Brief: Headwater Exploration Reports Q2 Net Income Per Share $0.02

Headwater Exploration

06/08/2021 01:09

Aug 5 (Reuters) - Headwater Exploration Inc  HWX.TO :
    * . ANNOUNCES SECOND QUARTER OPERATING AND FINANCIAL
RESULTS,
OPERATIONS UPDATE AND INCREASED 2021 GUIDANCE
    * Q2 SALES, NET OF BLENDING $37.4 MILLION VERSUS $565,000
    * QTRY ADJUSTED EPS $0.05
    * HEADWATER EXPLORATION - APPROVED AN INCREASE TO CO'S
CAPITAL
BUDGET FROM $110 MILLION TO $130 MILLION, ALLOWING FOR
ACCELERATION OF OIL PROCESSING FACILITY
    * Q2 ADJUSTED FUNDS FLOW (USED IN) FROM OPERATIONS $0.10 PER
SHARE
    * Q2 NET INCOME PER SHARE $0.02
    * PRODUCTION PER SHARE GROWTH OF GREATER THAN 200% IS
EXPECTED TO
BE ACHIEVED IN 2021

Source text for Eikon:  ID:nCNW9X3lDa 
Further company coverage:  HWX.TO 

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