Financial Results

  • 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

  • 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

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