Companies/Headwater Exploration Inc.

Company profile

Headwater Exploration Inc.

OTC: CDDRF · Energy · Oil & Gas Exploration & Production

Canadian filerHQ Calgary, ABReports USD

#168 of 493 Energy companies by revenuebottom-quartile growth

EA Score

71B

FH 88DQ —GM 27SS 59

v0.1 · 45/100 weight · provisional

↑ return on assets, Altman-Z · ↓ growth stability, revenue growth (YoY)

Methodology →

Revenue TTM

$416.6M

Rev growth YoY (TTM)

-11.6%

Net income (FY)

$109.5M

Employees

Market cap

$2.0B

Financials — latest annual

SEC EDGAR · USD-normalized

ConceptUSDNativeFY

Revenue$367.6M513.9M CAD2025

Net income$109.5M153.1M CAD2025

Operating income$147.7M206.5M CAD2025

Total assets$725.5M994.4M CAD2025

Liabilities$180.1M246.8M CAD2025

Equity$545.4M747.5M CAD2025

Revenue trend

FY2018 – FY2025 · USD

$12.7M

FY18

$7.0M

FY19

$7.1M

FY20

$152.3M

FY21

$352.3M

FY22

$315.3M

FY23

$452.5M

FY24

$367.6M

FY25

Revenue by segment

No segmentation disclosed for this filer. n/a

The read

Headwater Exploration Inc. booked $367.6M in FY2025 revenue, contracting 19% year over year — slower than 80% of Energy companies we track, at a 29.8% net margin.

Peers · Energy

Northern Oil and Gas, Inc.63C Flowco Holdings Inc.60C NGL Energy Partners LP56C Alpha Metallurgical Resources, Inc.49D

Key facts

CEOJason Jowill Jaskela

SectorEnergy

IndustryOil & Gas Exploration & Production

HeadquartersCalgary, AB

ExchangeOTC: CDDRF

Employees38

IPO date2009-02-13

Latest filings

No filings loaded — no CIK (non-SEC filer).

Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.