Financial Results

  • 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

  • Q3 OFS Roundup: High Arctic, Stampede Drilling, Vertex

    High Arctic Energy Services Inc. made a strategic shift in Q3 to capitalize on opportunities and focus on developments in its core market of Papua New Guinea while resetting its long-standing energy service presence in Canada.

    November 15, 2022, 12 AM MST

  • Total Energy Reports Record Quarterly Results As Earnings And Cash Flow Spike

    Total Energy Services Inc. posted strong Q3 results as continued improvement of North American and Australian industry conditions that were underpinned by relatively strong commodity prices backstopped record financial results.

    November 14, 2022, 12 AM MST

  • Trican’s Job Count, Revenue Per Job Jump In ‘Very Busy’ Q3

    Trican Well Service Ltd. posted 2,078 total jobs in the three-month span ending Sept. 30, 2022. This marked a 4.5 per cent uptick over the 1,986 seen through the same period in 2021.

    November 10, 2022, 1:37 PM MST

  • Continued Strong Refinery Performance Drives Tidewater Midstream And Infrastructure Third Quarter Results

    Strong performance from its Prince George refinery and greater contributions from the Tidewater Renewables Ltd. business resulted in increased earnings for Tidewater Midstream and Infrastructure Ltd. in the third quarter of 2022.

    November 10, 2022, 7:53 AM MST

  • Tidewater Renewables Building Momentum Into 2023 Launch Of Renewable Fuels Project

    Tidewater Renewables Ltd. expects the 2023 launch of its renewable diesel and hydrogen production facilities at its Prince George refinery to result in a major jump in earnings, the company reported in its third quarter 2022 results released Thursday.

    November 10, 2022, 8:40 AM MST

  • TC Energy To Accelerate Deleveraging Through ‘Capital Rotation’

    TC Energy Corporation plans to announce and close $5-plus billion of asset divestitures during 2023, says the company’s chief executive.

    November 9, 2022, 10:03 AM MST

  • Keyera Adds Capacity To Pipestone Plant

    In the third quarter, Keyera Corp. added 20 mmcf/d of capacity at its Pipestone gas plant by relicensing the facility to 220 mmcf/d.

    November 9, 2022, 12 AM MST

  • Pipestone Boosts 2022 Spending Plan; Outlines 2023 Capex

    Pipestone Energy Corp. is increasing its capital expenditure guidance for 2022, from $225 - $235 million to an estimate of $240 million.

    November 9, 2022, 7:48 AM MST

  • Ensign’s Operating Time, Revenue In Canada Jumps In Q3

    Ensign Energy Services Inc. recorded year-over-year increases in both drilling operating days and well servicing operating hours in Canada during the three-month span ending Sept. 30, 2022.

    November 8, 2022, 12 AM MST

  • Enbridge’s Secured Growth Program Now Stands At About $17B

    Enbridge Inc. added approximately $3.8 billion of growth capital to its secured capital program during the third quarter.

    November 4, 2022, 11:05 AM MDT

  • Pembina Pipeline Reports One Time Boost In Earnings On Sale Of Assets To New Gas Infrastructure Joint Venture

    Pembina Pipeline Corporation reported earnings of $1.83 billion in the third quarter 2022 driven by a $1.1 billion gain on the sale of assets related to the formation of the new Pembina Gas Infrastructure Inc. joint venture with partner KKR.

    November 4, 2022, 8:56 AM MDT

  • AKITA Posts Net Income In Q3, Reversing Loss

    AKITA Drilling Ltd.’s net income was $2.6 million in the third quarter, reversing from a net loss of $6.43 million in the same period of 2021.

    November 4, 2022, 6:32 AM MDT

  • Essential Revenue Up For Q3

    Essential Energy Services Ltd.’s revenue for the three months ended Sept. 30, 2022 was $43.4 million, 29 per cent higher than the same prior year quarter due to improved industry conditions.

    November 3, 2022, 9:05 AM MDT

  • Gibson Seeing Some Impacts From Cost Inflation, But Maintaining 2022-2023 Cash Allocation Plans

    While much of the Canadian oil and gas industry battles widespread cost inflation, in many cases resulting in budget increases, the impact on Gibson Energy Inc.’s financial performance and outlook has been more limited, senior VP and chief financial officer Sean Brown told analysts on the company’s third quarter 2022 conference call.

    November 2, 2022, 12 AM MDT

  • SECURE Energy Sees Higher Activity Levels, Net Income Surges 373% In Q3

    Oil terminalling and pipeline volumes for SECURE Energy Services Inc. climbed 26 per cent during the three-month period ending Sept. 30, 2022, compared to the same time a year earlier.

    November 2, 2022, 2:48 PM MDT

  • Margins Reach Decade Highs At Calfrac Well Services

    Increased fracturing activity and improved service prices resulted in Calfrac Well Services Ltd. reporting its best margin performance in a decade, the company said in its third quarter 2022 report to shareholders.

    November 2, 2022, 7:52 AM MDT

  • Pason Revenues Climb In Q3

    Pason Systems Inc. generated $92.5 million in revenue in the third quarter of 2022, representing a 60 per cent increase from the $57.7 million generated in the third quarter of 2021 as drilling activity in Pason's operating regions continued to improve.

    November 2, 2022, 3:15 PM MDT

  • Gibson Energy Taking Measured Approach To Infrastructure Growth Opportunities

    Gibson Energy Inc. is looking to grow its core liquids infrastructure business and build out new energy transition operations as alternative fuel production expands, but any opportunities will have to fit within its current investment parameters, president and chief executive officer Steve Spaulding said at the company’s third quarter conference call Tuesday.

    November 1, 2022, 10:10 AM MDT

  • NCS Multistage Revenue Surges

    NCS Multistage Holdings, Inc.’s total revenues were $48.9 million for the quarter ended Sept. 30, 2022, which was an increase of 51 per cent compared to the third quarter of 2021.

    November 1, 2022, 12 AM MDT

  • CWC Results Surge For Q3

    CWC Energy Services Corp. posted record results for Q3 2022, with the company achieving a new milestone with quarterly record revenue, adjusted EBITDA and net income.

    October 31, 2022, 12 AM MDT

  • Lower Q3 Revenue For Pulse

    For the three months ended Sept. 30, 2022, Pulse Seismic Inc. generated $2.2 million of revenue compared to $8.9 million for the same period in 2021.

    October 31, 2022, 11:05 AM MDT

  • Baker Hughes Tops Estimates, Warns On Inflation

    October 19, 2022, 11:09 AM MDT

  • Calfrac Sees ‘Improved Utilization’

    Since the end of the second quarter, Calfrac Well Services Ltd. reported improved utilization throughout all service lines in North America and Argentina.

    September 13, 2022, 6 AM MDT

  • Cathedral Q2 Revenue Up

    Cathedral Energy Services Ltd.’s revenue surged in the second quarter of 2022 to $27.65 million, from $7.32 million the previous year.

    August 15, 2022, 7:15 AM MDT

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