Balance Sheet ImprovementsThe company has done a tremendous job on its balance sheet over the past few years, including over $200 million of debt repayments since 2019.
Debt ReductionLarge client receipts near the end of Q4 helped reduce net debt to $52.7 million, down from $60.7 million in Q3/24.
Future Earnings PotentialQ1 should improve as producer budgets reset, with Canada expected to help offset ongoing headwinds in the U.S. business.