TSX

Spartan Delta Corp.

SDE.TO•Energy•Oil & Gas Exploration & Production
Current Price
$14.80
Today's Change
+1.93%
Market Cap
$2.98B
Volume
98.13K
🛢️

Commodity Exposure

Crude Oil

Current Price
$102.30/barrel
+2.85% today
💡

Industry Context

Energy companies are highly sensitive to oil prices. Every $10/barrel change can impact operating margins by 15-25%.

Price updated: Oct 23, 2026, 03:00 PM

💡 Quick Take

Spartan Delta Corp. specializes in the exploration, development, and production of oil and gas in Western Canada. The company boasts strong gross (65.8%) and EBITDA margins (67.9%), indicating efficient operations, but its return on equity (5.8%) and return on assets (3.0%) suggest limited profitability relative to equity and assets. Additionally, a current and quick ratio of 0.73 raises concerns about liquidity, despite a manageable debt-to-equity ratio of 0.30. Overall, while Spartan Delta shows operational strength, its financial health and liquidity warrant closer scrutiny.

Based on 27 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$14.81
52 Week Low$5.50
Avg Volume676.53K
Beta0.65
Shares Outstanding205.18M

🔥 Valuation

Market Cap$2.98B
Enterprise Value$3.19B
P/E Ratio43.47
EV/EBITDA ⚠️8.08x
Dividend Yield0.00%

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🚩 Red Flags

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High Debt Load

Debt of $222.0M is 292.4x the company's cash position of $759K.

🌟 Opportunities

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Exceptional revenue growth of 63.6% YoY demonstrates strong market demand and competitive positioning.

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Gross margin expanded by 7.9 percentage points, indicating improved pricing power or cost efficiency.

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Operating margin expanded by 21.6pp, demonstrating strong operational leverage.

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Both gross margin (+7.9pp) and operating margin (+21.6pp) are expanding simultaneously, indicating the company is scaling profitably.

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Operating margin of 29.7% demonstrates excellent operational efficiency.

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