Financial Results

  • 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

  • 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

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