Advantage Energy (DE:9SA0)
FRANKFURT:9SA0
Earnings Data
Report Date
Jul 23, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.1Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights strong cash generation ($121M AFG), successful completion and commissioning of key infrastructure (75 MMcf/d Progress plant), increased liquids contribution (44% of revenue at $84/bbl), short payback high-return liquids programs (Wembley, Charlie Lake) and substantial hedging that reduces AECO exposure to ~18%. Near-term risks include weak localized gas prices (AECO ~$1/GJ), heavy Q1 capital intensity (~50% of annual budget), and the need to reduce net debt from $556M to the target $400–$500M. Overall, the positives — especially the infrastructure milestone, liquids-driven cash flow, clear capital discipline and hedging — outweigh the challenges, supporting a constructive outlook.Company Guidance
Strong Adjusted Funds Flow
Adjusted funds flow of $121 million ($0.73 per share) in Q1 2026, supporting capital spending, debt management and opportunistic share buybacks.
Production Increase and Guidance
Production averaged 81,375 BOE/d in Q1 (a 2% increase vs. Q4 2025). Management expects ~90,000 BOE/d beginning Q3 2026 and to maintain that level through end of 2027, implying ~7% production growth in 2027 over 2026.
Higher Liquids Contribution and Realized Price
Liquids comprised 44% of total sales revenue in the quarter with an average realized price of $84 per barrel, improving cash flow resilience amid weak gas prices.
Major Infrastructure Completion — Progress Gas Plant
75 MMcf/d Progress gas plant reached mechanical completion and commissioning is underway; plant located at intersection of Valhalla, Progress Montney and Charlie Lake, expected to lower operating costs and enable efficient capital development.
Capital Deployment and Efficiency Inflection
Q1 capital spending of $136 million (nearly 50% of full-year budget) focused on bringing capacity online; company expects minimal capacity expansion spending for at least 2 years and < $100 million planned in H2 2026, shifting program to high-return wells into existing infrastructure.
High-Return Liquids Programs and Short Paybacks
Reallocating ~$25 million from Glacier gas to Wembley oil targets. Expected payback periods: Wembley ~8 months, Charlie Lake ~6 months, Glacier gas ~1.5 years, supporting faster free cash flow generation.
Charlie Lake Free Cash Flow Potential
Charlie Lake asset exceeded expectations with 5 wells brought on in Q1 and management forecasts the asset will deliver over $120 million of free cash flow in 2026.
Hedging and Market Diversification
Hedged ~41% of forecasted natural gas production in 2026 (29% in 2027, 18% in 2028) and ~42% of crude & NGL production in 2026 (26% in 2027). AECO exposure reduced to ~18% for remainder of 2026, lowering cash-flow volatility.
Midstream Capacity and Growth Optionality
Owned and operated gas capacity >500 MMcf/d (plus midstream services) sufficient to grow to 100,000 BOE/d without major infrastructure builds; additional 100 MMcf/d at Conroy ready to be reactivated when markets support entry into BC.
Decarbonization Project Nearing Commissioning
Entropy Glacier CCS Phase 2 construction nearly complete with commissioning expected soon; project funded by Brookfield and Canada Growth Fund and expected to materially decarbonize Glacier facility and improve operating income via contracted power sales and guaranteed carbon pricing.
DE:9SA0 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:9SA0 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | €6.40 | €6.40 | 0.00% |
Mar 05, 2026 | €6.70 | €6.80 | +1.49% |
Oct 28, 2025 | €6.85 | €6.75 | -1.46% |
Aug 06, 2025 | €6.80 | €6.70 | -1.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Advantage Energy (DE:9SA0) report earnings?
Advantage Energy (DE:9SA0) is schdueled to report earning on Jul 23, 2026, TBA (Confirmed).
What is Advantage Energy (DE:9SA0) earnings time?
Advantage Energy (DE:9SA0) earnings time is at Jul 23, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Advantage Energy stock?
The P/E ratio of Advantage Energy is N/A.
What is DE:9SA0 EPS forecast?
DE:9SA0 EPS forecast for the fiscal quarter 2026 (Q2) is 0.1.