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Last C$16.29 CAD
Change Today +0.93 / 6.05%
Volume 342.4K
NAL On Other Exchanges
Symbol
Exchange
Toronto
As of 4:00 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

newalta corp (NAL) Snapshot

Open
C$15.44
Previous Close
C$15.36
Day High
C$16.52
Day Low
C$15.42
52 Week High
09/18/14 - C$22.98
52 Week Low
01/15/15 - C$12.53
Market Cap
915.7M
Average Volume 10 Days
225.2K
EPS TTM
C$0.14
Shares Outstanding
56.2M
EX-Date
03/27/15
P/E TM
114.8x
Dividend
C$0.50
Dividend Yield
3.07%
Current Stock Chart for NEWALTA CORP (NAL)

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newalta corp (NAL) Details

Newalta Corporation provides environmental solutions to the oil and gas industry in Canada and the United States. It operates through New Markets and Oilfield segments. The New Markets segment is involved in the mobilization of equipment and staff to process waste at customer sites; the processing of oilfield-generated wastes, including treatment, water disposal, landfilling, and the sale of recovered crude oil; site remediation, centrifugation, dredging and dewatering; and the supply and operation of drill site processing equipment, including solids control and drill cuttings management. The Oilfield segment engages in the processing of oilfield-generated wastes, including treatment and disposal, water disposal, clean oil terminalling, custom treating, the sale of recovered crude oil, and the supply and operation of drill site processing equipment, including solids control and drill cuttings management. This segment provides specialized onsite services using centrifugation for heavy oil producers involved in heavy oil mining and steam-assisted gravity drainage production, including mature fine tailings processing, off-spec oil processing and disposal, produced water processing and disposal, oil storage, dredging and dewatering services, tank treatment, water filtration, oil storage, froth treatment, and drilling mud reconditioning. It also offers site remediation and water management solutions, as well as supplies and operates drill site processing equipment, including equipment for solids control and drill cuttings management. The company serves customers in oil and gas, petrochemical, refining, lead, manufacturing, and mining industries. Newalta Corporation was founded in 1993 and is based in Calgary, Canada.

1,200 Employees
Last Reported Date: 03/31/15
Founded in 1993

newalta corp (NAL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$87.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$390.0K
Senior Vice President of Operations
Total Annual Compensation: C$350.0K
Senior Vice President of Operations
Total Annual Compensation: C$311.7K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: C$330.0K
Compensation as of Fiscal Year 2014.

newalta corp (NAL) Key Developments

Newalta Corporation Seeks Acquisitions

Newalta Corporation (TSX:NAL) said it will establish scale in the U.S. and in Canada by leveraging its MPF model and through select acquisitions. It will continue to develop our inventory of locations and permits for expansion in the U.S. and in Western Canada to improve its speed of execution and agility. The company will partner with customers to add services to the network when and where markets dictate the need. In addition to the core plays it serve today, target markets include the Bakken, Permian and Eagle Ford in the U.S. and the Montney and Duvernay plays in Western Canada.

Newalta Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Revises Capital Spend Guidance for 2015; Provides Earnings Guidance for the Second Half of 2015

Newalta Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of CAD 97,579,000 compared to CAD 110,437,000 a year ago. Net loss was CAD 27,741,000 or CAD 0.49 per diluted share compared to net profit of CAD 6,503,000 or CAD 0.12 per diluted share a year ago. Adjusted EBITDA was CAD 12,894,000 or CAD 0.23 per share compared to CAD 25,008,000 or CAD 0.45 per share a year ago. Cash used in operating activities were CAD 36,501,000 or CAD 0.65 per share compared to cash flow from operating activities CAD 11,637,000 or CAD 0.21 per share a year ago. Loss before income taxes was CAD 30,189,000 against earnings of CAD 9,857,000 a year ago. Net loss from continuing operations was CAD 23,264,000 against earnings of CAD 8,724,000 a year ago. Additions to property, plant and equipment was CAD 57,881,000 against CAD 56,668,000 a year ago. LBITDA was CAD 3,524,000 or CAD 0.06 per share against EBITDA of CAD 19,631,000 or CAD 0.35 per share a year ago. Adjusted net loss was CAD 4,882,000 or CAD 0.09 per share against earnings of CAD 7,545,000 or CAD 0.14 per share a year ago. Tangible book value per share was CAD 16.72 against CAD 16.76 a year ago. The company reviewed capital spend in light of market conditions and plan to spend approximately CAD 80 million for the year, below budget of CAD 105 million. Performance in the second half of 2015, and resulting run rate improvements to adjusted EBITDA are not predicated on any recovery in oil pricing or drilling activity over first quarter performance baseline, underscoring the strength of business model. Extending the second half run rate improvements into 2016 with oil remaining at USD 50 WTI and drilling activity down approximately 50% from 2014 levels, adjusted EBITDA in 2016 would approximate CAD 120 million. Assuming oil pricing improves somewhat to USD 60 WTI, and it sees some modest recovery in activity, adjusted EBITDA would be expected to approximate closer to CAD 140 million, further demonstrating torque in business model. And for additional context, this is set against the expectation of adjusted EBITDA in excess of CAD 170 million in a normalized USD 70 to CAD 75 WTI oil price environment with improved activity levels. To date, results are in line with management expectations and previous guidance on sensitivities provided to the market in the last quarter. While the company expects second quarter performance to remain relatively muted given existing oil price and activity assumptions, combined with seasonality of spring break-up in Canada's WCSB and in North Dakota, adjusted EBITDA in the second half of 2015 is expected to increase significantly over the first half. The improvement in the second half of the year will be driven primarily by contributions from growth capital investments and contracts, and the benefit from cost rationalization.

Newalta Corporation - Shareholder/Analyst Call

2015 Annual General Meeting of Shareholders

 

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Industry Analysis

NAL

Industry Average

Valuation NAL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.0x
Price/Book 1.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.4x
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