Birchcliff Energy Ltd
BIR
ISIN null / Valor 2180910
Birchcliff Energy Ltd
UMushroom community rating:
About company
Birchcliff Energy Ltd. is a Calgary-based, Toronto-listed oil and gas exploration and production company that develops and produces natural gas, natural gas liquids and light oil in Western Canada, with a concentration of operations in the Montney and other plays in northeastern British Columbia and northwestern Alberta. The company focuses on drilling and completing horizontal wells and operates processing and gathering infrastructure to handle production from its acreage, marketing gas and liquids into North American pipeline networks. As an upstream operator, Birchcliff generates revenue from commodity sales and aims to manage capital allocation through development drilling, facility optimization and commodity risk management.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (31.05.2026):
Birchcliff Energy Ltd — Q4 2025 (and full-year 2025) results: the company reported record annual average production of 80,086 boe/d (Q4 2025: 83,028 boe/d), strong cash generation with adjusted funds flow of $116.7 million in Q4 and $422.8 million for 2025, positive free funds flow, a reduced debt load of $459.9 million at year-end, and robust reserves and PDP economics supporting the company’s 2026 focus on profitable production growth and a sustainable base dividend.
Production
Q4 2025 production averaged 83,028 boe/d (83% gas, 17% liquids), up 7% vs Q4 2024; full-year 2025 averaged a company‑record 80,086 boe/d (82% gas, 18% liquids), exceeding guidance.
Cash generation
Adjusted funds flow was $116.7M in Q4 2025 (+63% YoY) and $422.8M for 2025 (+79% YoY). Cash flow from operations was $93.5M in Q4 and $407.7M for the year.
Free funds flow and capital
Free funds flow was $67.4M in Q4 2025 and $116.9M for 2025. F&D capital expenditures were $49.3M in Q4 and $305.9M for the year; 29 wells were brought on production in 2025.
Profitability (net income)
Net income to common shareholders was $27.2M in Q4 2025 (down 23% YoY due to unrealized losses on financial instruments) and $64.9M for 2025 (up 16% YoY).
Balance sheet & leverage
Total debt was reduced to $459.9M at Dec 31, 2025 (14% lower YoY). Total debt to adjusted funds flow improved to ~1.1x from 2.3x at year-end 2024; $337.5M of undrawn credit capacity remained.
Reserves and PDP economics
PDP reserves totaled 218.0 MMboe at Dec 31, 2025. Birchcliff added 30.1 MMboe of PDP on an F&D basis in 2025. PDP F&D cost was $10.15/boe and PDP F&D operating netback recycle ratio was 1.4x; PDP RLI = 7.2 years.
Costs and unit metrics
Operating costs were reduced to $2.88/boe in 2025 (an 11% improvement YoY). Total corporate operating netback was $14.66/boe for 2025.
Market diversification and realized prices
About 72% of natural gas production in Q4 2025 realized U.S. pricing (Dawn/NYMEX), delivering an effective realized natural gas price of $4.34/Mcf in Q4 (approx. an 80% premium to AECO after adjustments).
Dividends & capital allocation
Birchcliff paid $32.8M in dividends in 2025 and noted plans to prioritize profitable growth, balance‑sheet strengthening and a sustainable base dividend in 2026.
Other corporate note
Chris Carlsen (President & CEO) was appointed to the board effective Feb 11, 2026; management reiterated 2026 priorities of fully utilizing infrastructure, profitable production growth and continued balance sheet improvement.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1227 M
Market cap (USD)
430,015
Daily traded volume (Shares)
5.345 / 5.1
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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