Stocks/KEL.TO

KEL.TO

Kelt Exploration Ltd.
Energy·Oil & Gas Exploration & Production
$9.07
$1.8B market cap
Revenue
$285.9M
Free Cash Flow
$-4.5M
Rev Growth
+0.0%
FCF Margin
-1.6%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. The company markets its crude oil, natural gas, and natural gas liquids production primarily to third party marketing companies. As of December 31, 2021, it had proved developed producing reserves of 43.9 million barrels of oil equivalent (BOE); total proved reserves of 134.1 mill

2-Year Price History

$9.96+63.5%
$6.0$7.0$8.0$9.0$10volJun 24Oct 24Jan 25May 25Sep 25Jan 26May 26

Quarterly Financials & Projections

Quarterly Waterfall (CAD M)
PeriodRevEBITDAOpInNIOCFFCFCapExCashDebtSharesROICIntCovEV/EBITDA
Act2026-Q1153.387.730.30.789.7-24.3-114.00.6147.7203.722.5%30.9x--
Act2025-Q4132.670.616.719.162.819.8-43.00.1180.9203.17.9%21.1x--

Valuation & Metrics

Market Stats

Price$9.07
Market Cap$1.8B
Enterprise Value$2.0B
P/S Ratio6.4x
P/FCF--
EV/FCF--
FCF Margin (TTM)-1.6%
FCF Yield-0.2%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyCAD

TTM Financial Snapshot

Revenue$285.9M
Net Income$19.8M
Free Cash Flow$-4.5M

Revenue Growth (YoY)+0.0%
EBITDA Margin55.4%
Net Margin6.9%
FCF Margin-1.6%
CapEx % of Revenue54.9%
SBC % of Revenue0.0%
ROIC15.2%
WC Change % Rev20.3%
Interest Coverage25.6x

Forward Outlook & Risk

Employees

Headcount77
Revenue / Employee$3,712,935
Gross Profit / Employee$744,701

Cash Runway

1.7months
CRITICAL

Institutional Ownership

Headline & net flow

NEUTRAL
Net flow · still filing
No float data — flow unavailable.

Ownership composition

Active
0.0%(+0.0% YoY)
1 filers
hedge / family / endowment
Retail funds
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
0 filers
Vanguard, iShares, SPDR
Market makers
0.0%(+0.0% YoY)
0 filers
Citadel, Susquehanna
Insiders
Form 4 — latest per insider
0%25%50%75%100%2016-062023-032023-122024-032025-12
ActiveRetail fundsPassiveMarket makersRetail direct

Trading behavior

Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
+0.00%
avg per quarter
Holders (ex-self)
excl. this stock
Buyers (this Q)
+0.00%
1 buyers · $0.00B in
Sellers (this Q)
+0.00%
0 sellers · $0.00B out
alpha coverage: 0% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
+17.5%
how holders react when this stock falls
On quiet Qs
+0.0%
−10% to +10% baseline
On rallies (+10%+)
+9.8%
how they react when this stock rises
Holders' portfolio flow this Q
+0.0%
outflows — trims may be forced
Sellers' portfolio flow this Q
+0.0%
Sellers' overall flow ~ flat.

Biggest decreases this quarter

Top-5 holders · 0.0%

Top Holders Over Time

5-year share-count history (top 10 holders by peak, incl. exited) + price

01.2M2.5M3.7M5.0M$4.59$5.36$6.13$6.90$7.672023-032023-122024-032025-12
hover the chart for per-quarter detailprice (right axis)
Canoe Financial LPCygnus Capital Advisors, LLC28K