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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 2026-08-16

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 CAD 3 billion. In the fiscal year ended 2025-12-31, HWX reported CAD 618M in revenue and CAD 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.

Interactive charts & full statements →

HWX Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-312021-12-31
Total RevenueCAD 618MCAD 620MCAD 511MCAD 458M—
Gross ProfitCAD 326MCAD 332MCAD 258MCAD 266M—
Operating Income (EBIT)CAD 207MCAD 240MCAD 180MCAD 207M—
Net IncomeCAD 153MCAD 188MCAD 156MCAD 162M—

CAD; CADM / CADB 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 RevenueCAD 238MCAD 177MCAD 151MCAD 145MCAD 170M
Gross ProfitCAD 140MCAD 103MCAD 83MCAD 72MCAD 93M
Operating Income (EBIT)CAD 109MCAD 64MCAD 39MCAD 48MCAD 70M
Net IncomeCAD 85MCAD 36MCAD 29MCAD 38MCAD 50M

CAD; CADM / CADB 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(CAD 102M)(CAD 95M)(CAD 94M)CAD 0M—

CAD; CADM / CADB 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 flow2026-06-302026-03-312025-12-312025-06-302025-03-312024-12-31
Dividends Paid(CAD 26M)(CAD 26M)(CAD 26M)(CAD 26M)(CAD 24M)—

CAD; CADM / CADB 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 AssetsCAD 995MCAD 953MCAD 836MCAD 735M—
Total LiabilitiesCAD 247MCAD 253MCAD 226MCAD 191M—

CAD; CADM / CADB 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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