Our roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news
Frontera Energy Corp. (FEC-T) recorded net income of US$13.5-million or 14 US cents per share in the second quarter, compared with a net loss of US$25.6-million or 26 US cents per share in the second quarter of 2021.
Oil and gas sales came in at US$277-million versus US$173-million a year ago.
Centerra Gold Inc. (CG-T) reported a second-quarter net loss of US$2.6-million or 1 US cent per common share, which it says includes a US$40.9-million reclamation provision revaluation recovery at the Endako Mine and the Thompson Creek Mine. The result compares with a profit of US$33-million in the second quarter last year.
Revenue of US$167.7-million dropped from US$202.3-million a year ago. The expectation was for revenue to come in at $143.4-million.
The company also lowered its 2022 guidance to “reflect the suspension of stacking and leaching activities and the continued suspension of gold room operations at the ADR plant at the Öksüt Mine until after year-end as well as to give effect to the recent decline in copper prices.”
It also said its previously issued 2023 guidance has been withdrawn.
The company said its net income increased to US$19-million or 54 US cents per share compared to US$8-million or 23 cents per share a year ago. Adjusted EPS was 29 US cents versus 30 US cents a year ago.
American Hotel Income Properties REIT LP (HOT-UN-T) reported second-quarter revenue rose 19 per cent to US$75.6-million, compared to US$63.6-million in the same period of 2021. The expectation was for revenue of US$76.3-million.
Net income was US$13.7-million or 15 US cents per unit compared to US$526,000 or 1 US cent per share a year ago.
Adjusted funds from operations came in at US$13.6-million or 15 US cents per share versus US$10-million or 12 US cents a year ago. The expectation was for adjusted FFO of 11 US cents in the latest quarter.
Its net loss of $2.2-million compared to a net loss of $1.1-million a year ago.
EQB Inc. (EQB-T) reported second-quarter net income of $58.8-million or $1.67 per share compared to $70.8-million or $2.02 a year ago. The expectation was for earnings to come in at $2.18, according to S&P Capital IQ.
Revenue of $164.1-million versus $158.8-million a year ago. The expectation was for revenue of $172.5-million.
The company also reported net revenue of US$177.8-million for the second quarter compared to US$216.1-million a year ago.
Net income was US$56-million compared to US$50-million a year ago. Adjusted earnings came in at US$13.5-million, or 6 US cents per share versus US$74.8-million or 32 US cents a year ago.
Lundin Gold also increased its production guidance to between 430,000 and 460,000 ounces from 405,000 to 445,000 ounces and decreased its all-in sustaining costs (AISC) guidance to between US$820 and US$870 from US$860 to US$930.
Extendicare Inc. (EXE-T) reported that its second-quarter revenue increase 5.3 per cent to $296.6-million compared to the same quarter a year ago. The expectation was for revenue to come in at $306.9-million, according to S&P Capital IQ.
Net earnings of $71.4-million or 72 cents per share versus $960,000 or a penny per share a year ago.
Its net loss from continuing operations was $85-million or 46 cents per share versus a loss of $36.1-million or 24 cents a year ago. The expectation was for a loss of 15 cents per share, according to S&P Capital IQ.
Spartan Delta Corp. (SDE-T) reported second quarter oil and gas sales of $437.7-million up from $96.4-million a year earlier. Net income increased to $182-million or $1.05 per share compared to $19.7-million or 15 cents a year ago.
Bird Construction Inc. (BDT-T) reported second-quarter revenue of $576.7-million compared to $556.4-million a year ago. The expectation was for revenue to come in at $594.1-million, according to S&P Capital IQ.
Net income came in at $14.1-million or 26 cents per share compared to $13.6-million or 26 cents a year ago. Adjusted EPS came in at 16 cents versus 28 cents a year ago. The expectation was for adjusted EPS of 21 cents in the latest quarter.
E-L Financial Corp. Ltd. (ELF-T) reported a consolidated shareholder’s net loss of $439-million or $123.75 per common share in the second quarter ended June 30. That compared to net income of $241-million or $65.47 per common share in the year-ago period.
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