0.34
-2.86%
Close of 9 Nov 2026, in CAD
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About NXT Energy Solutions
Its shares trade on Toronto Stock Exchange under the ticker SFD.TO. It has been listed since 3 December 2007. In the fiscal year to 31 December 2025, it reported revenue of C$16.4m and a net loss of C$2.3m. At that date it held total assets of C$19.3m and shareholders' equity of C$14.9m.
NXT Energy Solutions, Inc. engages in the provision of airborne, gravity-based geophysical survey to companies involved in oil and gas exploration and production. The company is headquartered in Calgary, Alberta. The company went IPO on 2007-12-03. The firm's Stress Field Detection (SFD) survey technology is an airborne survey system that is used in the oil and natural gas exploration industry to help in identifying areas with hydrocarbon reservoir potential. The Stress Field Detection (SFD) survey technology is based on detecting subtle changes in earth's gravitational field from an airborne platform. SFD data acquired is analyzed and can be used to find variations in sub-surface geological stress patterns, which are indicators of potential reservoir and trap formations. The firm's aerial SFD surveys provide a method for clients to focus their decisions related to land commitments and the acquisition of seismic data that is used to locate and delineate exploration prospects. SFD is the airborne tool that provides information on areas conducive to fluid entrapment in the sedimentary column.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Energy
- Industry
- Energy Equipment & Services
- Listed since
- 3 Dec 2007
- Employees
- 10
- Website
- nxtenergy.com ↗
Leadership
Pay as last reported
- Mr. Bruce WilcoxInterim Chief Executive Officer, Director, since 2015$143,645
- Mr. Eugene WoychyshynChief Financial Officer, Vice President - Finance$225,355
- Mr. Thomas ValentineCompany Secretary, Independent Director, since 2007$40,408
- Mr. Charles SelbyLead Independent Director, since 2006$43,100
- Mr. Theodore PatsellisIndependent Director$33,793
- Mr. Gerry SheehanIndependent Director$40,408
- Mr. John TilsonIndependent Director$40,408
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- NXT Energy Solutions Inc boasts a strong technological advantage through its cutting-edge proprietary Stress Field Detection technology. This innovative technology allows the company to accurately locate and identify potential energy resources beneath the Earth's surface, providing significant competitive advantage in the energy exploration sector.
- The company possesses a robust portfolio of intellectual property rights related to its Stress Field Detection technology. This offers legal protection against potential competitors and enhances the company's market position, while providing opportunities for licensing and generating additional revenue streams.
Weaknesses
- NXT Energy Solutions Inc primarily operates within the energy exploration and production industry. The company's narrow focus may expose it to significant risks and uncertainties associated with shifting market dynamics, changes in government policies, and fluctuations in energy prices, potentially affecting its financial performance and growth prospects.
- The company operates in a highly competitive industry where established competitors have a larger market presence and established customer relationships. This may pose challenges for NXT Energy Solutions Inc in terms of market penetration, customer acquisition, and building brand reputation.
Opportunities
- The global energy demand continues to rise, presenting growth opportunities for NXT Energy Solutions Inc. The company can capitalize on this increasing demand by expanding its customer base and offering its innovative technology for efficient and cost-effective energy exploration to both domestic and international markets.
- Entering strategic partnerships and collaborations with established energy companies can provide NXT Energy Solutions Inc with access to new markets, resources, and distribution channels. Such alliances can help the company expand its footprint, enhance brand recognition, and drive revenue growth.
Threats
- Rapid advancements in technology within the energy industry can pose a threat to NXT Energy Solutions Inc. Competing technologies or alternative methods for energy resource exploration and extraction could potentially render the company's Stress Field Detection technology less attractive or obsolete, impacting its market position and revenue stream.
- The energy sector is subject to stringent regulatory frameworks and environmental concerns. Compliance with evolving regulations and addressing potential environmental impact associated with energy exploration activities may consume significant company resources, impacting profitability and operations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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