1. Canada Stocks

  2. •

    Industrial services

  3. •

    Contract drilling
Western Energy Services Corp.

Western Energy Services Corp.

3.93
CAD
0.00
(0.00%)
-0.83EPS
112.04MMarket Cap
Oct 27Next Earn
Western Energy Services Corp.
TSX:WRG
(Toronto Stock Exchange)

Recent

price

3.93

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CAD
26.09
53.87
55.58
58.27
72.27
32.45
17.87
32.49
27.14
22.51
12.03
19.72
8.5
6.9
6.59
6.43
5.68
Revenue per Share
12.39
13.29
8.14
5.39
5.15
-18.46
-8.91
-5.12
-4.72
-9.28
-4.79
-5.41
1.23
-0.21
-0.21
-0.77
-0.83
Basic EPS, GAAP
-4.81
-6.05
-4.02
2.93
10.35
8.18
1.71
0.89
1.51
2.72
2.89
1.46
-0.24
0.85
0.74
0.57
1.19
Free Cash Flow per Basic Share
- -
- -
0.8
3.06
3.17
3.18
0.53
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
52.49
74.94
80.81
81.09
84.72
67.46
58.12
44.11
40.35
30.37
25.64
21.3
8.88
8.67
8.68
7.78
7.77
Book Value per Share
44.31
64.9
70.94
68.3
74.88
67.46
58.12
44.11
40.35
30.37
25.64
21.3
8.88
8.67
8.68
7.78
7.77
Tangible Book Value per Share
2
5
6
7
7
7
7
7
9
9
9
7
24
34
34
34
34
Basic Weighted Avg Shares
56
263
309
380
508
228
124
238
236
196
104
132
200
233
223
218
192
Sales/Revenue/Turnover
13.18
27.81
24.05
17.32
21.5
7.37
-46.18
-13.73
-15.12
-20.12
-27.43
-14.6
-1.08
1.21
0.17
3.62
-0.16
Operating Margin (%)
7
25
33
49
64
39
59
66
66
63
48
42
40
42
41
41
39
Depreciation Expense
27
65
45
35
36
-129
-62
-38
-41
-81
-41
-36
29
-7
-7
-26
-28
Net Income, GAAP
10.76
21.54
25.98
26.95
37.97
- -
- -
- -
- -
- -
- -
- -
8.88
- -
- -
- -
- -
Effective Tax Rate (%)
47.47
24.66
14.64
9.24
7.13
-56.88
-49.86
-15.76
-17.41
-41.22
-39.79
-27.44
14.47
-3.09
-3.21
-11.95
-14.65
Profit Margin (%)
13
40
78
51
78
71
51
63
16
7
16
2
22
20
10
18
15
Working Capital
46
108
187
263
264
264
264
265
222
228
238
227
127
111
96
85
74
LT Debt
187
414
455
563
601
472
407
386
354
267
222
187
303
296
296
265
265
Total Equity
4.8
14.11
9.33
6.52
7.47
- -
- -
- -
- -
- -
- -
- -
9.79
- -
- -
- -
- -
Return on Invested Capital (%)
22.67
17.65
9.26
6.39
5.75
- -
- -
- -
- -
- -
- -
- -
9.69
- -
- -
- -
- -
Return on Capital (%)
27.28
21.54
10.4
6.91
6.23
-24.23
-14.19
-9.51
-11.19
-26.24
-16.97
-17.83
11.96
-2.43
-2.44
-9.34
-10.1
Return on Common Equity (%)

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
6
11
5
LT Borrowings
81
76
70
LT Finance Leases
4
4
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
34
34
34
Market Capitalization
71
108
112

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
46
47
38
Cash, Cash Equivalents & STI
3
3
11
Accounts Receivable, Net
36
36
21
Inventories
- -
- -
- -
Total Current Liabilities
28
26
23
Payables & Accruals
21
15
18
ST Debt
6
11
5
Deferred Revenue
- -
- -
- -

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-3.49%
6.71%
-10.28%
Free Cash Flow
-79.69%
-172%
-23.4%
Net Income, GAAP
-8.91%
-10.98%
263.35%
Sales/Revenue/Turnover
7%
17.75%
-2.5%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
62
43
58
60
223
2025
69
40
- -
58
218
2026
55
39
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
-0.16
-0.04
-0.06
-0.21
2025
0.07
-0.14
- -
-0.63
-0.77
2026
0.05
-0.12
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Western Energy Services Corp. is a Calgary-based oilfield services company that provides contract drilling services in Canada and the United States and production services in Canada. Founded in 1996 and headquartered at 1700, 215 - 9th Avenue SW, Calgary, Alberta, Canada, the company operates through two main segments: Contract Drilling, encompassing Horizon Drilling in Canada and Stoneham Drilling Corporation in the United States with a fleet of approximately 41 drilling rigs equipped for complex horizontal wells including features such as AC power, top drives, dual fuel capability, automated pipe handling, and Range III tubulars; and Production Services, comprising Eagle Well Servicing with around 62 well servicing rigs for maintenance and related operations and Aero Rental Services offering oilfield rental equipment. Western serves crude oil and natural gas exploration and production companies primarily in Western Canada and select U.S. basins, positioning it as the fourth largest drilling contractor in Canada. Recent developments include the extension of its second lien term loan facility maturity from May 2026 to May 2027 with Alberta Investment Management Corporation in January 2025, enabling voluntary prepayments without premiums and enhancing financial flexibility alongside aligned credit facility extensions; announcement of a $20 million 2025 capital budget comprising $18 million in maintenance capital and $2 million in expansion capital focused on rig fleet upgrades; leadership changes with the appointment of Gavin Lane as President and CEO in May 2025 and Orson Ross as Chief Financial Officer in August 2025; and a business relationship established with Infinity Metis Corp. through Eagle Well Servicing in 2023.

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