High Arctic Energy Q3 revenue up 17% on customer expansion

High Arctic Energy Services

07/11/2025 13:59

Overview

High Arctic Q3 2025 revenue up 17% yr/yr, driven by new customer work

Adjusted EBITDA for Q3 2025 nearly doubles from Q3 2024

Net income from Team Snubbing significantly higher than Q3 2024

Outlook

Company expects continued growth in Canada's energy sector due to infrastructure developments

High Arctic sees opportunities despite global economic uncertainty and industry challenges

Company aims to build on Q3 2025 results by executing strategic objectives

Result Drivers

NEW CUSTOMER WORK - High-pressure stimulation work for a new customer contributed to revenue growth and margin expansion

TEAM SNUBBING PERFORMANCE - Team Snubbing achieved record revenue and net income due to increased activity in Alaska and Canada

OPERATIONAL EXCELLENCE - Maintained recordable incident-free work, supporting operational excellence

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
C$2.93 mln
Q3 Net Income
C$931,000
Q3 Adjusted EBITDA
C$757,000
Q3 Capex
C$173,000
Q3 EBITDA
C$1.55 mln
Q3 Operating Income
C$108,000


Press Release: ID:nGNX3639GT

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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.)