Financial Results

  • CES Energy Records Substantial Uptick In Q2 Revenues, Earnings

    Oilfield chemical supply firm CES Energy Solutions Corp. generated record quarterly revenue of $433.7 million, representing a sequential increase of $32.4 million, or eight per cent, relative to the company’s previous record of $401.3 million in Q1 2022.

    August 12, 2022, 10:48 AM MDT

  • Enerflex Focused On Progressing Exterran Acquisition

    With its base business in an “advantageous position,” Enerflex Ltd. says it is focused on advancing the acquisition of Exterran Corporation.

    August 11, 2022, 10:01 AM MDT

  • Tidewater Renewables Advances Low Carbon Fuel Projects

    Energy transition company Tidewater Renewables Ltd. reported positive second quarter 2022 financial results, while furthering development of its low carbon fuel projects and carbon credit business in Western Canada.

    August 11, 2022, 9:34 AM MDT

  • Pricing ‘Responds’ To Inflation, Tight Supply: STEP Energy

    STEP Energy Services Ltd. said that the first half of 2022 saw pricing respond to the inflationary pressures and tightness in supply.

    August 11, 2022, 4:37 AM MDT

  • Pason Q2 Revenue Climbs As Drilling Activity Improves

    Pason Systems Inc. generated $73.6 million in revenue in the second quarter of 2022, representing a 69 per cent increase from the $43.6 million generated in the second quarter of 2021 as drilling activity in Pason's operating regions continued to improve.

    August 11, 2022, 12 AM MDT

  • PHX Results Surge; Hikes Dividend

    PHX Energy Services Corp.’s adjusted EBITDA from continuing operations increased to $25.1 million, 20 percent of consolidated revenue.

    August 11, 2022, 4:07 AM MDT

  • Ensign Sees Bump Up In Operating Days For Q2

    Ensign Energy Services Inc. recorded gains in both operating days and marketed rigs through its Canadian operations in the second quarter of 2022.

    August 9, 2022, 7:26 AM MDT

  • Pembina ‘Poised To Benefit’ From Future NEBC Montney Development

    Pembina Pipeline Corporation says it expects to have secured the transportation, fractionation and marketing rights to a significant portion of forecasted future growth in the northeast B.C. (NEBC) Montney due to long-term commitments under three service agreements.

    August 5, 2022, 10:59 AM MDT

  • Keyera Posts Upswing In Processing Throughput In Q2

    The second quarter of 2022 saw Keyera Corp. grow processing throughput in both its gathering and processing and liquids infrastructure segments year-over-year.

    August 5, 2022, 7:03 AM MDT

  • AKITA’s Q2 Results Improve As Rate Increases Start To Have An Impact

    With activity levels continuing to rise, AKITA Drilling Ltd. says it has secured meaningful day rate increases as current contracts are renewed throughout the remainder of the year.

    August 5, 2022, 12 AM MDT

  • Essential Energy Lifts Capex Outlook

    Essential Energy Services Ltd.’s 2022 capital forecast has increased from $6 million to $9 million, which includes $3 million for growth capital and $6 million for maintenance capital.

    August 4, 2022, 5:36 AM MDT

  • Stampede Drilling Revenue Climbs

    Stampede Drilling Inc. reported higher revenue in Q2.

    August 3, 2022, 12 AM MDT

  • MEG Doesn’t Expect Wider WCS Differentials To Continue

    Heavy oil differential levels are expected to return to where they were prior to Russia’s invasion of Ukraine, says the chief executive of MEG Energy Corp.

    August 2, 2022, 10 AM MDT

  • Gibson Revenue Surges For Q2

    Gibson Energy Inc. reported  revenue of $3.2 billion in the second quarter, a $1.52 billion or 91 per cent increase over the second quarter of 2021, a result of higher commodity prices increasing contribution from the Marketing segment.

    August 2, 2022, 2:30 PM MDT

  • NCS Revenue Climbs

    NCS Multistage Holdings, Inc.’s total revenues were $27.5 million for the quarter ended June 30, 2022, which was an increase of 28 per cent compared to the second quarter of 2021.

    August 2, 2022, 9:33 AM MDT

  • Record Results For CWC Energy In Q2

    CWC Energy Services Corp. reported record Q2 2022 revenue of $42.7 million, an increase of $26.2 million (159 per cent) compared to $16.5 million in Q2 2021.

    August 2, 2022, 5:04 AM MDT

  • Enbridge Adds To Secured Capital Growth Program; Mainline Contracting Talks Continue

    During the second quarter, Enbridge Inc. added $3.6 billion of growth capital to its secured capital program, including a US$400 million extension of the Texas Eastern System associated with Venture Global's Plaquemines LNG project, an estimated $1.2 billion expansion of B.C. Pipeline System’s T-North section and a US$1.5 billion investment in the Woodfibre LNG facility.

    July 29, 2022, 6:06 AM MDT

  • TC Energy’s Q2 Results Underpinned By ‘Solid Utilization’

    TC Energy Corporation’s second quarter 2022 results were underpinned by solid utilization and reliability across its assets.

    July 28, 2022, 6:59 AM MDT

  • Calfrac Q2 Revenue Climbs

    Calfrac Well Services Ltd. generated Q2 revenue of $318.5 million, an increase of 83 per cent from the second quarter in 2021, resulting primarily from improved activity in all of the company's operating divisions and improved pricing in North America.

    July 28, 2022, 4:38 AM MDT

  • Trican Records 63 Per Cent Revenue Growth In ‘Overall, Better’ Q2

    Trican Well Service Ltd. posted gains in both revenue and total proppant pumped in the second quarter of this year.

    July 27, 2022, 2:10 PM MDT

  • Western Energy’s Revenue Increased In Q2

    Western Energy Services Corp.’s second quarter revenue increased by $10.2 million or 50 per cent, to $30.6 million in 2022 as compared to $20.4 million in the second quarter of 2021.

    July 26, 2022, 12 AM MDT

  • Pulse Seismic Revenue Down For Q2

    Pulse Seismic Inc. reported second quarter revenue of $3.1 million compared to $19.1 million for the three months ended June 30, 2021.

    July 21, 2022, 6 AM MDT

  • Inflation Remains ‘Pressing Concern’: STEP

    STEP Energy Services Ltd. says that inflation remains a pressing concern for the company, pointing to the continued need for “pricing adjustments.”

    June 21, 2022, 12 AM MDT

  • Strong North American Performance Leads To Massive Increases In Q1 Results For Bri-Chem

    Bri-Chem Corp. reported $23.54 million in sales for Q1 2022, which is up 105 per cent from the same prior-year period, due to stronger performance in North American for its fluids distribution divisions as industry resurges following the easing of global economic restrictions that were in place due to COVID-19, and as supply constraints continue.

    May 18, 2022, 6 AM MDT

  • High Arctic Experiencing Strong Service Demand In Canadian Business; Labour An Issue

    High Arctic Energy Services Inc. cannot keep up with Canadian service demand that exceeds the current crewing capacity, says management, and the company is taking measures in response, although sustained utilization and better compensation will be necessary to attract personnel into the industry.

    May 17, 2022, 12 AM MDT

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