ECN Capital's (TSE:ECN) investors will be pleased with their favorable 58% return over the last year
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
We check all companies for important risks. See what we found for ECN Capital in our free report.
ECN Capital isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. When a company doesn't make profits, we'd generally hope to see good revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.
In the last year ECN Capital saw its revenue grow by 104%. That's stonking growth even when compared to other loss-making stocks. While the share price gain of 55% over twelve months is pretty tasty, you might argue it doesn't fully reflect the strong revenue growth. So quite frankly it could be a good time to investigate ECN Capital in some detail. Human beings have trouble conceptualizing (and valuing) exponential growth. Is that what we're seeing here?
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
It's good to see that there was some significant insider buying in the last three months. That's a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. If you are thinking of buying or selling ECN Capital stock, you should check out this free report showing analyst profit forecasts.
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of ECN Capital, it has a TSR of 58% for the last 1 year. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
It's good to see that ECN Capital has rewarded shareholders with a total shareholder return of 58% in the last twelve months. And that does include the dividend. That's better than the annualised return of 16% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. If you want to research this stock further, the data on insider buying is an obvious place to start. You can click here to see who has been buying shares - and the price they paid.
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Forward-looking statements in this report include, but are not limited to, references to purchases under the normal course issuer bid and plans to accelerate purchases to complete the program prior to year end; the company's commitment of returning surplus cash to shareholders; plans to increase turnaround intervals at Kearl to four years; company performance in the second half of the year; expected returns and impacts of the company's Strathcona renewable diesel project; and the company's Leming SAGD redevelopment project, including timing and anticipated production. Forward-looking statements are based on the company's current expectations, estimates, projections and assumptions at the time the statements are made. 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Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Imperial. Imperial's actual results may differ materially from those expressed or implied by its forward-looking statements and readers are cautioned not to place undue reliance on them. Imperial undertakes no obligation to update any forward-looking statements contained herein, except as required by applicable law. Forward-looking and other statements regarding Imperial's environmental, social and other sustainability efforts and aspirations are not an indication that these statements are material to investors or require disclosure in the company's filings with securities regulators. In addition, historical, current and forward-looking environmental, social and sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future, including future rule-making. Individual projects or opportunities may advance based on a number of factors, including availability of stable and supportive policy, technology for cost-effective abatement, company planning process, and alignment with partners and other stakeholders. In this release all dollar amounts are expressed in Canadian dollars unless otherwise stated. This release should be read in conjunction with Imperial's most recent Form 10-K. Note that numbers may not add due to rounding. The term 'project' as used in this release can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports. 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Gross bitumen and other products production (thousands of barrels per day) 4 2 3 1 Net bitumen and other products production (thousands of barrels per day) 4 2 3 1 (b) Gas converted to oil-equivalent at six million cubic feet per one thousand barrels. (c) In 2025, benzene and aromatic solvent sales are reported under Petroleum product sales - Lube oils and other products, whereas in 2024, they were reported under Petrochemical sales. The company has determined that the impact of this change is not material; therefore, the comparative period has not been recast. Expand Attachment V (a) Computed using the average number of shares outstanding during each period. The sum of the quarters presented may not add to the year total. Expand Attachment VI Non-GAAP financial measures and other specified financial measures Certain measures included in this document are not prescribed by U.S. Generally Accepted Accounting Principles (GAAP). These measures constitute "non-GAAP financial measures" under Securities and Exchange Commission Regulation G and Item 10(e) of Regulation S-K, and "specified financial measures" under National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure of the Canadian Securities Administrators. Reconciliation of these non-GAAP financial measures to the most comparable GAAP measure, and other information required by these regulations, have been provided. Non-GAAP financial measures and specified financial measures are not standardized financial measures under GAAP and do not have a standardized definition. As such, these measures may not be directly comparable to measures presented by other companies, and should not be considered a substitute for GAAP financial measures. Cash flows from (used in) operating activities excluding working capital Cash flows from (used in) operating activities excluding working capital is a non-GAAP financial measure that is the total cash flows from operating activities less the changes in operating assets and liabilities in the period. The most directly comparable financial measure that is disclosed in the financial statements is "Cash flows from (used in) operating activities" within the company's Consolidated statement of cash flows. Management believes it is useful for investors to consider these numbers in comparing the underlying performance of the company's business across periods when there are significant period-to-period differences in the amount of changes in working capital. Changes in working capital is equal to 'Changes in operating assets and liabilities' as disclosed in the company's Consolidated statement of cash flows and in Attachment II of this document. This measure assesses the cash flows at an operating level, and as such, does not include proceeds from asset sales as defined in Cash flows from operating activities and asset sales in the Frequently Used Terms section of the company's annual Form 10-K. Free cash flow Free cash flow is a non-GAAP financial measure that is cash flows from operating activities less additions to property, plant and equipment and equity company investments plus proceeds from asset sales. The most directly comparable financial measure that is disclosed in the financial statements is "Cash flows from (used in) operating activities" within the company's Consolidated statement of cash flows. This measure is used to evaluate cash available for financing activities (including but not limited to dividends and share purchases) after investment in the business. Net income (loss) excluding identified items Net income (loss) excluding identified items is a non-GAAP financial measure that is total net income (loss) excluding individually significant non-operational events with an absolute corporate total earnings impact of at least $100 million in a given quarter. The net income (loss) impact of an identified item for an individual segment may be less than $100 million when the item impacts several segments or several periods. The most directly comparable financial measure that is disclosed in the financial statements is "Net income (loss)" within the company's Consolidated statement of income. Management uses these figures to improve comparability of the underlying business across multiple periods by isolating and removing significant non-operational events from business results. The company believes this view provides investors increased transparency into business results and trends, and provides investors with a view of the business as seen through the eyes of management. Net income (loss) excluding identified items is not meant to be viewed in isolation or as a substitute for net income (loss) as prepared in accordance with U.S. GAAP. All identified items are presented on an after-tax basis. Reconciliation of net income (loss) excluding identified items There were no identified items in the second quarter or year-to-date 2025 and 2024 periods. Cash operating costs (cash costs) Cash operating costs is a non-GAAP financial measure that consists of total expenses, less purchases of crude oil and products, federal excise taxes and fuel charge, financing, and costs that are non-cash in nature, including depreciation and depletion, and non-service pension and postretirement benefit. The components of cash operating costs include "Production and manufacturing", "Selling and general" and "Exploration" from the company's Consolidated statement of income, and as disclosed in Attachment III of this document. The sum of these income statement lines serves as an indication of cash operating costs and does not reflect the total cash expenditures of the company. The most directly comparable financial measure that is disclosed in the financial statements is "Total expenses" within the company's Consolidated statement of income. This measure is useful for investors to understand the company's efforts to optimize cash through disciplined expense management. Components of cash operating costs Second Quarter Six Months millions of Canadian dollars 2025 2024 2025 2024 From Imperial's Consolidated statement of income Production and manufacturing 1,664 1,689 3,350 3,353 Selling and general 251 221 510 467 Exploration — 1 2 2 Cash operating costs 1,915 1,911 3,862 3,822 Expand Segment contributions to total cash operating costs Second Quarter Six Months millions of Canadian dollars 2025 2024 2025 2024 Upstream 1,127 1,204 2,305 2,393 Downstream 641 606 1,272 1,189 Chemicals 82 71 155 150 Eliminations / Corporate and other 65 30 130 90 Cash operating costs 1,915 1,911 3,862 3,822 Expand Unit cash operating costs (unit cash costs) Unit cash operating costs is a non-GAAP ratio. Unit cash operating costs (unit cash costs) is calculated by dividing cash operating costs by total gross oil-equivalent production, and is calculated for the Upstream segment, as well as the major Upstream assets. Cash operating costs is a non-GAAP financial measure and is disclosed and reconciled above. This measure is useful for investors to understand the expense management efforts of the company's major assets as a component of the overall Upstream segment. Unit cash operating cost, as used by management, does not directly align with the definition of 'Average unit production costs' as set out by the U.S. Securities and Exchange Commission (SEC), and disclosed in the company's SEC Form 10-K. Components of unit cash operating costs Six Months 2025 2024 millions of Canadian dollars Upstream (a) Kearl Cold Lake Syncrude Upstream (a) Kearl Cold Lake Syncrude Production and manufacturing 2,303 949 557 682 2,391 997 571 742 Selling and general — — — — — — — — Exploration 2 — — — 2 — — — Cash operating costs 2,305 949 557 682 2,393 997 571 742 Gross oil-equivalent production 423 189 150 75 413 189 144 70 (thousands of barrels per day) Unit cash operating cost ($/oeb) 30.11 27.74 20.52 50.24 31.84 28.98 21.79 58.24 USD converted at the YTD average forex 2025 US$0.71; 2024 US$0.74 21.38 19.70 14.57 35.67 23.56 21.45 16.12 43.10 Expand (a) Upstream includes Imperial's share of Kearl, Cold Lake, Syncrude and other. Expand 1 Non-GAAP financial measure - see Attachment VI for definition and reconciliation Expand After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada's energy resources. As Canada's largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business. Source: Imperial
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GFL Environmental Second Quarter 2025 Earnings: EPS Beats Expectations
GFL Environmental (TSE:GFL) Second Quarter 2025 Results Key Financial Results Revenue: CA$1.68b (down 19% from 2Q 2024). Net income: CA$276.3m (up from CA$493.5m loss in 2Q 2024). Profit margin: 17% (up from net loss in 2Q 2024). EPS: CA$0.76 (up from CA$1.31 loss in 2Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period GFL Environmental EPS Beats Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Canada are expected to remain flat. Performance of the Canadian Commercial Services industry. The company's shares are up 6.5% from a week ago. Risk Analysis We should say that we've discovered 2 warning signs for GFL Environmental (1 is concerning!) that you should be aware of before investing here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
