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Last C$2.59 CAD
Change Today -0.01 / -0.38%
Volume 38.1K
NOA On Other Exchanges
Symbol
Exchange
New York
Toronto
Berlin
As of 3:59 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

north american energy partne (NOA) Snapshot

Open
C$2.60
Previous Close
C$2.60
Day High
C$2.70
Day Low
C$2.55
52 Week High
07/30/14 - C$8.10
52 Week Low
07/24/15 - C$2.45
Market Cap
88.0M
Average Volume 10 Days
39.6K
EPS TTM
C$0.02
Shares Outstanding
34.0M
EX-Date
06/26/15
P/E TM
109.8x
Dividend
C$0.08
Dividend Yield
3.09%
Current Stock Chart for NORTH AMERICAN ENERGY PARTNE (NOA)

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north american energy partne (NOA) Details

North American Energy Partners Inc., through its subsidiaries, provides mining and heavy construction services to customers in the resource development and industrial construction sectors primarily in Western Canada. The company provides construction and operations support services through various stages of an oil sands project's lifecycle. Its services include site clearing and access road construction; site development and underground utility installation; construction and relocation of mine site infrastructure; stripping, muskeg removal, and overburden removal; heavy equipment and labor supply; material hauling; and mine reclamation, tailings pond construction, and tailings pond maintenance. The company also offers site development services for plants and refineries, including in situ oil sands facilities; and heavy and light civil construction services for resource infrastructure projects. North American Energy Partners Inc. was founded in 1953 and is headquartered in Edmonton, Canada.

1,105 Employees
Last Reported Date: 05/5/15
Founded in 1953

north american energy partne (NOA) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$625.0K
Chief Operating Officer
Total Annual Compensation: C$318.5K
Vice-President of Heavy Construction and Mini...
Total Annual Compensation: C$299.0K
Compensation as of Fiscal Year 2014.

north american energy partne (NOA) Key Developments

North American Energy Partners Elects to Partially Redeem its 9.125% Series 1 Senior Unsecured Debentures Due 2017

North American Energy Partners Inc. announced that it has elected to partially redeem its 9.125% Series 1 Senior Unsecured Debentures due 2017 (the Debentures). The Company will redeem on August 14, 2015 (the Redemption Date"), $37,478,000 in aggregate principal amount of its outstanding Debentures at a Redemption Price (the Redemption Price") of 101.520% of the principal amount of Debentures redeemed, plus accrued and unpaid interest on the Debentures to but not including the Redemption Date of approximately $32.25 per $1,000 of principal amount of Debentures. The record date for the redemption will be August 10, 2015, such that holders of record at the close of business on August 10, 2015 will have Debentures redeemed on a pro rata basis. The Company currently has a principal amount of $57,478,000 of Debentures outstanding. Pursuant to the indenture under which the Debentures were issued (the Indenture"), the Debentures to be redeemed shall be selected by the Trustee on a pro rata basis to the nearest multiple of $1,000 in accordance with the principal amount of the Debentures registered in the name of a holder of Debentures (a Holder"). As all of the outstanding Debentures are held in book-entry form through the facilities of CDS Clearing and Depositary Services Inc. and are registered in the name of CDS & Co. (collectively CDS"), the Debentures held by beneficial Holders to be redeemed shall be selected on a pro rata basis in accordance with CDS' policies and procedures.

North American Energy Partners Inc. Announces the Signing of an Amended and Restated Three Year Credit Facility with Existing Banking Syndicate

North American Energy Partners Inc. announced the signing of an amended and restated three year Credit Facility with its existing banking syndicate. The facility now expires on September 30, 2018. Maximum borrowings are increased from $85 million to $100 million, with an offsetting reduction in allowable total capital lease debt from $90 million to $75 million. The facility is composed of a Revolver that will support up to $70 million in borrowing and letters of credit and a term loan of $30 million to support the redemption of the company's 9.125% Series 1 Senior Unsecured Debentures. The company has obtained pre-approval of the lenders under the Facility to redeem up to $40 million principal amount of Debentures and has agreed to reduce the debenture principal such that there will be no more than $20 million outstanding by June 30, 2016. The improvements to the borrowing base in the Facility include: an increase based on the nature and amount of accounts receivable; replacement of the accounts receivable limitations on the equipment borrowing base value, which varied with seasonality, with an annual ceiling on the value of the orderly liquidation value of equipment; the addition of a portion of the book value of inventory; and the addition of a portion of qualified unbilled revenue. The enhancements to the facility financial covenants, tested on the last day of each fiscal quarter, include: Senior Leverage Ratio, which is a ratio of Senior Debt to trailing 12 months Consolidated EBITDA, changing from not exceeding 2.50:1 to not exceeding 3.50:1; and The Fixed Charge Cover Ratio, which is the ratio of Consolidated EBITDA to Consolidated Fixed Charges, changing from not being less than 1.20:1 to not being less than 1.00:1. The facility reflects a 25% improvement to pricing on borrowed funds, where the Total Debt/Consolidated EBITDA ratio is less than 2.25:1, as well as a 45% reduction in standby fees. The term loan is to be repaid based on an 84 month amortization schedule and by an annual sweep of 25% of the Company's free cashflow. The company intends to immediately redeem $37.5 million principal amount of debentures, which will bring outstanding balance to $20 million of debentures.

North American Energy Partners Inc. Declares Quarterly Dividend, Payable on July 24, 2015

North American Energy Partners Inc. announced that its Board of Directors has declared a quarterly dividend of $0.02 per common share, payable to common shareholders of record at the close of business on June 30, 2015. The dividend will be paid on July 24, 2015, and is an eligible dividend for Canadian income tax purposes.

 

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Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.5x
Price/Cash Flow 2.2x
TEV/Sales NM Not Meaningful
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