Western Energy Services Corp. (TSX:WRG)

Western Energy Services Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	10.89	2.66	3.79	5.93	8.88	7.48
Short-Term Investments	0.28	0.28	0.35	0.32	0.45	0.41
Cash & Short-Term Investments	11.17	2.94	4.13	6.25	9.32	7.89
Cash Growth	103.18%	-28.93%	-33.91%	-32.96%	18.25%	-59.93%
Accounts Receivable	24.8	39.16	36.88	36.86	45.3	25.72
Other Receivables	0.55	0.54	0.68	0.78	1.91	0.75
Receivables	25.35	39.7	37.56	37.84	47.44	26.68
Inventory	0.06	0.06	0.26	3.58	4.07	3.6
Prepaid Expenses	1.2	2.13	2.76	2.98	0.63	2.1
Other Current Assets	0.11	0.9	0.12	0.08	0.08	0.1
Total Current Assets	37.89	45.73	44.84	50.73	61.54	40.35
Property, Plant & Equipment	323.42	332.92	386.14	392.17	413.84	415.25
Long-Term Deferred Charges	0.28	-	-	0.03	0.12	-
Total Assets	362.15	378.65	430.98	442.93	475.71	456

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	17.89	10.42	10.65	11.47	21.97	11.2
Accrued Expenses	-	10.95	16.94	15.09	12.49	13.39
Current Portion of Long-Term Debt	3.73	4.52	5.86	1.58	2.74	11.1
Current Portion of Leases	1.66	1.7	1.47	2.47	2.42	2.44
Total Current Liabilities	23.27	27.58	34.93	30.61	39.62	38.13
Long-Term Debt	70.46	81	91.66	109.28	123.62	221.71
Long-Term Leases	3.1	3.9	4.67	1.9	2.91	5.18
Long-Term Deferred Tax Liabilities	0.17	0.72	3.88	5.49	7.03	4.49
Total Liabilities	97	113.2	135.13	147.27	173.18	269.5

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	521.64	521.6	521.6	521.6	521.55	441.67
Additional Paid-In Capital	20.35	20.34	21.18	20.37	17.66	15.76
Retained Earnings	-310.09	-307.83	-281.83	-274.68	-267.47	-296.47
Comprehensive Income & Other	31.15	29.07	32.67	26.07	28.85	23.54
Total Common Equity	263.04	263.19	293.62	293.37	300.59	184.51
Minority Interest	2.11	2.26	2.23	2.3	1.94	1.99
Shareholders' Equity	265.15	265.45	295.85	295.67	302.53	186.5
Total Liabilities & Equity	362.15	378.65	430.98	442.93	475.71	456

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	78.94	91.12	103.66	115.22	131.69	240.42
Net Cash (Debt)	-67.77	-88.18	-99.53	-108.97	-122.37	-232.54
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.00	-2.61	-2.94	-3.22	-5.19	-305.39
Filing Date Shares Outstanding	33.85	33.84	33.84	33.84	33.84	0.76
Total Common Shares Outstanding	33.85	33.84	33.84	33.84	33.84	0.76
Working Capital	14.62	18.15	9.91	20.13	21.92	2.22
Book Value Per Share	7.77	7.78	8.68	8.67	8.88	241.43
Tangible Book Value	263.04	263.19	293.62	293.37	300.59	184.51
Tangible Book Value Per Share	7.77	7.78	8.68	8.67	8.88	241.43
Land	4.6	4.6	5.09	5.09	5.09	5.09
Buildings	3.8	3.8	5.14	4.46	4.4	4.4
Machinery	1,036	1,058	1,074	1,058	1,052	1,013

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 29, 2026

Data Sources Report a data error