Brief: High Arctic Reports Qtrly Loss Per Share $0.02

High Arctic Energy Services

09/05/2019 22:58

May 9 (Reuters) - High Arctic Energy Services Inc  HWO.TO :
    * HIGH ARCTIC REPORTS 2019 FIRST QUARTER RESULTS
    * Q1 REVENUE C$46.5 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
C$48.4 MILLION
    * QTRLY FUNDS PROVIDED FROM OPERATIONS PER SHARE $0.10
    * QTRLY LOSS PER SHARE $0.02
    * Q1 EARNINGS PER SHARE VIEW C$0.00 -- REFINITIV IBES DATA
    * INDUSTRY ACTIVITY IN Q1 WAS AFFECTED BY ALBERTA GOVERNMENT
IMPOSED APPORTIONMENT OF OIL PRODUCTION IN PROVINCE
    * UNCERTAINTIES WITHIN CANADIAN INDUSTRY ARE ONGOING
    * EXPECT IMPROVED LEVEL OF ACTIVITY TO BE MAINTAINED
THROUGHOUT
2019.
    * CONCORD HAS ALREADY BEGUN TO EXPERIENCE MUCH IMPROVED
EQUIPMENT
UTILIZATION LEADING INTO Q2 OF 2019
    * EXPECT DRILLING ACTIVITY TO INCREASE IN PNG AS EARLY AS Q4
2019

Source text for Eikon:  ID:nGNXbTXCFV 
Further company coverage:  HWO.TO 

 ((Reuters.Briefs@thomsonreuters.com;))