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An announcement from Western Energy Services ( (TSE:WRG) ) is now available.
Western Energy Services reported fourth-quarter 2025 revenue of $58.4 million, down 2% year over year, but boosted Adjusted EBITDA by 50% to $15.4 million, aided by lower one-time reorganization costs and stronger Canadian drilling activity. The company posted a net loss of $21.2 million, driven largely by a $25.1 million loss on decommissioning underutilized rigs as part of a strategic fleet optimization across its Canadian and U.S. operations.
Operationally, Canadian drilling utilization climbed to 38% on higher operating days, though pricing softened slightly, while U.S. drilling utilization fell amid weak industry conditions even as revenue per operating day rose on a shift toward higher-value North Dakota work. Well servicing in Canada saw lower utilization and service hours due to changes in customer programs, underscoring a mixed demand environment as Western invests selectively in rig upgrades and rationalizes assets to sharpen its competitive position.
The most recent analyst rating on (TSE:WRG) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Western Energy Services stock, see the TSE:WRG Stock Forecast page.
Spark’s Take on TSE:WRG Stock
According to Spark, TipRanks’ AI Analyst, TSE:WRG is a Neutral.
Western Energy Services’ overall stock score is primarily impacted by its financial performance challenges, including negative profitability metrics and declining revenue. While technical indicators suggest stability, the lack of positive valuation metrics further weighs on the score.
To see Spark’s full report on TSE:WRG stock, click here.
More about Western Energy Services
Western Energy Services Corp. is a Calgary-based oilfield services company operating drilling and well servicing rigs in Canada and the U.S. The company focuses on contract drilling and production services, targeting upstream oil and gas producers with an emphasis on optimizing fleet utilization and regional rig mix to improve pricing and margins.
Average Trading Volume: 3,983
Technical Sentiment Signal: Buy
Current Market Cap: C$85.45M
For an in-depth examination of WRG stock, go to TipRanks’ Overview page.