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Western Energy Services Corp (WRG.TO)

Western Energy Services Corp (WRG.TO)
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Western Energy Services Corp is an energy service company providing contract drilling services through its division, Horizon Drilling in Canada, and its wholly owned subsidiary in the United States. The company provides production services in Canada through its division Eagle Well Servicing (Eagle) which provides well servicing and its division Aero Rental Services (Aero), which provides rental equipment services. It operates in two segments. Contract drilling includes drilling rigs along with related ancillary equipment. Production services include well servicing rigs and related equipment, as well as rental equipment. The contract drilling segment derives the majority of the revenue.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Sales 217,502 223,078 233,451 200,344 131,678
Sales Growth -2.50% -4.44% +16.53% +52.15% +27.00%
Net Income -25,998 -7,155 -7,207 28,999 -36,134
Net Income Growth -263.35% +0.72% -124.85% +180.25% +12.42%
(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Total Assets 378,647 430,981 442,933 475,708 456,003
Total Assets Growth -12.14% -2.70% -6.89% +4.32% -7.99%
Total Liabilities 113,199 135,131 147,268 173,178 269,503
Total Liabilities Growth -16.23% -8.24% -14.96% -35.74% -1.34%
(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Operating Cash Flow 40,974 46,798 51,353 28,541 16,631
Operating Cash Flow Growth -12.45% -8.87% +79.93% +71.61% -40.01%
Net Cash Flow -1,128 -2,145 -2,948 1,400 -11,844
Change in Net Cash Flow +47.41% +27.24% -310.57% +111.82% -177.38%
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