Stampede Drilling (TSE:SDI) has released an update.
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Stampede Drilling Inc. reports a record-breaking first quarter in 2024, with significant increases in net income, adjusted EBITDA, and revenue, underpinned by enhanced operational efficiency and lower costs. The company’s financial growth is supported by a strong industry outlook and strategic positioning in the wake of the Trans Mountain pipeline expansion and LNG Canada projects. With a focus on shareholder returns and a robust balance sheet, Stampede is poised for further growth in the energy services sector.
For further insights into TSE:SDI stock, check out TipRanks’ Stock Analysis page.