Western Energy Services Corp. is an oilfield service company engaged in the provision of contract drilling services. The company is headquartered in Calgary, Alberta and currently employs 588 full-time employees. The firm's services include Horizon Drilling, Stoneham Drilling, Eagle Well Servicing and Aero Rental Services. Its contract drilling business includes drilling rigs along with related ancillary equipment. Its production services business includes well servicing rigs and related equipment, as well as rental equipment. The company markets a fleet of approximately 41 drilling rigs specifically suited for drilling complex horizontal wells across Canada and the United States. The firm operates around 62 well servicing rigs. Stoneham drilling rigs can include features such as AC power, top drive, dual fuel, automated pipe handling, automated catwalk, hydraulic substructure levelling, hydraulic BOP handling and Range III tubulars.
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
12/31/2025
12/31/2024
03/31/2024
12/31/2023
03/31/2023
Revenue
217
217
223
2,446,893
233
2,895,283
Revenue Growth (YoY)
-3%
-3%
-100%
1,050,069%
-100%
1,242,511%
Cost of Revenue
152
152
158
1,677,809
169
2,074,357
Gross Profit
64
64
64
769,084
63
820,926
Selling, General & Admin
15
15
23
651,535
19
629,717
Research & Development
--
--
--
179,062
--
191,181
Operating Expenses
81
81
64
893,613
61
829,094
Other Non Operating Income (Expenses)
--
--
--
647
--
-854
Pretax Income
-28
-28
-8
-462,792
-8
231
Income Tax Expense
-3
-3
-1
2,657
-1
47,096
Net Income
-25
-25
-7
-311,838
-7
6,987
Net Income Growth
257%
257%
-100%
4,454,729%
-100%
-99,914%
Shares Outstanding (Diluted)
33.84
33.84
33.84
1,635.35
33.84
1,635.27
Shares Change (YoY)
0%
0%
-98%
4,732%
-98%
4,732%
EPS (Diluted)
-0.76
-0.76
-0.21
-190.68
-0.21
4.27
EPS Growth
263%
263%
-100%
89,424%
-100%
-2,106%
Free Cash Flow
19
19
25
-207,010
28
-33,095
Free Cash Flow Per Share
--
--
--
--
--
--
Gross Margin
29.49%
29.49%
28.69%
31.43%
27.03%
28.35%
Operating Margin
-7.83%
-7.83%
0%
-5.08%
0.85%
-0.28%
Profit Margin
-11.52%
-11.52%
-3.13%
-12.74%
-3%
0.24%
Free Cash Flow Margin
8.75%
8.75%
11.21%
-8.46%
12.01%
-1.14%
EBITDA
24
24
41
32,993
44
159,789
EBITDA Margin
11.05%
11.05%
18.38%
1.34%
18.88%
5.51%
D&A For EBITDA
41
41
41
157,522
42
167,957
EBIT
-17
-17
0
-124,529
2
-8,168
EBIT Margin
-7.83%
-7.83%
0%
-5.08%
0.85%
-0.28%
Effective Tax Rate
10.71%
10.71%
12.5%
-0.57%
12.5%
20,387.87%
Follow-Up Questions
What are Western Energy Services Corp.'s key financial statements?
According to the latest financial statement (Form-10K), Western Energy Services Corp. has a total asset of $378, Net loss of $-25
What are the key financial ratios for WEEEF?
Western Energy Services Corp.'s Current ratio is 3.28, has a Net margin is -11.52, sales per share of $6.41.
How is Western Energy Services Corp.'s revenue broken down by segment or geography?
Western Energy Services Corp. largest revenue segment is Contract Drilling, at a revenue of 153,983,000 in the most earnings release.For geography, Canada is the primary market for Western Energy Services Corp., at a revenue of 191,881,000.
Is Western Energy Services Corp. profitable?
no, according to the latest financial statements, Western Energy Services Corp. has a net loss of $-25
Does Western Energy Services Corp. have any liabilities?
yes, Western Energy Services Corp. has liability of 115
How many outstanding shares for Western Energy Services Corp.?
Western Energy Services Corp. has a total outstanding shares of 33.84