Western Energy Services Steadies Q2 Revenue
Company Announcements

Western Energy Services Steadies Q2 Revenue

Story Highlights

Western Energy Services (TSE:WRG) has released an update.

Western Energy Services Corp. reported its Q2 2024 financial and operating results, showcasing a steady revenue of $43.0 million, mirroring the previous year. Despite the consistent revenue, contract drilling saw a decline, offset by a surge in production services revenue and higher activity in Canada due to improved oil prices. The company also recorded a reduced net loss of $5.1 million compared to $7.8 million in Q2 2023, attributed to increased Adjusted EBITDA and reduced expenses in certain areas.

For further insights into TSE:WRG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskWestern Energy Services Sees Revenue Growth Amid Challenges
Austin AngeloWRG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App