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Last C$13.19 CAD
Change Today -0.11 / -0.83%
Volume 29.2K
NAL On Other Exchanges
Symbol
Exchange
Toronto
As of 10:16 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

newalta corp (NAL) Snapshot

Open
C$12.53
Previous Close
C$13.30
Day High
C$13.24
Day Low
C$12.53
52 Week High
09/18/14 - C$22.98
52 Week Low
08/24/15 - C$9.66
Market Cap
737.3M
Average Volume 10 Days
358.9K
EPS TTM
C$0.17
Shares Outstanding
56.2M
EX-Date
06/26/15
P/E TM
75.5x
Dividend
C$0.50
Dividend Yield
4.00%
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 Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Second Half of 2015 and for the Year 2016; Reports Impairment for the Second Quarter of 2015

Newalta Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of CAD 81.838 million compared to CAD 116.368 million a year ago. Loss before income taxes was CAD 13.080 million compared to CAD 12.910 million a year ago. Net loss from continuing operations was CAD 13.376 million compared to CAD 13.815 million a year ago. Net loss was CAD 13.289 million compared to CAD 8.183 million a year ago. Basic and diluted from continuing operations was CAD 0.24 compared to CAD 0.25 a year ago. Loss per share was CAD 0.24 compared to CAD 0.15 a year ago. Funds from operations were CAD 2.574 million compared to CAD 13.198 million a year ago. Cash from operating activities were CAD 8.229 million compared to CAD 25.221 million a year ago. Additions to property, plant and equipment were CAD 45.072 million compared to CAD 30.481 million a year ago. EBITDA was CAD 7.403 million compared to CAD 27.607 million a year ago. Adjusted EBITDA was CAD 15.478 million compared to CAD 30.446 million a year ago. EBITDA per share was CAD 0.13 compared to CAD 0.49 a year ago. Adjusted EBITDA per share was CAD 0.28 compared to CAD 0.55 a year ago. For the six months, the company reported revenue of CAD 179.417 million compared to CAD 226.805 million a year ago. Loss before income taxes was CAD 43.269 million compared to CAD 3.053 million a year ago. Net loss from continuing operations was CAD 36.640 million compared to CAD 5.091 million a year ago. Net loss was CAD 41.030 million compared to CAD 1.680 million a year ago. Basic and diluted from continuing operations was CAD 0.65 compared to CAD 0.09 a year ago. Loss per share was CAD 0.73 compared to CAD 0.03 a year ago. Funds from operations were CAD 6.060 million compared to CAD 34.707 million a year ago. Funds from operations were CAD 6.060 million compared to CAD 34.707 million a year ago. Cash used in operating activities were CAD 28.272 million compared to cash from operating activities of CAD 36.858 million a year ago. Additions to property, plant and equipment were CAD 102.953 million compared to CAD 87.3149 million a year ago. EBITDA was CAD 3.879 million compared to CAD 47.238 million a year ago. Adjusted EBITDA was CAD 28.372 million compared to CAD 55.454 million a year ago. EBITDA per share was CAD 0.07 compared to CAD 0.85 a year ago. Adjusted EBITDA per share was CAD 0.50 compared to CAD 1.00 a year ago. Tangible book value per share was CAD 16.37 compared to CAD 16.76 a year ago. 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 the company's growth capital investments and contracts, and benefits from the company's cost rationalization. In Heavy Oil, contributions will improve from the company's mature fine tailings (MFT) contracts, the full-service facility in Fort McMurray and the Silver Lake modular processing facility (MPF). In Oilfield, growth will be driven by two new MPFs, Fox Creek and Gold Creek, anticipated to contribute in third quarter. In addition, in the second half of 2015, the company expected to realize approximately CAD 15 million of year-over-year EBITDA impact from cost rationalization actions taken in the first half of the year. 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 the company's first half performance baseline, underscoring the strength of the company's business model. Extending the second half run rate improvements into 2016 with oil remaining between USD 50 – USD 60 WTI and with associated activity levels, Adjusted EBITDA in 2016 is anticipated to range from CAD 120 to CAD 140 million. As a result, the company anticipated net debt leverage to decrease steadily throughout 2016, ending at or below 3.00. For additional context, in a normalized USD 70 to USD 75 WTI oil price environment with improved activity levels, the company's would expect Adjusted EBITDA in excess of CAD 170 million. For the second quarter of 2015, the company reported impairment of CAD 0.869 million.

Newalta Corporation to Report Q2, 2015 Results on Aug 06, 2015

Newalta Corporation announced that they will report Q2, 2015 results After-Market on Aug 06, 2015

Newalta Corporation Presents at 35th Annual Canaccord Genuity Growth Conference, Aug-12-2015 05:00 PM

Newalta Corporation Presents at 35th Annual Canaccord Genuity Growth Conference, Aug-12-2015 05:00 PM. Venue: InterContinental Boston, 510 Atlantic Avenue, Boston, MA 02210, United States. Speakers: John Leslie Barkhouse, Chief Executive Officer, President and Director, Michael A. Borys, Chief Financial Officer and Executive Vice President.

 

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Industry Analysis

NAL

Industry Average

Valuation NAL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 1.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful
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