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High Arctic Energy Services Inc (HWO.TO)

High Arctic Energy Services Inc (HWO.TO)
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Financial Summary for [[ item.sessionDateDisplayLong ]]
High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are the Drilling Services segment, which consists of drilling services; the Production Services segment, which consists of well servicing and snubbing services; the Rental Services segment consists of High Arctic's oilfield rental equipment of pressure control and other oilfield equipment to exploration and production companies in Canada; and the Corporate segment provides management and administrative services to all the corporation's operations. The Rental Services segment generates the majority company's revenue.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Sales 10,641 10,470 61,933 80,020 76,442
Sales Growth +1.63% -83.09% -22.60% +4.68% -15.81%
Net Income 356 28,311 -13,139 -36,583 -18,607
Net Income Growth -98.74% +315.47% +64.08% -96.61% +28.16%
(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Total Assets 29,883 30,867 123,137 133,957 185,452
Total Assets Growth -3.19% -74.93% -8.08% -27.77% -13.42%
Total Liabilities 7,840 9,762 23,805 18,726 36,601
Total Liabilities Growth -19.69% -58.99% +27.12% -48.84% -0.81%
(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Operating Cash Flow 1,060 14,274 11,216 7,863 -1,797
Operating Cash Flow Growth -92.57% +27.26% +42.64% +537.56% -109.12%
Net Cash Flow 181 -47,925 31,492 7,778 -20,758
Change in Net Cash Flow +100.38% -252.18% +304.89% +137.47% -187.96%
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