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    Oil & Gas Drilling
Western Energy Services Corp.

Western Energy Services Corp.

WEEEF
Western Energy Services Corp.US flagOther OTC
2.47
USD
- -
- -
83.61MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
6.71
Basic EPS, GAAP
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
-0.17
Free Cash Flow per Basic Share
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
0.51
Dividend per Share
3.06
3.17
3.18
0.53
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
84.48
82.13
60.09
51.74
47.09
34.96
25.52
21.01
21.74
10.77
7.3
7.08
6.32
7.02
Tangible Book Value per Share
72.8
75.65
67.27
58.49
52.68
40.61
30.61
25.81
27.93
12.83
8.74
8.74
7.84
8.52
Basic Weighted Avg Shares
7
7
7
7
7
9
9
9
7
24
34
34
34
34
Sales/Revenue/Turnover
380
508
228
124
238
236
196
104
132
200
233
223
218
227
Operating Margin (%)
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
0.65
Depreciation Expense
49
64
39
59
66
66
63
48
42
40
42
41
41
41
Net Income, GAAP
35
36
-129
-62
-38
-41
-81
-41
-36
29
-7
-7
-26
-6
Effective Tax Rate (%)
26.95
37.97
- -
- -
- -
- -
- -
- -
- -
8.88
- -
- -
- -
15.63
Profit Margin (%)
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
-2.54
Working Capital
51
78
71
51
63
16
7
16
2
22
20
10
18
13
LT Debt
263
264
264
264
265
222
228
238
227
127
111
96
85
93
Total Equity
563
601
472
407
386
354
267
222
186
303
296
296
265
288
Return on Invested Capital (%)
6.52
8
- -
- -
- -
- -
- -
- -
- -
-0.46
- -
- -
- -
- -
Return on Capital (%)
6.46
5.86
- -
- -
- -
- -
- -
- -
- -
10.76
- -
- -
- -
3.24
Return on Common Equity (%)
7.03
6.42
-25.92
-15.88
-10.64
-12.67
-30.71
-20.43
-22.15
14.53
-2.88
-2.94
-11.46
-2.4

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
7
3
3
LT Borrowings
92
102
89
LT Finance Leases
5
4
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
34
34
34
Market Capitalization
89
69
75

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
45
57
36
Cash, Cash Equivalents & STI
4
4
5
Accounts Receivable, Net
30
44
25
Inventories
- -
1
- -
Total Current Liabilities
35
30
23
Payables & Accruals
28
27
21
ST Debt
7
3
3
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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

FRC

•

in mil. unless spec.

Year

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

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

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

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Gavin Bryan Forbister Lane
Full Time Employees
588
Sector
Energy
Industry
Oil & Gas Drilling
Address
215 – 9th Avenue SW Calgary AB Canada T2P 1K3
IPO Date
May 6, 2009
Website
wesc.ca
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Business
Western Energy Services Corp. (WEEEF) provides contract drilling services and production services to oil and gas producers in Western Canada. The company operates drilling rigs, including high-spec AC rigs suited for extended-reach and horizontal drilling; service rigs for well completions, workovers, and abandonments; and related equipment such as wireline services and rentals. Western Energy Services maintains operations primarily in Alberta, British Columbia, and Saskatchewan, with headquarters in Calgary, Alberta, Canada, founded in 1994 through the combination of predecessor entities. Core offerings encompass Precision Drilling's contract drilling segment with a fleet of modern rigs featuring top drives, automated catwalks, and advanced telemetry systems; Production Services' fleet of over 100 service rigs, including rod rigs, conventional rigs, and specialized snubbing units; and ancillary services like dozer services, equipment rentals, and reclamation support. The company targets independent and major oil and gas producers focused on unconventional resource plays such as the Montney, Duvernay, and Viking formations. No major subsidiaries or parent relationships exist, with all operations conducted through its two primary divisions. Recent developments include the 2023 acquisition of Savanna Energy Services Corp., which expanded its drilling rig fleet by 18 high-spec rigs and production services capabilities, enhancing market share in the Western Canadian Sedimentary Basin. In 2024, Western Energy Services launched fleet modernization initiatives, upgrading rigs with Tier 4 engines and digital drilling technologies to improve efficiency and reduce emissions amid industry recovery. Strategic alliances with key customers have supported expanded activity in natural gas and liquids-rich plays, positioning the company for sustained operations into 2025.

Company News

APIChatGPT

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