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Alberta natural gas producer operating in the Peace River Montney/Deep Basin region.
Alberta natural gas producer operating in the Peace River Montney/Deep Basin region.
Sells natural gas and liquids from wells in Alberta's Montney formation and owns its own gas plant at Pouce Coupe, so processing is an internal cost rather than a fee paid to others. Because most output is gas, prices at the Canadian AECO hub matter, and it hedges part of output to smooth results.
In one line: A Peace River Montney natural gas producer.
Moat: narrow (installed base). Owned gas processing/gathering infrastructure in a concentrated land position gives a modest cost advantage.
Headquarters: Calgary, Canada · Founded: 2004 · Employees: 224
Size Birchcliff Energy (BIR.TO) is a Canada Energy company (Integrated Oil) with a market value of $1.29B, the 219th largest of 420 Canada companies the cockpit tracks. Shares closed at C$6.57 on 6 Nov 2026.
Performance Over six months the shares gained 2.7%, against -16.2% for the median peer and +5.2% for the Canada market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 10.5% over the last twelve months (peer median +28.4%); the operating margin is 20.2% (peer median 23.0%).
Valuation It trades at 13.5× forward earnings against a peer median of 5.9× (most expensive of 14).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.4 points below its cost of capital (5.1% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$716M | C$696M | C$601M | C$701M | C$1.20B |
| Revenue growth | — | +16% | -14% | -42% | — |
| Gross profit | C$190M | C$163M | C$59.0M | C$177M | C$705M |
| EBITDA | C$418M | C$385M | C$263M | C$351M | C$880M |
| Net income | C$95.8M | C$64.9M | C$56.1M | C$9.78M | C$657M |
| Free cash flow | C$72.8M | C$98.2M | -C$82.7M | C$12.5M | C$557M |
| Capital expenditure | C$351M | C$308M | C$283M | C$308M | C$369M |
| Total debt | C$564M | C$619M | C$687M | C$385M | C$146M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Birchcliff Energy BIR.TO | $1.29B | +3% | +10% | 20% | 13.5× | 1.9% |
| Peyto Exploration & Development PEY.TO | $3.54B | -5% | +26% | 40% | 12.6× | -2.1% |
| ARC Resources ARX.TO | n/a | +29% | n/a | n/a | n/a | n/a |
| Tourmaline Oil TOU.TO | $17.5B | -3% | +4% | 1% | 11.9× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BIR.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.6% | -9.2% | 4th highest of 21 |
| 6-month return | +2.7% | -16.2% | 7th highest of 21 |
| Distance from 52-week high | -19.8% | -35.8% | 5th highest of 21 |
| Revenue growth (TTM) | +10.5% | +28.4% | 7th lowest of 20 |
| Operating margin | 20.2% | 23.0% | 9th lowest of 20 |
| Forward P/E | 13.5× | 5.9× | most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | 1.9% | -7.9% | 2nd most demanding of 11 |
| Growth delivered (Del g) | +5.8% | +11.6% | 4th lowest of 11 |
| Hurdle (Req g minus delivered) | -3.9 pp | -19.1 pp | 2nd most demanding of 11 |
| ROIC minus cost of capital | -1.4 pp | +2.3 pp | 5th lowest of 21 |
| EV / EBITDA | 5.7× | 4.1× | 7th most expensive of 15 |
| Net debt / EBITDA | 1.4× | 1.0× | 7th most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Birchcliff Energy BIR.TO | Canada | $1.29B | +3% | +10% | 20% | 13.5× | 1.9% | +5.8% |
| Kosmos Energy KOS | United States | $1.26B | -23% | +23% | 23% | 4.6× | -6.4% | +9.9% |
| Geo-Jade Petroleum 600759.SS | China | $1.33B | -54% | +42% | 30% | n/a | -0.7% | +2.8% |
| Greenfire Resources GFR.TO | Canada | $1.36B | +3% | -2% | 17% | n/a | n/a | n/a |
| United Energy 0467.HK | Hong Kong | $1.44B | -10% | +28% | 14% | 3.6× | n/a | n/a |
| Kelt Exploration KEL.TO | Canada | $1.45B | +4% | +30% | 17% | 12.4× | n/a | n/a |
| Totalenergies EP Gabon EC.PA | France | $1.14B | -5% | -13% | 25% | n/a | -10.7% | -0.6% |
| Sino Prima Gas Technology 300483.SZ | China | $1.11B | -15% | +40% | 24% | 12.5× | -8.7% | +13.3% |
| Sino Geophysical 300191.SZ | China | $1.10B | -47% | +136% | 14% | n/a | n/a | n/a |
| Mach Natural Resources LP MNR | United States | $1.50B | -35% | +39% | 22% | 5.9× | -10.0% | +2.9% |
| Tamboran Resources TBN | United States | $1.01B | -19% | n/a | n/a | n/a | n/a | n/a |
| Shanxi Blue Flame 000968.SZ | China | $961M | -28% | -1% | 14% | n/a | -6.8% | +7.9% |
| Senton Energy 001331.SZ | China | $1.75B | -24% | -24% | -1% | n/a | n/a | n/a |
| Saturn Oil & Gas SOIL.TO | Canada | $941M | +13% | +6% | 28% | 3.0× | -13.8% | +161.8% |
| Riley Exploration Permian REPX | United States | $913M | +24% | +23% | 39% | 4.2× | -7.1% | +164.3% |
| BKV BKV | United States | $1.92B | -37% | +84% | -1% | 11.1× | n/a | n/a |
| Headwater Exploration HWX.TO | Canada | $1.95B | -10% | +13% | 44% | 9.9× | 3.0% | +125.4% |
| China Risun 1907.HK | Hong Kong | $841M | -45% | -2% | 3% | 9.0× | n/a | n/a |
| Infinity Natural Resources INR | United States | $811M | -17% | +75% | 44% | 4.5× | n/a | n/a |
| DNO DNO.OL | Norway | $2.13B | +6% | +128% | 48% | 5.9× | n/a | n/a |
| TXO Partners, L.P TXO | United States | $728M | +7% | +50% | 23% | 6.9× | -13.3% | +36.9% |