Financial Results

  • AKITA Earnings Climb

    AKITA Drilling Ltd. reported net earnings of $4.29 million in 2022 compared to a net loss in 2021 of $20.99 million.

    March 22, 2023, 7:15 AM MDT

  • Calfrac Well Services Sees Significant Growth In Q4 And Overall 2022

    Citing its new “returns-focused strategy,” Calfrac Well Services Ltd. showed a strong end to 2022.

    March 17, 2023, 7:02 AM MDT

  • Strong Start To Year For Stampede Drilling

    Stampede Drilling Inc. is on pace with another strong start to the year with 17 out of its 19-rig fleet operational and fully crewed in the first quarter of 2023.

    March 17, 2023, 12 AM MDT

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • Pason Revenue Surges

    Pason Systems Inc. generated $94.4 million in revenue in the fourth quarter of 2022, representing a 50 per cent increase from the $62.8 million generated in the comparative period of 2021, as drilling activity remained strong across Pason's operating regions.

    March 3, 2023, 9:17 AM MST

  • Strong Start To Activity In Canada: STEP Energy

    STEP Energy Services Ltd. reported that Canadian activity levels have been strong for Q1 2023, directionally in line with the sharp increase in the drilling rig count from Q4 2022.

    March 2, 2023, 5:24 AM MST

  • Enerflex Positions Itself As An ‘Infrastructure-First’ Company

    Following the transformational acquisition of Exterran Corporation, a transaction that delivered on a decade-long strategy to grow its energy infrastructure platform, Enerflex Ltd. says it is better positioned for long-term success while becoming more resilient and profitable.

    March 2, 2023, 10:46 AM MST

  • PHX Carries Over Capital Into 2023

    The approved capital expenditure budget for the 2022-year was $85 million for PHX Energy Services Corp.

    March 2, 2023, 3:33 AM MST

  • Western Energy Services Reports Higher Q4 Revenue

    Western Energy Services Corp.’s fourth quarter revenue increased by $19.4 million or 47 per cent, to $60.8 million in 2022 as compared to $41.4 million in the fourth quarter of 2021.

    March 2, 2023, 12 AM MST

  • CWC Boosts Capital Budget

    CWC Energy Services Corp. approved an additional $300,000 of maintenance capital and $3.7 million of growth capital, the bulk of which will be used to purchase real estate in the United States, bringing the total capital expenditure budget for 2023 to $30.3 million.

    March 2, 2023, 12 AM MST

  • Pembina Posts 204% Earnings Increase In Q4

    Pembina Pipeline Corporation saw earnings reach $243 million in the three-month period ending Dec. 31 of last year. This marked a 204 per cent, or $163 million, upswing compared to this same period in 2021.

    February 24, 2023, 4:11 PM MST

  • Trican Profits And Activity Jump; Optimistic For 2023

    Looking forward to growth in the Montney play and poised for operational startups for LNG facilities, Trican Well Service Ltd.’s Q4 and year-end 2022 results were buoyant, with strong numbers for last year and high anticipation for 2023. 

    February 24, 2023, 2:51 PM MST

  • Gibson Energy Enjoys Record Year In 2022

    High commodity prices and better performance from its infrastructure business helped Gibson Energy Inc. report record results in 2022.

    February 22, 2023, 6:41 AM MST

  • Keyera CEO Says He’s Never Seen Producers In A Stronger Position Than Today

    The gathering and processing segment for Keyera Corp. posted throughput increases and set records in realized margin both annually in 2022 and in its fourth quarter.

    February 15, 2023, 1:28 PM MST

  • High Asset Utilization Drives Strong 2022 Results For TC Energy

    TC Energy Corporation reported EBITDA of $9.9 billion for 2022, driven by high utilization of its North American natural gas pipeline system and strong performance of its power generation business, the company reported this morning.

    February 14, 2023, 9:43 AM MST

  • Enbridge Says Mainline Talks Continue; Updates Status Of Growth Projects

    Enbridge Inc. says it continues to advance two potential commercial frameworks for the Canadian Mainline in parallel — a new incentive rate-making agreement and a Canadian Mainline cost-of-service application.

    February 10, 2023, 10:30 AM MST

  • Precision Outlines 2023 Capital Plans

    Precision Drilling Corporation’s capital spending in 2023 is expected to be $235 million and by spend category includes $163 million for sustaining, infrastructure and intangibles and $72 million for expansion and upgrades.

    February 9, 2023, 12 AM MST

  • CES Energy Solutions In Harvest Mode

    CES Energy Solutions Corp. has successfully navigated through the wild volatility in oilfield services markets emerging from the pandemic and is now set to reap the rewards, company executives told analysts at its third quarter 2022 conference call.

    November 17, 2022, 8:24 AM MST

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