Financial Results

  • Record-Breaking Revenue For CES Energy Solutions

    CES Energy Solutions Corp. announced record-breaking revenue for both its fourth quarter and overall for 2022, the company said during its Q4 analyst call-in on Friday.

    March 13, 2023, 10:53 AM MDT

  • Funds Flow Hike For Surge Energy In 2022; Sparky Growth Continues

    Surge Energy Inc. increased adjusted funds flow (AFF) by over 190 per cent, from $100.4 million in 2021 to $293.6 million in 2022.

    March 13, 2023, 12 AM MDT

  • Busy Q4 For Journey With Closing Of Enerplus Acquisition

    Journey Energy Inc. was busy during the fourth quarter of 2022 with the closing and integration of its 4,000 boe/d (71 per cent crude oil and NGL) acquisition from Enerplus Corporation.

    March 13, 2023, 12 AM MDT

  • Active Capital Program For Bonterra

    Bonterra Energy Corp. successfully executed an active capital program in 2022 that was largely directed to the development of its high-quality, light oil weighted asset base and other incremental growth initiatives.

    March 13, 2023, 12 AM MDT

  • Saudi Aramco Posts Blowout Annual Profit And Raises Dividend

    March 13, 2023, 12 AM MDT

  • PETRONAS Posts Higher Q4 Profit, Sees Lower Oil Prices In 2023

    March 13, 2023, 12 AM MDT

  • North American Operations Backstop Total Energy’s Strong Results

    Total Energy Services Inc.’s says its strong Q4 and full-year 2022 results reflect improved industry conditions compared to the prior year, particularly in North America where for the first time revenue generated in the United States outpaced Canadian totals.

    March 10, 2023, 11:03 AM MST

  • Rubellite On Track For $17-$20 million Q1 Spending

    Rubellite Energy Inc. is on track to spend a total of $17 - $20 million in Q1 2023 capital expenditure to drill, complete, equip and tie-in six (6.0 net) multi-lateral development/step-out wells at Figure Lake and the three (2.5 net) multi-lateral exploratory program which has already been completed.

    March 10, 2023, 12 AM MST

  • Headwater Output Surges In Q4

    Headwater Exploration Inc. reported average production of 15,546 boe/d (consisting of 13,536 bbls/d of heavy oil, 11.5 mmcf/d of natural gas and 99 bbls/d of natural gas liquids), an increase of 49 per cent from the fourth quarter of 2021.

    March 10, 2023, 12 AM MST

  • Kiwetinohk Q4 Output Climbs

    Kiwetinohk Energy Corp. posted record quarterly production in the three-month period ending Dec. 31, 2022, topping the same time a year earlier by 99 per cent.

    March 9, 2023, 6 AM MST

  • Montney Helps Drive Vermilion Production Uptick

    Vermilion Energy Inc. posted a production average through its North American operations of 58,499 boe/d during the fourth quarter of 2022. This represents a two per cent rise from the previous quarter.

    March 9, 2023, 3:49 PM MST

  • Peyto Grows Production, Reports Record Earnings; Cost Pressures Expected To Ease

    Peyto Exploration & Development Corp. increased its pace of capital investment in 2022, resulting in strong production and reserves growth and record-setting earnings and cash flow.

    March 9, 2023, 11:03 AM MST

  • Tidewater Renewables Completes First Full Year Of Operations

    Tidewater Renewables Ltd. completed its first full year of operations with net income attributable to shareholders of $25.9 million, adjusted EBITDA of $62.4 million and distributable cash flow of $38.1 million.

    March 9, 2023, 5:52 AM MST

  • Tidewater Midstream Completes 3 Large Turnarounds

    During 2022, Tidewater Midstream and Infrastructure Ltd. safely and successfully completed three large, planned turnarounds at its Ram River Gas Plant, Pipestone Natural Gas Plant and at the Brazeau River Complex and Fractionation Facility (BRC).

    March 9, 2023, 6:07 AM MST

  • Record Output For Pipestone Energy

    In Q4 2022, Pipestone Energy Corp.  achieved record average quarterly production totaling 33,816 boe/d (30 per cent condensate and crude oil, 42 per cent total liquids), representing a five per cent quarterly increase over Q3 2022, and a 18 per cent increase over Q4 2021.

    March 9, 2023, 12 AM MST

  • Pine Cliff Outlines 2023 Capital Spending Plan

    Pine Cliff Energy Ltd.'s announced a 2023 capital budget of $27.9 million to be fully funded from adjusted funds flow.

    March 8, 2023, 6:12 AM MST

  • NuVista Reports Record Output; Guidance Unchanged Despite Natgas Price Weakness

    NuVista Energy Ltd. reported the highest ever annual average production rate of 68,690 boe/d, a 31 per cent increase from 2021 and at the top end of our guidance range of 68,000 – 69,000 boe/d.

    March 8, 2023, 6:38 AM MST

  • Ensign Energy Services Strong Q4 And Year-End Focuses On Margin Over Market Share

    Ensign Energy Services Inc. saw year-over-year “meaningful improvements” both operationally and financially for its fourth quarter 2022 and year-end results.

    March 7, 2023, 6 AM MST

  • Paramount Boosting 2023 Capital Spending Plan

    Paramount Resources Ltd.  is increasing its 2023 guidance for capital expenditures by $50 million as a result of anticipated inflationary cost pressures.

    March 7, 2023, 11:01 AM MST

  • NCS Multistage Revenues Increase

    Total revenues for NCS Multistage Holdings, Inc. were $40.2 million for the quarter ended Dec. 31, 2022, which was an increase of 11 per cent compared to the fourth quarter of 2021.

    March 7, 2023, 12 AM MST

  • Essential Energy’s Revenue Climbs In Q4

    Essential Energy Services Ltd.’s revenue in Q4 2022 was $40.3 million, 15 per cent higher than the same prior year quarter due to improved industry conditions.

    March 6, 2023, 6:15 AM MST

  • FLINT Revenues Increase For 2022

    Revenues for the year ended Dec. 31, 2022 were $604.7 million for FLINT Corp., representing an increase of $215.3 million or 55.3 per cent from 2021.

    March 6, 2023, 12 AM MST

  • SECURE Energy Revenue Surges In Q4, Expects $50-Million For 2023 Growth

    Energy-related volumes and reclamation trends helped drive a revenue increase for SECURE Energy Services Inc. in the three-month period ending Dec. 31, 2022, says the company.

    March 3, 2023, 12 AM MST

  • Crescent Point Grows Kaybob Duvernay, Viewfield, And Posts One-Off Q4 Loss

    Crescent Point Energy Corp.’s entry into Alberta’s Kaybob Duvernay formation in 2021 has succeeded to the point where the purchase will have paid for itself by the end of the first quarter 2023, investors were told during the company’s fourth-quarter results conference call.

    March 3, 2023, 6:33 AM MST

  • Kelt Output Climbs For Q4, Year

    Kelt Exploration Ltd.’s average production in Q4 was 28,036 boe/d, up nine per cent compared to average production of 25,815 boe during the fourth quarter of 2021.

    March 3, 2023, 7:29 AM MST

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