Compare Headwater Exploration, Inc. with Similar Stocks
Dashboard
1
Company has very low debt and has enough cash to service the debt requirements
2
Healthy long term growth as Net Sales has grown by an annual rate of 77.42% and Operating profit at 129.28%
3
The company has declared positive results in Jun'2026 after 4 consecutive negative quarters
4
With ROE of 19.34%, it has a fair valuation with a 3.79 Price to Book Value
5
Majority shareholders : Mutual Funds
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
118.97%
0%
118.97%
6 Months
92.34%
0%
92.34%
1 Year
74.52%
0%
74.52%
2 Years
98.6%
0%
98.6%
3 Years
70.12%
0%
70.12%
4 Years
183.41%
0%
183.41%
5 Years
994.87%
0%
994.87%
Headwater Exploration, Inc. for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
77.42%
EBIT Growth (5y)
129.28%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.16
Sales to Capital Employed (avg)
0.70
Tax Ratio
24.25%
Dividend Payout Ratio
68.31%
Pledged Shares
0
Institutional Holding
0.14%
ROCE (avg)
37.96%
ROE (avg)
20.49%
Valuation key factors
Factor
Value
P/E Ratio
20
Industry P/E
Price to Book Value
3.79
EV to EBIT
14.10
EV to EBITDA
8.68
EV to Capital Employed
4.00
EV to Sales
5.40
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
28.39%
ROE (Latest)
19.34%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bearish
Bullish
OBV
Mildly Bullish
Mildly Bearish
Shareholding Snapshot : Jun 2026
Shareholding Compare (%holding) 
Majority shareholders
Domestic Funds
Domestic Funds
Held in 1 Schemes (0.09%)
Foreign Institutions
Held by 0 Foreign Institutions (0%)
Strategic Entities with highest holding
Highest Public shareholder
Quarterly Results Snapshot (Consolidated) - Jun'26 - QoQ
Jun'26
Mar'26
Change(%)
Net Sales
188.40
149.90
25.68%
Operating Profit (PBDIT) excl Other Income
138.90
92.80
49.68%
Interest
0.30
0.30
Exceptional Items
14.00
-12.00
216.67%
Consolidate Net Profit
85.40
35.60
139.89%
Operating Profit Margin (Excl OI)
577.70%
423.50%
15.42%
USD in Million.
Net Sales
QoQ Growth in quarter ended Jun 2026 is 25.68% vs 16.93% in Mar 2026
Consolidated Net Profit
QoQ Growth in quarter ended Jun 2026 is 139.89% vs 21.50% in Mar 2026
Annual Results Snapshot (Consolidated) - Dec'25
Dec'25
Dec'24
Change(%)
Net Sales
514.30
511.50
0.55%
Operating Profit (PBDIT) excl Other Income
335.40
365.90
-8.34%
Interest
1.10
1.00
10.00%
Exceptional Items
-0.70
-3.80
81.58%
Consolidate Net Profit
153.20
188.00
-18.51%
Operating Profit Margin (Excl OI)
401.90%
468.30%
-6.64%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2025 is 0.55% vs 20.21% in Dec 2024
Consolidated Net Profit
YoY Growth in year ended Dec 2025 is -18.51% vs 20.44% in Dec 2024
About Headwater Exploration, Inc. 
Headwater Exploration, Inc.
Oil
Headwater Exploration Inc., formerly Corridor Resources Inc., is a Canada-based oil and gas exploration and development company. The Company's operating areas include Marten Hills and McCully Field. Marten Hills is located approximately 250 kilometer (km) north of Edmonton, Alberta within the Clearwater play. It owns approximately 270 sections of Clearwater rights. The McCully Field is located approximately 10 km northeast of Sussex, New Brunswick in the farming community of Penobsquis. It owns and operates a natural gas processing plant, with a processing capacity of 35 million standard cubic feet of gas per day (mmscfpd), and a 50 km transmission line connected to the Maritimes and Northeast pipeline.
Company Coordinates 
Company Details
Suite 1700, 500 - 4th Avenue S.W. , CALGARY AB : T2P 2V6
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