Financial Results

  • Cathedral Q2 Revenue Climbs

    Cathedral Energy Services Ltd. reported revenue of $115.06 million in 2023 Q2, the highest for any second quarter in the company's history and represents an increase of 316 per cent from the same period of 2022.

    August 14, 2023, 12 AM MDT

  • Calfrac Q2 Delivers Best Ever Q2 Adjusted EBITDA, Catches Up After Wildfire Delays

    Calfrac Well Services Ltd. delivered its best ever second-quarter adjusted EBITDA, with the company’s operating teams in North America and Argentina cited for driving its success despite the challenging Canadian wildfire season, customer delays, and seasonal breakup in Western Canada and North Dakota.

    August 11, 2023, 12 AM MDT

  • Enerflex On-Track To Realize Expected Synergies From Exterran Deal

    Enerflex Ltd. says it has captured about US$50 million of annual run-rate synergies since its integration of Exterran Corporation and expects to realize the total US$60 million of anticipated synergies within 12 to 18 months of the transaction’s close last October.

    August 11, 2023, 12 AM MDT

  • Essential Energy’s Revenue In Q2 Flat With Previous Year

    Essential Energy Services Ltd.’s revenue for the three months ended June 30, 2023 was $28.6 million, in line with the same prior year quarter.

    August 11, 2023, 12 AM MDT

  • PHX Energy Revenue Surges

    PHX Energy Services Corp. generated consolidated revenue of $155.6 million in Q2 2023, the highest level of second quarter revenue on record and the third highest level of quarterly revenue in its history despite the second quarter being typically slow in Canada due to spring breakup.

    August 9, 2023, 12 AM MDT

  • Fires Restrict Ensign’s Canadian Activity In Q2

    While total operating days for Ensign Energy Services Inc. was flat year-over-year last quarter, its count in Canada slid 10 per cent.

    August 8, 2023, 3 PM MDT

  • AKITA Net Income Increases

    AKITA Drilling Ltd.’s net income increased to $6.18 million in the second quarter of 2023 from a loss of $4.25 million during the same period of 2022.

    August 8, 2023, 12 AM MDT

  • Trican Bullish On Western Canadian Operations As Inflation Slows

    Trican Well Service Ltd.’s second quarter unfolded as expected by the C-suite, with revenues at $168.2 million, a 10.2 per cent increase compared with the same period a year ago.

    August 3, 2023, 8:51 AM MDT

  • Canadian Activity Expected to ‘Hold Steady’: STEP Energy

    Canadian activity levels are expected to hold steady through the second half of the year, according to STEP Energy Services Ltd.

    August 3, 2023, 9:15 AM MDT

  • U.S. Declines Cut Into NCS Multistage Q2 Revenues

    Total revenues for NCS Multistage Holdings, Inc. were $25.4 million for the quarter ended June 30, 2023, which was a decrease of eight per cent compared to the second quarter of 2022.

    August 1, 2023, 12 AM MDT

  • Precision Drilling’s Current Market Most ‘Stable And Healthy’ Experienced By CEO Neveu

    Precision Drilling Corporation’s CEO Kevin Neveu said Canada’s oil and gas drilling sector has been transformed in recent years, with the company’s second quarter results reflecting this.

    July 31, 2023, 10:27 AM MDT

  • TC Energy: Operational And Financial Snapshot For Q2 2023

    TC Energy Corporation released its second quarter financial and operating results on Thursday.

    July 28, 2023, 10:49 AM MDT

  • Stampede Revenue Up For Q2

    Stampede Drilling Inc. revenue was $13.24 million, up 59 per cent compared to the corresponding 2022 period.

    July 28, 2023, 12 AM MDT

  • CWC Energy Revenue Down For Q2

    CWC Energy Services Corp. reported quarterly revenue of $34.5 million, a decrease of $8.2 million compared to a record $42.7 million in Q2 2022.

    July 28, 2023, 12 AM MDT

  • Canadian Fleet In High Demand For Precision

    Precision Drilling Corporation’s Canadian fleet is in high demand with 58 rigs running, including all of its Super Triples and pad capable Super Singles.

    July 27, 2023, 4:56 AM MDT

  • MEG Energy’s Christina Lake Reaches Post-Payout

    MEG Energy Corp.’s Christina Lake operation reached post-payout status under the Oil Sands Royalty Regulation during the second quarter of 2023 resulting in an increase in the effective royalty rate as expected, said the company.

    July 27, 2023, 3:38 PM MDT

  • Western Energy’s Revenue Up For Q2

    Western Energy Services Corp.’s second quarter revenue increased by $12.4 million or 40 per cent, to $43.0 million in 2023, as compared to $30.6 million in the second quarter of 2022.

    July 26, 2023, 6:27 AM MDT

  • Pulse Revenue Up On Data Library Sales

    Pulse Seismic Inc.’s total revenue was $8.8 million for the three months ended June 30, 2023 compared to $3.1 million for the three months ended June 30, 2022.

    July 26, 2023, 6:28 AM MDT

  • Stampede Drilling On Pace For Strong Year

    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.

    May 16, 2023, 6 AM MDT

  • CES Energy Sees Canadian Revenue Hike, Expects Stable Environment In 2023

    Drilling and completions in Canada helped drive CES Energy Solutions Corp. to 24 per cent revenue growth in the country last quarter.

    May 15, 2023, 6 AM MDT

  • Tamarack’s Production Soars In ‘Extremely Active’ Q1

    A heavy oil production hike drove 64 per cent year-over-year overall production gains for Tamarack Valley Energy Ltd. in the first three months of 2023.

    May 12, 2023, 7:44 AM MDT

  • Increased North American Activity Levels Result In Record Quarter For Total Energy Services

    High Canadian drilling rig utilization, combined with strong performance in its service rig, compression and process services, and equipment rental businesses across North America, resulted in a record first quarter for Total Energy Services Inc.

    May 12, 2023, 9:57 AM MDT

  • Birchcliff Updates Production Outlook; ‘Tightens’ Spending Range

    As a result of the ongoing impact of a force majeure event on Pembina Pipeline Corporation’s Northern Pipeline system, Birchcliff Energy Ltd. currently expects that it will be on the low end of its annual average production guidance range of 77,000 to 80,000 boe/d.

    May 11, 2023, 12 AM MDT

  • Tidewater Midstream Volumes Climb

    Tidewater Midstream and Infrastructure Ltd.’s total Q1 midstream throughput volumes of 390 mmcf/d represent a six per cent increase over the previous quarter.

    May 11, 2023, 9:39 AM MDT

  • PHX Allocates Greater Share Of Capex To Growth Capital For 2023

    In the first quarter of 2023, PHX Energy Services Corp. spent $18.6 million in capital expenditures, of which $10 million was spent on growing the company’s fleet of drilling equipment, $4.8 million was spent to replace retired assets, and $3.8 million was spent to replace equipment lost downhole during drilling operations.

    May 11, 2023, 9:55 AM MDT

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