Hemisphere Energy Corp Stock Price, News & Analysis

Hemisphere Energy (OTCQX:HMENF) has declared a special dividend of $0.03 per common share, payable on August 15, 2025, to shareholders of record as of July 31, 2025. This marks the company's second special dividend in 2025, complementing its regular quarterly dividend of $0.025 per share.

The company has demonstrated strong shareholder returns in 2025, having distributed $12.2 million ($0.13 per share) through various channels: $4.5 million in share buybacks, $4.8 million in quarterly dividends, and $2.9 million in special dividends. These distributions are supported by Hemisphere's high-margin EOR assets, low production decline, and robust balance sheet.

Hemisphere Energy (OTCQX:HMENF) has received approval from the TSX Venture Exchange to renew its Normal Course Issuer Bid (NCIB). The company can purchase up to 7,934,731 common shares, representing 10% of the current public float, for cancellation between July 14, 2025 and July 13, 2026.

Under its previous NCIB, Hemisphere purchased 3,624,700 shares at a weighted-average price of $1.793 per share. The company believes the market price occasionally doesn't reflect its intrinsic value and has retained Canaccord Genuity Corp. to conduct the NCIB on its behalf.

Hemisphere Energy Corporation (HMENF) held its Annual General and Special Meeting of Shareholders with 41,688,604 common shares voted, representing 43.07% of total outstanding shares. Shareholders approved all proposed items including: setting the board size at six directors, electing Charles O'Sullivan, Don Simmons, Frank Borowicz, Bruce McIntyre, Gregg Vernon, and Richard Wyman to the Board, reappointing KPMG LLP as auditors, approving the Amended and Restated Stock Option Plan, ratifying the Bonus Award Incentive Plan, and approving the grant of 1,221,000 restricted share units.

Hemisphere Energy (HMENF) reported strong Q1 2025 results with record quarterly production of 3,833 boe/d (99% heavy oil), up 21% year-over-year. The company generated $27.3M in revenue (30% increase) and $12.7M in adjusted funds flow (26% increase). Key financial metrics include $11.5M in free funds flow ($0.12/share) and positive working capital of $14.1M. Hemisphere declared a quarterly dividend of $0.025 per share, payable June 30, 2025. The company successfully renewed its $35M credit facility through May 2026. Current Q2 production remains strong at ~3,800 boe/d, representing a 13% increase over Q4 2024. The company maintains focus on shareholder returns while monitoring its Marsden pilot polymer flood project, which expects results by late 2025.

Hemisphere Energy (TSXV: HME) (OTCQX: HMENF) has reported strong financial and operating results for Q4 and full-year 2024. The company achieved record production of 3,436 boe/d (99% heavy oil), representing a 10% increase year-over-year. Annual revenue grew 18% to $99.9 million, while adjusted funds flow from operations increased 16% to $45.8 million.

Key 2024 achievements include: $22 million investment in drilling and facilities, $23.9 million in free funds flow (6% increase), and robust shareholder returns totaling over $21 million through dividends and share buybacks. The company maintained efficient operations with operating and transportation costs of $15.60/boe and exited 2024 with a positive working capital of $6.4 million.

First quarter 2025 production has grown to 3,800 boe/d, driven by polymer flood success. The company recently announced a special dividend of $0.03 per share, payable April 28, 2025.

Hemisphere Energy (TSXV: HME) (OTCQX: HMENF) has announced a special dividend of C$0.03 per common share, demonstrating the company's strong financial position and performance outlook. The special dividend will be distributed on April 28, 2025, to shareholders of record as of April 17, 2025.

This special dividend comes in addition to the company's existing quarterly base dividend of C$0.025 per common share and is designated as an eligible dividend for Canadian income tax purposes.

Hemisphere Energy (TSXV: HME, OTCQX: HMENF) has announced its year-end 2024 reserves evaluation, highlighting significant growth and strong financial performance. The company invested $22 million in capital expenditures, achieving a 13% increase in Proved Developed Producing (PDP) reserves and a 10% boost in annual production.

Key financial metrics include:

• Proved reserves valued at $317 million NPV10 BT with NAV of $3.21 per fully diluted share
• PDP reserves increased by 13% to 9.3 MMboe (99.7% heavy crude oil)
• Current quarterly production trending at 3,800 boe/d (99% heavy oil)
• Distributed over $21 million in shareholder returns ($15.7M in dividends, $5.5M in share buybacks)
• Exited 2024 with over $5 million in working capital

The company's Saskatchewan lands represent a small portion of current reserves (3% of Proved, 6% of Proved plus Probable) but offer significant potential upside. Hemisphere maintains low decline, long-life reserves with a Proved reserve life index of 9.1 years based on 2024 production.

Hemisphere Energy has released its corporate update and 2025 guidance, highlighting significant achievements in 2024 and future plans. The company achieved 10% annual production growth in 2024, executed a $22 million capital expenditure program, and returned over $0.22/share ($21.2 million) to shareholders through dividends and share buybacks.

Current production averages approximately 3,800 boe/d (99% heavy oil). For 2025, the company has approved a $17 million capital expenditure program, expecting to achieve 15% annual production growth. The guidance is based on US$75/bbl WTI price assumption, with estimated adjusted funds flow of $51 million and free funds flow of $34 million.

The company declared a quarterly cash dividend of $0.025 per share, payable on February 26, 2025, to shareholders of record as of February 12, 2025.

Hemisphere Energy (TSXV: HME) (OTCQX: HMENF) has announced updates to its share-based compensation plans. The company's Board of Directors has approved a new Restricted Share Unit (RSU) Plan and amended its existing Stock Option Plan, both pending shareholder approval at the May 2025 annual general meeting.

The company has conditionally awarded 930,000 RSUs to directors and officers, which will vest one-third annually over three years and expire on December 15, 2027. Additionally, Hemisphere has granted 48,000 incentive stock options to its investor relations provider at an exercise price of $1.84 per share, vesting quarterly over 12 months and expiring on December 13, 2029.