Inactive Instrument

CWC Energy Services Corp.

Equities

CWC

CA12671H1055

Oil Related Services and Equipment

CWC Energy Services Corp. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022

March 01, 2023 at 04:02 pm EST

CWC Energy Services Corp. reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported sales was CAD 60.04 million compared to CAD 33.69 million a year ago.

Net income was CAD 26.04 million compared to CAD 2.87 million a year ago. Basic earnings per share from continuing operations was CAD 0.05 compared to CAD 0.01 a year ago. Diluted earnings per share from continuing operations was CAD 0.05 compared to CAD 0.01 a year ago.

Latest news about CWC Energy Services Corp.

Precision Drilling Brief: Says Completed Acquisition of CWC Energy Services Corp.	Nov. 08	MT
Precision Drilling Corporation (TSX:PD) completed the acquisition of CWC Energy Services Corp. from BBU Alta Investments L.P., Brookfield BBP LP, Canada Pension Plan Investment Board, directors, officers and others.	Nov. 07	CI
CWC Shareholders Approve Arrangement With Precision Drilling	Nov. 06	MT
CWC Energy Services Corp. Brief: Announcing Shareholder Approval For Arrangement With Precision Drilling Corp	Nov. 06	MT
Precision Drilling Reports Drop In Q3 Net Earnings YOY, Increases 2023 Capital Spending; National Bank Says Notes Mixed Results	23-10-26	MT
Precision Drilling Reports Drop In Q3 Net Earnings YOY, Increases 2023 Capital Spending	23-10-26	MT
Precision Drilling Rises More Than 4% Following CWC Energy Acquisition, ATB Raises Target Price	23-09-08	MT
Precision Drilling Agrees To Acquire CWC Energy Services In $141 Million Deal; National Bank Says Deal Complements Prospects	23-09-07	MT
Precision Drilling Announces Acquisition Of Cwc Energy Services	23-09-07	RE
Precision Drilling Agrees To Acquire CWC Energy Services In $141 Million Deal	23-09-07	MT
Precision Drilling Brief: Announcing Acquisition of CWC Energy Services For total consideration of approximately $141 million	23-09-07	MT
Precision Drilling Corporation (TSX:PD) entered into a definitive agreement to acquire CWC Energy Services Corp. from BBU Alta Investments L.P., Brookfield BBP LP, Canada Pension Plan Investment Board, directors, officers and others for approximately CAD 110 million.	23-09-06	CI
CWC Energy Services Brief: Net loss per share US$(0.03) For Three Months Ended June 30, 2023	23-08-11	MT
Tranche Update on CWC Energy Services Corp.'s Equity Buyback Plan announced on November 14, 2022.	23-07-27	CI
CWC Energy Services Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-27	CI
CWC Energy Services Swings to a Q2 Loss as Western Canadian Wildfires, Weather, Cut into Operations	23-07-27	MT
CWC Energy Services Brief: Q2 revenue of $34.5 million, a decrease of $8.2 million (19%) compared to a record $42.7 million in Q2 2022	23-07-27	MT
CWC Energy Services Brief: Q2 Net loss of $ 1.6 million, compared to net income of $2.7 million in Q2 2022	23-07-27	MT
Tranche Update on CWC Energy Services Corp.'s Equity Buyback Plan announced on November 14, 2022.	23-04-27	CI
CWC Energy Services Corp. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-27	CI
CWC Energy Services First-Quarter Profit Rises 36% on Record Quarterly Revenue	23-04-27	MT
CWC Energy Services Brief: Q1 Net income per share basic and diluted $0.01	23-04-27	MT
CWC Energy Services Fourth-Quarter Profit up Nine Fold on Reversal of Asset Write Downs	23-03-01	MT
Tranche Update on CWC Energy Services Corp.'s Equity Buyback Plan announced on November 14, 2022.	23-03-01	CI
CWC Energy Services Corp. Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-01	CI

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Company Profile

CWC Energy Services Corp. is a Canada-based premier contract drilling and well servicing company. It provides drilling rigs and service rigs to established oil and gas producers in Canada and the United States. Its Contract Drilling division operates under the trade name CWC Ironhand Drilling and is comprised of 13 electric triple drilling rigs with depth ratings from 3,600-7,600 meters and nine telescopic double drilling rigs with depth ratings from 3,200-5,000 meters. All 22 rigs have top drives, 17 have pad rig moving systems, nine have 7,500 psi pumping systems, three have carbon-reduction bi-fuel capabilities, and two have high line power capabilities. Its Production Services division operates under the trade name CWC Well Services, which has a fleet of 138 service rigs. CWCâs service rig fleet consists of 73 single, 52 double and 13 slant rigs providing services, which include completions, maintenance, workovers and well decommissioning with depth ratings from 1,500-5,000 meters.

Sector

Oil Related Services and Equipment

Calendar

2024-07-24 - Q2 2024 Earnings Release (Projected)

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