Western Energy Services First Quarter 2025 Earnings: EPS: CA$0.067 (vs CA$0.044 in 1Q 2024)

Western Energy Services (TSE:WRG) First Quarter 2025 Results

Key Financial Results

• Revenue: CA$69.0m (up 11% from 1Q 2024).
• Net income: CA$2.26m (up 51% from 1Q 2024).
• Profit margin: 3.3% (up from 2.4% in 1Q 2024). The increase in margin was driven by higher revenue.
• EPS: CA$0.067 (up from CA$0.044 in 1Q 2024).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Western Energy Services Earnings Insights

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Energy Services industry in Canada.

Performance of the Canadian Energy Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Western Energy Services that you need to take into consideration.

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