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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
Western Energy Services Corp.
WEEEF
(Other OTC)

Recent

price

2.47

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
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
6.71
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
-0.17
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
0.51
Free Cash Flow per Basic Share
- -
- -
0.8
3.06
3.17
3.18
0.53
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
11.45
83.93
80.76
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
Book Value per Share
73.48
73.62
71.91
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
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
227
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
0.65
Operating Margin (%)
7
25
33
49
64
39
59
66
66
63
48
42
40
42
41
41
41
Depreciation Expense
27
65
45
35
36
-129
-62
-38
-41
-81
-41
-36
29
-7
-7
-26
-6
Net Income, GAAP
10.76
21.54
25.98
26.95
37.97
- -
- -
- -
- -
- -
- -
- -
8.88
- -
- -
- -
15.63
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
-2.54
Profit Margin (%)
13
40
78
51
78
71
51
63
16
7
16
2
22
20
10
18
13
Working Capital
46
108
187
263
264
264
264
265
222
228
238
227
127
111
96
85
93
LT Debt
187
414
455
563
601
472
407
386
354
267
222
186
303
296
296
265
288
Total Equity
5.46
14.99
9.33
6.52
8
- -
- -
- -
- -
- -
- -
- -
-0.46
- -
- -
- -
- -
Return on Invested Capital (%)
79.18
22.61
9.36
6.46
5.86
- -
- -
- -
- -
- -
- -
- -
10.76
- -
- -
- -
3.24
Return on Capital (%)
- -
29.86
10.54
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
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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

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