Advantage Energy 10/24/2024 Earnings Report

Advantage Energy EPS Results

• Actual EPS: -$0.03
• Consensus EPS: $0.02
• Beat/Miss: Missed by -$0.05
• One Year Ago EPS: N/A

Advantage Energy Revenue Results

• Actual Revenue: $106.19 million
• Expected Revenue: $119.27 million
• Beat/Miss: Missed by -$13.08 million
• YoY Revenue Growth: N/A

Advantage Energy Announcement Details

• Date: 10/24/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Advantage Energy (OTCMKTS:AAVVF) is a Calgary-based exploration and production company focused on the development of natural gas, condensate and natural gas liquids (NGLs) in the Montney formation of western Canada. The company holds and operates an extensive land position across northeast British Columbia and northwest Alberta, where it employs multi-stage fracturing and horizontal drilling techniques to optimize recovery from low-permeability reservoirs. Advantage Energy’s asset portfolio is structured to deliver stable gas production alongside enhanced liquids yields, supporting its strategy of balancing volume growth with cash-flow generation.

Advantage Energy’s operations are anchored in its core Montney acreage, where it has established several gas processing and compression facilities to gather, treat and market its production. The company markets its natural gas under various tolling and firm transportation arrangements, while condensate and NGL streams are sold into both domestic and export markets. In recent years, Advantage Energy has pursued infrastructure expansions and operational efficiencies to lower operating costs per boe and reduce greenhouse-gas intensity, aligning with evolving environmental and regulatory standards.

Publicly traded on the Toronto Stock Exchange (TSX: AAV) and in the United States on the OTC market (OTCMKTS: AAVVF), Advantage Energy maintains a management team with expertise in reservoir engineering, project execution and capital allocation. The company emphasizes disciplined capital spending and a flexible development plan that can be adjusted to commodity price fluctuations. With a focus on long-term free-cash-flow generation, Advantage Energy seeks to sustain dividend distributions while funding ongoing Montney development and infrastructure optimization.