CALGARY, AB, July 15, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of July operations will be paid on August 15, 2025 to shareholders of record on July 31, 2025. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
Whitecap is now in our High Yield Income Portfolio
In addition, Whitecap announces that it intends to release its second quarter 2025 results after market close on Wednesday, July 23, 2025 and has scheduled a conference call and webcast to begin promptly at 9:00 am MT (11:00 am ET) on Thursday, July 24, 2025.
The conference call dial-in number is: 1-888-510-2154 or (403) 910-0389 or (437) 900-0527
A live audio webcast of the conference call will be accessible on Whitecap's website at www.wcap.ca by selecting "Investors", then "Presentations & Events". Shortly after the live webcast, an archived version will be available.
About Whitecap
Whitecap is a leading Canadian company focused on the development of oil and natural gas plays in the Western Canadian Sedimentary Basin. Whitecap's objective is to deliver significant returns to shareholders through a combination of profitable organic growth, a sustainable base dividend, opportunistic share repurchases and investment grade financial strength.
Whitecap Resources (WCP.TO and SPGYF) Update - July 15
Whitecap Resources (WCP.TO and SPGYF) Update - July 15
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
-
Petroleum economist
- Posts: 395
- Joined: Wed Aug 23, 2023 7:01 am
- Location: The Netherlands
Re: Whitecap Resources (WCP.TO and SPGYF) Update - July 15
The Whitecap monthly dividend of C$ 0.608 is very attractive. On an annual basis the dividend equates to C$ 0.73. With the current share price, the monthly dividend is equivalent to a shareholder return of 7.5%. With WTI = $ 65/bbl I believe that the dividend is easily sustainable.
Share buybacks
In 2024 Whitecap bought back shares for C$ 160 M.
Whitecap did not buy back any shares in Q1 2025. However, in May 2025 Whitecap announced that it had received TSX permission to buy over a period of twelve months up to 59.1 M of its shares. Whether this will happen depends on the balance sheet and the oil and gas prices.
Based on the FCF, I do not expect share buybacks in Q2 or Q3. Buybacks at a rate of C$ 50 M however may restart in Q4. This would bring total shareholder returns in 2025 to 8.0%.
Buybacks can continue in 2026 at a rate of C$ 200 M per year for a total shareholder returns in 2026 of > 9%.
If you like high shareholder returns, then Whitecap is a good choice.
Share buybacks
In 2024 Whitecap bought back shares for C$ 160 M.
Whitecap did not buy back any shares in Q1 2025. However, in May 2025 Whitecap announced that it had received TSX permission to buy over a period of twelve months up to 59.1 M of its shares. Whether this will happen depends on the balance sheet and the oil and gas prices.
Based on the FCF, I do not expect share buybacks in Q2 or Q3. Buybacks at a rate of C$ 50 M however may restart in Q4. This would bring total shareholder returns in 2025 to 8.0%.
Buybacks can continue in 2026 at a rate of C$ 200 M per year for a total shareholder returns in 2026 of > 9%.
If you like high shareholder returns, then Whitecap is a good choice.
Harry