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Tenaz Energy Corp (TNZ) AI Stock Analysis
Tenaz Energy Corp
(TSX:TNZ)
The score is held back primarily by weaker cash flow quality (near-breakeven free cash flow versus high reported earnings) and a more levered balance sheet (debt-to-equity ~1.0), despite improving TTM revenue and solid reported margins. Technicals are strong with price above major moving averages and positive MACD, but overbought momentum signals (RSI/Stoch) add near-term risk. Valuation appears moderate with a P/E of 19.275.
Tenaz Energy Corp (TNZ) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 2.52B
- Dividend Yield
- ―
- Average Volume (3M)
- 164.06K
- Price to Earnings (P/E)
- 20.2
- Beta (1Y)
- -0.29
- Revenue Growth
- 380.56%
- EPS Growth
- -39.41%
- Country
- Canada
- Employees
- 304
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Exploration & Production
Tenaz Energy Corp Business Overview & Revenue Model
Company Description
Tenaz Energy Corp., an energy company, engages in the acquisition and development of oil and gas assets in Canada and the Netherlands. The company operates natural gas assets in the Dutch sector of the North Sea. It also develops crude oil and natura...
How the Company Makes Money
Tenaz Energy primarily makes money by producing and selling crude oil, natural gas, and associated natural gas liquids (NGLs) from its upstream (exploration and production) assets. Revenue is generated when produced volumes are sold to third-party pu...
Tenaz Energy Corp Earnings Call Summary
The earnings call presented a mix of strategic achievements and operational challenges. While there were declines in production and funds flow, the company's share buyback program, strategic acquisition, and strong hedging strategy highlight positive growth and future potential.
Q1-2024 Updates
Positive Updates
Negative Updates
Company Guidance
In the Q1 2024 earnings call for Tenaz Energy, CEO Anthony Marino reported production volumes of approximately 2,900 boe/d, slightly lower than Q4 2023 due to natural declines and reduced output from Canadian wells. The company recorded a funds flow from operations (FFO) of $7 million, with a free cash flow of $3.2 million after a capital expenditure of $3.8 million. Tenaz maintained a positive adjusted working capital of $49 million, facilitated by their share buyback program, which retired 200,000 shares at an average cost of $3.67 per share. A significant development was the acquisition of a gas processing plant and surrounding leasehold in Leduc-Woodbend for a net cost of $2.8 million, aimed at enhancing processing flexibility and potential third-party partnerships. The plant, with a current capacity of 7.5 million cubic feet per day, holds potential for expansion, which could increase capacity to 12 million cubic feet per day with minimal investment. Marino reaffirmed the 2024 production guidance of 2,700 to 2,900 boe/d and CapEx guidance of CAD 23 million to CAD 25 million, emphasizing ongoing M&A efforts in targeted international regions for higher return opportunities.
Tenaz Energy Corp Financial Statement Overview
Summary
Income statement trends are improving (TTM revenue +24% with ~30% gross margin and ~22% net margin), but operating profitability has been inconsistent across periods. The balance sheet is meaningfully more levered (TTM debt-to-equity ~1.0), increasing risk, and cash flow quality is weak with free cash flow near breakeven (~$3.0M) and low versus net income.
Income Statement
68PositiveBalance Sheet
56NeutralCash Flow
44Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 499.14M | 284.13M | 63.00M | 64.85M | 34.09M | 17.83M |
| Gross Profit | 148.96M | 29.61M | 36.85M | 39.23M | 21.71M | 11.09M |
| EBITDA | 92.99M | 398.72M | 4.28M | 25.13M | 12.67M | 13.49M |
| Net Income | 110.27M | 315.61M | -7.71M | 26.55M | 5.24M | 8.34M |
Balance Sheet | ||||||
| Total Assets | 2.71B | 2.53B | 390.83M | 238.72M | 203.90M | 75.40M |
| Cash, Cash Equivalents and Short-Term Investments | 136.65M | 103.55M | 139.91M | 50.30M | 1.83M | 25.47M |
| Total Debt | 417.43M | 341.27M | 138.54M | 244.00K | 21.61M | 167.00K |
| Total Liabilities | 2.29B | 2.09B | 298.70M | 142.36M | 132.53M | 10.09M |
| Stockholders Equity | 416.77M | 438.09M | 92.13M | 96.35M | 71.37M | 65.31M |
Cash Flow | ||||||
| Free Cash Flow | 2.97M | 48.60M | -14.51M | -9.68M | -7.75M | -6.45M |
| Operating Cash Flow | 181.99M | 115.85M | 6.24M | 15.18M | 9.35M | 3.94M |
| Investing Cash Flow | -516.54M | -368.93M | -54.12M | 58.20M | -53.89M | -4.24M |
| Financing Cash Flow | 238.63M | 170.00M | 137.85M | -25.36M | 20.91M | 25.76M |
Tenaz Energy Corp Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TNZ, the sentiment is Positive. The current price of 76.15 is above the 20-day moving average (MA) of 71.15, above the 50-day MA of 68.44, and above the 200-day MA of 56.62, indicating a bullish trend. The MACD of 2.33 indicates Negative momentum. The RSI at 64.54 is Neutral, neither overbought nor oversold. The STOCH value of 91.38 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TNZ.
Tenaz Energy Corp Peers Comparison
Overall Rating
TSE:LGN69Neutral
TSE:SGY67Neutral
TSE:OBE65Neutral
TSE:SOIL65Neutral- TSE:TNZ62Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:LGN | 69Neutral | CAD 1.04B | 25.41 | 11.28% | ― | 64.45% | 45.67% |
| TSE:SGY | 67Neutral | CAD 1.26B | 28.91 | 6.18% | 4.08% | 2.63% | -18.64% |
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| TSE:OBE | 65Neutral | CAD 1.10B | 56.72 | 1.39% | ― | -21.66% | ― |
| TSE:SOIL | 65Neutral | CAD 1.68B | 36.63 | 5.02% | ― | 5.74% | -75.93% |
| TSE:TNZ | 62Neutral | CAD 2.45B | 20.20 | 29.50% | ― | 380.56% | -39.41% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:TNZ | Tenaz Energy Corp | 76.15 | 48.66 | 177.01% | |
| TSE:OBE | Obsidian Energy Ltd | 16.51 | 8.52 | 106.63% | |
| TSE:SGY | Surge Energy Inc | 12.75 | 6.47 | 102.99% | |
| TSE:SOIL | Saturn Oil & Gas Inc. | 9.45 | 6.75 | 250.00% | |
| TSE:LGN | Logan Energy Corp | 1.54 | 0.72 | 87.80% |
Tenaz Energy Corp Corporate Events
Tenaz Energy boosts European gas output and profits in Q2 2026
PositiveTenaz Energy reported that second-quarter 2026 production averaged 17,125 boe/d, up 6% from the prior quarter and more than double the level a year earlier, driven by organic growth and 2025 acquisitions, despite major maintenance turnarounds in the...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 10, 2026