Western Energy Services Third Quarter 2024 Earnings: CA$0.037 loss per share (vs CA$0.04 loss in 3Q 2023)

Western Energy Services (TSE:WRG) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$58.3m (up 6.1% from 3Q 2023).
• Net loss: CA$1.26m (loss narrowed by 7.0% from 3Q 2023).
• CA$0.037 loss per share (improved from CA$0.04 loss in 3Q 2023).

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 2.6% p.a. on average during the next 3 years, compared to a 6.0% 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

Before you take the next step you should know about the 1 warning sign for Western Energy Services that we have uncovered.

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