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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	3.24	2.66	3.79	5.93	8.88	7.48
Short-Term Investments	0.32	0.28	0.35	0.32	0.45	0.41
Cash & Short-Term Investments	3.56	2.94	4.13	6.25	9.32	7.89
Cash Growth	-4.56%	-28.93%	-33.91%	-32.96%	18.25%	-59.93%
Accounts Receivable	43.14	39.16	36.88	36.86	45.3	25.72
Other Receivables	0.59	0.54	0.68	0.78	1.91	0.75
Receivables	43.72	39.7	37.56	37.84	47.44	26.68
Inventory	0.07	0.06	0.26	3.58	4.07	3.6
Prepaid Expenses	0.66	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	48.13	45.73	44.84	50.73	61.54	40.35
Property, Plant & Equipment	324.12	332.92	386.14	392.17	413.84	415.25
Long-Term Deferred Charges	0.25	-	-	0.03	0.12	-
Total Assets	373.06	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	18.18	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	3.54	4.52	5.86	1.58	2.74	11.1
Current Portion of Leases	1.76	1.7	1.47	2.47	2.42	2.44
Total Current Liabilities	23.48	27.58	34.93	30.61	39.62	38.13
Long-Term Debt	78.11	81	91.66	109.28	123.62	221.71
Long-Term Leases	3.09	3.9	4.67	1.9	2.91	5.18
Long-Term Deferred Tax Liabilities	0.57	0.72	3.88	5.49	7.03	4.49
Total Liabilities	105.26	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	Sep 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	20.37	20.34	21.18	20.37	17.66	15.76
Retained Earnings	-307.52	-307.83	-281.83	-274.68	-267.47	-296.47
Comprehensive Income & Other	31.08	29.07	32.67	26.07	28.85	23.54
Total Common Equity	265.58	263.19	293.62	293.37	300.59	184.51
Minority Interest	2.23	2.26	2.23	2.3	1.94	1.99
Shareholders' Equity	267.8	265.45	295.85	295.67	302.53	186.5
Total Liabilities & Equity	373.06	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	86.5	91.12	103.66	115.22	131.69	240.42
Net Cash (Debt)	-82.94	-88.18	-99.53	-108.97	-122.37	-232.54
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.45	-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	24.64	18.15	9.91	20.13	21.92	2.22
Book Value Per Share	7.84	7.78	8.68	8.67	8.88	241.43
Tangible Book Value	265.58	263.19	293.62	293.37	300.59	184.51
Tangible Book Value Per Share	7.84	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	1,041	1,058	1,074	1,058	1,052	1,013

Data Source: S&P Global Market Intelligence Last updated: Oct 28, 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:

Nov 9, 2026

Data Sources Report a data error