Western Energy: Fourth Quarter Earnings Overview

Western Energy Services Corp. Reports Fourth Quarter Financial Results

Western Energy Services Corp., headquartered in Calgary, Alberta, announced a fourth-quarter net loss of $15.2 million.

The company’s loss per share for the quarter was 45 cents. After adjusting for one-time expenses, earnings amounted to 8 cents per share.

During the same period, the drilling services provider generated $41.9 million in revenue.

For the full fiscal year, Western Energy Services Corp. recorded a total loss of $18.6 million, or 54 cents per share, with annual revenue reaching $155.7 million.