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NG Energy International

GASXF
37
Oil & Gas Exploration & Production · Energy
Price
$1.04
-0.01 (-0.76%)
Market Cap
$282.8M
Exchange
Other OTC
Winston Score
37
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Good
Cash Flow
Weak
Stability
Mixed
Valuation
Strong

Share count rising — dilution

+141.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 106.9M (2021) → 258.3M (2025)

Winston Score History

The full picture

NG Energy International Corp. is a natural gas exploration and production company focused on finding and selling natural gas in Colombia, South America. The company drills wells and extracts gas from its licensed blocks, then sells that gas to industrial customers, utilities, and local distribution companies in the Colombian market. It operates in a region where domestic natural gas demand is growing as Colombia works to reduce its reliance on imported energy.

The company earns money by selling the natural gas it produces directly to buyers under supply contracts. NG Energy is a small-cap producer with operations concentrated in Colombia, giving it exposure to a market with relatively limited local competition but also significant political and regulatory risk. The company is currently unprofitable at the operating level, reflecting the high upfront costs of exploration and development. Its key growth driver is successfully bringing additional gas reserves into production, while its main risk is the capital-intensive nature of early-stage E&P combined with commodity price volatility and Colombian regulatory uncertainty.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-18.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-79.8% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

30.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 months

$33M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

NG Energy International has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
-27.1%
Thin — -27.1% gross margin
Profit after running costs
Operating Margin
-109.4%
Losing money on operations — -109.4%
Return on the money invested
ROCE
-24.5%
Weak — -24.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+32.5%
Fast-growing sales (+32.5% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
-90%
Weak — only -90% of profit becomes cash
Spare cash per sale
FCF Margin
-163.5%
Burning cash (-163.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.42
Conservative — low debt load (0.42)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
9.1x
Attractive valuation — P/E 9.1

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
+1.9
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Not applicable for this business.
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