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Western Energy Services Releases Q4 Financial Results

Western Energy Services Corp. (WRG.TO) today released its fourth quarter 2011 financial results. Revenue in the fourth quarter of 2011 totalled $101.3 million, a $74.7 million increase (or 281%) over the prior year. Net income from continuing operations, before considering gains on business acquisitions, totalled $24.9 million ($0.43 per share) in the fourth quarter of 2011, an increase of 751%. EBITDA totalled $41.5 million (41% of revenue) in the fourth quarter of 2011, a $32.1 million increase (or 343%) over the prior year.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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