Canada's BQE Water Q2 revenue falls on absence of one-time sale

BQE Water

27/08/2026 22:15

Overview
Canada mine water treatment firm's Q2 revenue fell yr/yr, net income and EBITDA remained stable
Company attributed lower revenue to absence of one-time equipment sale in 2025
Operational expansion at new sites contributed to revenue from operational services

Outlook
BQE Water expects operational services revenue to increase significantly in 2026 versus 2025
Company anticipates higher short-term operations revenue in Q3 and Q4 compared to last yr
Company says financial performance will depend on successful implementation of system upgrades

Result Drivers
NEW OPERATING SITES - Co said initiation of services at five new long-term and three new short-term operations contributed to Q2 operational services revenue
ABSENCE OF ONE-TIME SALE - Co attributed overall revenue decline to lack of one-time equipment sale completed in 2025
GROSS MARGIN IMPROVEMENT - Co reported gross margin rose 15% yr/yr despite lower revenue

Company press release: ID:nNFC1QhvhS

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
C$1.84 mln
 
Q2 Adjusted EBITDA
 
C$2.4 mln
 
Q2 Basic EPS
 
C$1.42
 

Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the environmental services & equipment peer group is "buy."
Wall Street's median 12-month price target for BQE Water Inc is C$108.00, about 54.3% above its August 26 closing price of C$70.00
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Aug 26 - Beijing Enterprises Water H1 revenue falls 6% on portfolio shift
Aug 26 - Canada's BluMetric Environmental Q3 revenue jumps on acquisitions, WaterTech growth
Aug 25 - China's Tianjin Capital Environmental Protection H1 revenue rises

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)