Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 223.08M | 233.45M | 200.34M | 131.68M | 103.68M |
Gross Profit | 182.03M | 21.82M | 160.25M | 89.65M | 55.42M |
EBITDA | 42.65M | 45.34M | 37.94M | 22.43M | 10.32M |
Net Income | -7.16M | -7.21M | 29.00M | -35.81M | -41.30M |
Balance Sheet | |||||
Total Assets | 430.98M | 442.93M | 475.71M | 456.00M | 495.63M |
Cash, Cash Equivalents and Short-Term Investments | 3.79M | 6.25M | 8.88M | 7.48M | 19.32M |
Total Debt | 98.75M | 115.22M | 131.69M | 240.42M | 241.99M |
Total Liabilities | 135.13M | 147.27M | 173.18M | 269.50M | 273.15M |
Stockholders Equity | 293.62M | 293.37M | 300.59M | 184.51M | 220.80M |
Cash Flow | |||||
Free Cash Flow | 25.19M | 28.73M | -5.69M | 9.77M | 24.93M |
Operating Cash Flow | 46.80M | 51.35M | 28.54M | 16.63M | 27.72M |
Investing Cash Flow | -21.91M | -25.45M | -28.95M | -5.69M | -3.01M |
Financing Cash Flow | -27.03M | -28.85M | 1.44M | -22.79M | -9.41M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
79 Outperform | C$375.50M | 6.62 | 25.15% | 9.39% | 4.69% | -34.62% | |
73 Outperform | C$30.99M | 18.45 | 1.91% | ― | -11.14% | -84.33% | |
67 Neutral | C$415.58M | 14.37 | -1.17% | ― | -2.85% | -144.20% | |
67 Neutral | C$87.14M | 4.62 | 11.11% | ― | 2.57% | 63.53% | |
53 Neutral | C$71.92M | ― | -1.99% | ― | 5.00% | 22.76% | |
52 Neutral | C$2.98B | -1.53 | -3.48% | 6.50% | 3.05% | -49.39% |
Western Energy Services Corp. reported a decrease in second-quarter 2025 revenue to $40 million, down 7% from the previous year, primarily due to lower production services revenue despite increased contract drilling in Canada. The company achieved an 11% increase in Adjusted EBITDA to $5.9 million, aided by lower reorganization costs, but faced a net loss of $4.6 million. Operationally, Canadian drilling rig utilization improved to 25%, while service rig utilization dropped to 19% due to changes in customer programs. In the U.S., the company shifted focus to North Dakota, resulting in an 8% increase in revenue per operating day.
Western Energy Services Corp. has appointed Gavin Lane as the new President and CEO, following his interim role since January 31, 2025, after Alex MacAusland’s retirement. The decision comes after a comprehensive evaluation and external search, with the Board expressing confidence in Lane’s leadership to advance the company’s operations, safety processes, earning power, and culture. Chantel Calancia will continue as Interim CFO while a search for a permanent CFO is conducted.