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Headwater Exploration Inc. (HWX) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Energy · Oil & Gas E&P · DATA UPDATED 2026-10-06

Headwater Exploration Inc. (HWX) operates in the Oil & Gas E&P industry and is headquartered in Calgary, Canada with about 39 employees. Its market capitalization is roughly C$3 billion. In the fiscal year ended 2025-12-31, HWX reported C$618M in revenue and C$153M in net income.

Headwater Exploration Inc. engages in the exploration, development, and production of petroleum and natural gas resources in Canada. It holds interest in the Marten Hills area located in Alberta; and the McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc.

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HWX Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-312021-12-31
Total RevenueC$618MC$620MC$511MC$458M—
Gross ProfitC$326MC$332MC$258MC$266M—
Operating Income (EBIT)C$207MC$240MC$180MC$207M—
Net IncomeC$153MC$188MC$156MC$162M—

CAD; C$M / C$B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

HWX Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-06-302025-03-31
Total RevenueC$238MC$177MC$151MC$145MC$170M
Gross ProfitC$140MC$103MC$83MC$72MC$93M
Operating Income (EBIT)C$109MC$64MC$39MC$48MC$70M
Net IncomeC$85MC$36MC$29MC$38MC$50M

CAD; C$M / C$B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

HWX Free Cash Flow History

Cash flow2025-12-312024-12-312023-12-312022-12-312021-12-31
Dividends Paid(C$102M)(C$95M)(C$94M)C$0M—

CAD; C$M / C$B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

HWX Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-06-302025-03-31
Dividends Paid(C$26M)(C$26M)(C$26M)(C$26M)(C$24M)

CAD; C$M / C$B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

HWX Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-312021-12-31
Total AssetsC$995MC$953MC$836MC$735M—
Total LiabilitiesC$247MC$253MC$226MC$191M—

CAD; C$M / C$B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive HWX viewer.

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