Overview
Paramount Resources is an independent, publicly-traded, liquids-focused Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas. Paramount's properties are located primarily in Alberta and British Columbia. The company's ongoing exploration, development and production activities are intended to discover new reserves, increase the productive capacity of existing fields and extract, process,
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Read More and sell the company's natural gas, NGLs and oil economically and safely. Paramount has proved plus probable reserves of about 760.7 million barrels of oil equivalent. The company was founded in 1969 by the late Clay Riddell as the C. H. Riddell Geological Consultants Ltd.
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Read More and sell the company's natural gas, NGLs and oil economically and safely. Paramount has proved plus probable reserves of about 760.7 million barrels of oil equivalent. The company was founded in 1969 by the late Clay Riddell as the C. H. Riddell Geological Consultants Ltd.
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James Riddell
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Oil and Gas Extraction
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Support Activities for Mining
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Mining, Quarrying, and Oil and Gas Extraction
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Crude petroleum production
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Natural gas production
See All Industries Oil and gas exploration services
See Fewer Industries
See All Industries Oil and gas exploration services
See Fewer Industries
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Actual
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Actual
$1.48 billion
Actual
1.16%
-28.56%
$4,757
DEC
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Toronto:POU
Contacts
Get in Touch with 19 Principals* and 148 Contacts
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James RiddellChairman of the Board and President and Member of the Board of Directors
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$1.48 billion
USD
Actual
1 USD = 1.4029 CAD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $581 | $669 | $748 |
| Net Investing Cash | -$543 | -$269 | -$466 |
| Net Financing Cash | -$71 | -$367 | -$280 |
| Net Change in Cash | -$33 | $33 | $2 |
| Cash at Beginning of Period | $35 | $2 | $1 |
| Cash at End of Period | $2 | $35 | $2 |
| Capital Expenditure | -$611 | -$578 | -$571 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $2 | $35 | $2 |
| Accounts Receivable | $116 | $95 | $144 |
| Inventories | $ | $ | $ |
| Other Current Assets | $1,397 | $30 | $215 |
| Asset Summary | |||
| Total Current Assets | $1,514 | $159 | $361 |
| Tangible Fixed Assets | $1,381 | $2,438 | $2,097 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $4,758 | $4,389 | $4,337 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $159 | $194 | $159 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $229 | $30 | $42 |
| Liability Summary | |||
| Total Current Liabilities | $388 | $223 | $201 |
| Long-Term Debt | $123 | $ | $114 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $757 | $634 | $684 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $1,656 | $1,641 | $1,616 |
| Retained Earnings | $547 | $451 | $369 |
| Equity Summary | |||
| Total Equity | $2,634 | $2,494 | $2,408 |
| Shares Outstanding | 146,900,000 | 144,200,000 | 142,000,000 |