022

Birchcliff Energy Ltd. Announces 2022 Budget, Guidance and Updated Five Year Plan

CALGARY, Alberta, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its 2022 budget, guidance and updated five year plan.
November 30, 2021

Birchcliff Energy Ltd. Announces Doubling of Quarterly Common Share Dividend and Declaration of Quarterly Preferred Share Dividends

CALGARY, Alberta, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that its board of directors has declared a quarterly cash dividend of $0.01 per share on its common shares for the quarter ending December 31, 2021, whic…
November 17, 2021

Birchcliff Energy Ltd. Receives TSX Approval for Renewed Normal Course Issuer Bid

CALGARY, Alberta, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the notice of Birchcliff’s intention to make a normal course issuer bid (the “NCIB”). The NCIB e…
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 Birchcliff Energy Frequently Asked Questions

  • When was Birchcliff Energy founded?

    Birchcliff Energy was founded in 2004.

  • Who are Birchcliff Energy key executives?

    Birchcliff Energy's key executives are James W. Surbey, A. Jeffery Tonken and Myles R. Bosman.

  • How many employees does Birchcliff Energy have?

    Birchcliff Energy has 204 employees.

  • What is Birchcliff Energy revenue?

    Latest Birchcliff Energy annual revenue is C$876.9 m.

  • What is Birchcliff Energy revenue per employee?

    Latest Birchcliff Energy revenue per employee is C$4.3 m.

  • Who are Birchcliff Energy competitors?

    Competitors of Birchcliff Energy include Whitecap Resources, Tenth Avenue Petroleum and Strikewell Energy.

  • Where is Birchcliff Energy headquarters?

    Birchcliff Energy headquarters is located at 600 3 Ave SW #1000, Calgary.

  • Where are Birchcliff Energy offices?

    Birchcliff Energy has offices in Calgary and Spirit River.

  • How many offices does Birchcliff Energy have?

    Birchcliff Energy has 2 offices.