Reported Earnings • 22h
Second quarter 2026 earnings released: EPS: CA$0 (vs CA$0.022 loss in 2Q 2025) Second quarter 2026 results: EPS: CA$0 (improved from CA$0.022 loss in 2Q 2025). Revenue: CA$2.94m (up 23% from 2Q 2025). Net income: CA$3.0k (up CA$298.0k from 2Q 2025). Profit margin: 0.1% (up from net loss in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Announcement • Jun 10
High Arctic Energy Services Inc. Announces CFO Changes, Effective June 10, 2026 High Arctic Energy Services Inc. announced that Jay Bachman, High Arctic's Interim Chief Financial Officer, had recently tendered his resignation and his last day at High Arctic would be June 10, 2026. The Corporation had waived Mr. Bachman's notice period in his employment arrangement to permit him to quickly move on to a new opportunity. Mr. Bachman had been with High Arctic since September 2024 and was instrumental in the transition of the accounting and reporting aspects related to High Arctic's 2024 carve-out transaction with High Arctic Overseas Corp. Since assuming the role of Interim Chief Financial Officer in August of last year, Jay had led efforts to streamline the Corporation's financial and governance processes to better align with the go-forward scale and requirements at High Arctic. Teh company also announced that Ms. Dorraine Neal had been appointed Interim Chief Financial Officer, effective June 10, 2026. Ms. Neal initially joined the Corporation in March 2024 in a consulting capacity and accepted a full-time role as Corporate Controller in September 2024. Ms. Neal is a Chartered Professional Accountant with over 25 years of expertise in financial operations, management accounting and reporting, implementing/maintaining multi-currency financial systems and corporate budgeting and planning. Since joining High Arctic she had proven her ability to successfully manage the finance and administration team while effectively supporting operational management and senior executives. Reported Earnings • May 20
First quarter 2026 earnings released: EPS: CA$0.07 (vs CA$0.01 loss in 1Q 2025) First quarter 2026 results: EPS: CA$0.07 (up from CA$0.01 loss in 1Q 2025). Revenue: CA$2.74m (up 17% from 1Q 2025). Net income: CA$855.0k (up CA$975.0k from 1Q 2025). Profit margin: 31% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Announcement • Mar 09
High Arctic Energy Services Inc, Annual General Meeting, May 14, 2026 High Arctic Energy Services Inc, Annual General Meeting, May 14, 2026. Announcement • Apr 21
High Arctic Energy Services Inc, Annual General Meeting, Jun 19, 2025 High Arctic Energy Services Inc, Annual General Meeting, Jun 19, 2025. New Risk • Oct 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.15m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (€9.15m market cap, or US$9.94m). Minor Risk Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Declared Dividend • Jul 08
First quarter dividend of CA$0.76 announced Shareholders will receive a dividend of CA$0.76. Ex-date: 18th July 2024 Payment date: 17th July 2024 Dividend yield will be 77%, which is higher than the industry average of 2.7%. Announcement • Jun 13
High Arctic Energy Services Inc Appoints Lonn Bate as Chief Financial Officer Effective July 1, 2024 High Arctic Energy Services Inc. announced the appointment of Lonn Bate as Chief Financial Officer effective July 1, 2024. Mr. Bate initially joined the Corporation in March 2023 in a consulting capacity and in August of 2023 took on the role of Interim CFO with a view to strengthening the finance and accounting processes within the Corporation and providing financial leadership for High Arctic to advance its restructuring initiatives that have culminated in the Arrangement. Mr. Bate is a Chartered Professional Accountant (CA) with over 25 years of broad financial leadership including substantial periods in senior executive roles of public and private junior energy and energy services companies. Mr. Bate's experience extends to the international as well as the Canadian energy sectors. He brings extensive knowledge in financial stewardship, strategic planning and analysis, equity and debt financing, company reorganizations, mergers and acquisitions, and consolidating global finance teams. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: CA$0.07 (vs CA$0.013 loss in 1Q 2023) First quarter 2024 results: EPS: CA$0.07 (up from CA$0.013 loss in 1Q 2023). Revenue: CA$18.0m (up 89% from 1Q 2023). Net income: CA$3.51m (up CA$4.13m from 1Q 2023). Profit margin: 20% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 15
High Arctic Energy Services Inc to Report Q1, 2024 Results on May 15, 2024 High Arctic Energy Services Inc announced that they will report Q1, 2024 results After-Market on May 15, 2024 Reported Earnings • Apr 09
Full year 2023 earnings released: CA$0.25 loss per share (vs CA$0.75 loss in FY 2022) Full year 2023 results: CA$0.25 loss per share (improved from CA$0.75 loss in FY 2022). Revenue: CA$61.9m (down 23% from FY 2022). Net loss: CA$12.8m (loss narrowed 65% from FY 2022). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Apr 04
High Arctic Energy Services Inc to Report Q4, 2023 Results on Apr 05, 2024 High Arctic Energy Services Inc announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Apr 05, 2024 Reported Earnings • Nov 19
Third quarter 2023 earnings released: CA$0.31 loss per share (vs CA$0.093 loss in 3Q 2022) Third quarter 2023 results: CA$0.31 loss per share (further deteriorated from CA$0.093 loss in 3Q 2022). Revenue: CA$17.8m (up 42% from 3Q 2022). Net loss: CA$15.0m (loss widened 231% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Oct 24
High Arctic Energy Services Inc to Report Q3, 2023 Results on Nov 08, 2023 High Arctic Energy Services Inc announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 New Risk • Oct 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 333% Earnings have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (€40.4m market cap, or US$42.4m). Announcement • Sep 23
High Arctic Energy Services Inc. Declares Monthly Dividend, Payable on October 16, 2023 High Arctic Energy Services Inc. announced that its Board of Directors has approved a monthly dividend payment of $0.005 per share to holders of common shares. The dividend is payable on October 16, 2023, to holders of High Arctic common shares of record at the close of business on September 29, 2023. The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes. Announcement • Aug 23
High Arctic Energy Services Inc. Declares Monthly Dividend, Payable on September 14, 2023 High Arctic Energy Services Inc. announced that its Board of Directors has approved a monthly dividend payment of $0.005 per share to holders of common shares. The dividend is payable on September 14, 2023, to holders of High Arctic common shares of record at the close of business on August 31, 2023. Announcement • Aug 12
High Arctic Energy Services Inc Announces CFO Changes, Effective August 17, 2023 High Arctic Energy Services Inc. announced that Mr. Lonn Bate has been appointed Interim Chief Financial Officer, effective August 17, 2023. Mr. Bate initially joined the Corporation in March 2023 in a consulting capacity. Mr. Bate is a Chartered Professional Accountant, CA with over 25 years of broad financial leadership including substantial periods in senior executive roles of public and private junior energy and energy services companies. Mr. Bates experience extends to international as well as the Canadian energy sector. He brings extensive knowledge in financial stewardship, strategic planning and analysis, equity and debt financing, company reorganizations, mergers and acquisitions, and consolidating global finance teams. As announced on May 23, 2023 Mr. Lance Mierendorf, High Arctics Chief Financial Officer for the past two years, tendered his resignation with effect August 17. Announcement • Aug 10
High Arctic Energy Services Inc Announces the Resignation of Daniel Bordessa as a Director High Arctic Energy Services Inc. announced that Daniel Bordessa has tendered his resignation as a director effective immediately. Mr. Bordessa has been a director of the Corporation since April 2011. Mr. Bordessa sits on the Board’s Audit, QHSE, Remuneration and Executive Committees. The Board will replace Mr. Bordessa on these committees from among the four remaining directors. Mr. Bordessa is a partner of Cyrus Capital Partners, L.P. New Risk • Aug 06
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 333% Dividend yield: 4.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 333% Earnings have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (€44.6m market cap, or US$49.1m). Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: CA$0.001 (vs CA$0.42 loss in 2Q 2022) Second quarter 2023 results: EPS: CA$0.001 (up from CA$0.42 loss in 2Q 2022). Revenue: CA$17.2m (down 33% from 2Q 2022). Net income: CA$89.0k (up CA$20.4m from 2Q 2022). Profit margin: 0.5% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Announcement • Aug 01
High Arctic Energy Services Inc to Report Q2, 2023 Results on Aug 03, 2023 High Arctic Energy Services Inc announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 03, 2023 Announcement • Jul 25
High Arctic Energy Services Inc. Declares Monthly Dividend, Payable on August 14, 2023 High Arctic Energy Services Inc. announced that its Board of Directors has approved a monthly dividend payment of $0.005 per share to holders of common shares. The dividend is payable on August 14, 2023, to holders of High Arctic common shares of record at the close of business on July 31, 2023. Announcement • Jun 22
High Arctic Declares Monthly Dividend, Payable on July 14, 2023 High Arctic Energy Services Inc. announced that its Board of Directors has approved a monthly dividend payment of $0.005 per share to holders of common shares. The dividend is payable on July 14, 2023, to holders of High Arctic common shares of record at the close of business on June 30, 2023. Announcement • Jun 21
An Unknown buyer agreed to acquire Canadian nitrogen pumping assets from High Arctic Energy Services Inc for CAD 1.35 million. An Unknown buyer entered into an asset purchase agreement to acquire Canadian nitrogen pumping assets from High Arctic Energy Services Inc for CAD 1.35 million on June 19, 2023. The Nitrogen assets Transaction results in the transfer of High Arctic’s dedicated nitrogen assets and support employees to the Buyer. High Arctic retains associated working capital and estimates a modest gain on sale over equipment net asset carrying value. Transaction is subject to customary commercial closing conditions and is expected to close on July 21, 2023. The net proceeds will increase liquidity as the Corporation furthers its recently announced intention to undertake a return of capital to shareholders and reorganize. Announcement • May 24
High Arctic Energy Services Inc. Announces the Resignation of Lance Mierendorf as Chief Financial Officer, Effective from August 17, 2023 High Arctic Energy Services Inc. announced that Lance Mierendorf, High Arctic’s Chief Financial Officer, has tendered his resignation and plans to step down effective August 17, 2023. Mr. Mierendorf has been with High Arctic for the past two years and, in addition to solidifying financial reporting, has been instrumental in strategic transactions undertaken by the Corporation during his tenure. The timing of Lance’s departure corresponds with the release of second quarter 2023 earnings and substantial progress towards the recently announced intention to reorganize the Corporation and effect a return of capital to shareholders subject to a Special Meeting of Shareholders by the end of September, 2023. Considering these developments, a recruitment process will be initiated to appoint a successor. Announcement • May 20
High Arctic Energy Services Inc Declares Monthly Dividend, Payable on June 14, 2023 High Arctic Energy Services Inc. announced that its Board of Directors has approved a monthly dividend payment of $0.005 per share to holders of common shares. The dividend is payable on June 14, 2023, to holders of High Arctic common shares of record at the close of business on May 31, 2023. Reported Earnings • May 14
First quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.055 loss in 1Q 2022) First quarter 2023 results: CA$0.01 loss per share (improved from CA$0.055 loss in 1Q 2022). Revenue: CA$9.53m (down 67% from 1Q 2022). Net loss: CA$625.0k (loss narrowed 77% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • May 06
High Arctic Energy Services Inc to Report Q1, 2023 Results on May 11, 2023 High Arctic Energy Services Inc announced that they will report Q1, 2023 results After-Market on May 11, 2023 Reported Earnings • Mar 29
Full year 2022 earnings released: CA$0.75 loss per share (vs CA$0.38 loss in FY 2021) Full year 2022 results: CA$0.75 loss per share (further deteriorated from CA$0.38 loss in FY 2021). Revenue: CA$80.0m (up 4.7% from FY 2021). Net loss: CA$36.6m (loss widened 97% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Announcement • Jan 22
High Arctic Energy Services Inc. Declares Monthly Dividend, Payable on February 14, 2023 High Arctic Energy Services Inc. announced that its Board of Directors has approved a monthly dividend payment of $0.005 per share to holders of common shares. The dividend is payable on February 14, 2023, to holders of High Arctic common shares of record at the close of business on January 31, 2023. Reported Earnings • Nov 16
Third quarter 2022 earnings released: CA$0.093 loss per share (vs CA$0.098 loss in 3Q 2021) Third quarter 2022 results: CA$0.093 loss per share (improved from CA$0.098 loss in 3Q 2021). Revenue: CA$12.5m (down 33% from 3Q 2021). Net loss: CA$4.55m (loss narrowed 5.0% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Doug Strong was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Third quarter 2022 earnings released: CA$0.09 loss per share (vs CA$0.098 loss in 3Q 2021) Third quarter 2022 results: CA$0.09 loss per share (improved from CA$0.098 loss in 3Q 2021). Revenue: CA$12.5m (down 33% from 3Q 2021). Net loss: CA$4.55m (loss narrowed 5.0% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
Second quarter 2022 earnings released: CA$0.42 loss per share (vs CA$0.082 loss in 2Q 2021) Second quarter 2022 results: CA$0.42 loss per share (down from CA$0.082 loss in 2Q 2021). Revenue: CA$25.7m (up 57% from 2Q 2021). Net loss: CA$20.3m (loss widened 404% from 2Q 2021). Over the next year, revenue is expected to shrink by 17% compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • May 15
First quarter 2022 earnings released: CA$0.05 loss per share (vs CA$0.11 loss in 1Q 2021) First quarter 2022 results: CA$0.05 loss per share (up from CA$0.11 loss in 1Q 2021). Revenue: CA$28.7m (up 61% from 1Q 2021). Net loss: CA$2.67m (loss narrowed 49% from 1Q 2021). Over the next year, revenue is forecast to grow 44%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Doug Strong was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Doug Strong was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2021 earnings released: CA$0.10 loss per share (vs CA$0.13 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses and improved control over expenses, although revenues were flat. Third quarter 2021 results: Revenue: CA$18.7m (flat on 3Q 2020). Net loss: CA$4.78m (loss narrowed 23% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 14
Second quarter 2021 earnings released: CA$0.08 loss per share (vs CA$0.12 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$16.4m (up 1.7% from 2Q 2020). Net loss: CA$4.02m (loss narrowed 33% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • May 15
First quarter 2021 earnings released: CA$0.11 loss per share (vs CA$0.044 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: CA$17.8m (down 55% from 1Q 2020). Net loss: CA$5.20m (loss widened 136% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Executive Departure • Apr 06
VP of Finance & CFO has left the company On the 2nd of April, Christopher Ames' tenure as VP of Finance & CFO ended after 1.1 years in the role. We don't have any record of a personal shareholding under Christopher's name. Christopher is the only executive to leave the company over the last 12 months. Reported Earnings • Mar 13
Full year 2020 earnings released The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CA$90.8m (down 51% from FY 2019). Net loss: CA$25.9m (loss widened 194% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Mar 13
Revenue misses expectations Revenue missed analyst estimates by 0.2%. Over the next year, revenue is forecast to grow 2.4%, compared to a 2.3% growth forecast for the Energy Services industry in Germany. Is New 90 Day High Low • Feb 25
New 90-day high: €0.97 The company is up 35% from its price of €0.72 on 27 November 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 9.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: CA$0.12 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: CA$18.5m (down 63% from 3Q 2019). Net loss: CA$6.20m (loss widened 464% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 111% per year but the company’s share price has only fallen by 42% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue beats expectations Revenue exceeded analyst estimates by 2.8%. Over the next year, revenue is expected to shrink by 13% compared to a 8.7% decline forecast for the Energy Services industry in Germany. Is New 90 Day High Low • Nov 07
New 90-day high: €0.46 The company is up 42% from its price of €0.33 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is down 9.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day low: €0.32 The company is down 28% from its price of €0.45 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 16% over the same period. Announcement • Aug 12
High Arctic Energy Services Inc to Report Q2, 2020 Results on Aug 13, 2020 High Arctic Energy Services Inc announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 13, 2020 
