AP NEWS

Western Energy: 4Q Earnings Snapshot

February 28, 2020 GMT

CALGARY, Alberta (AP) _ Western Energy Services Corp. (WEEEF) on Thursday reported a loss of $39.6 million in its fourth quarter.

On a per-share basis, the Calgary, Alberta-based company said it had a loss of 42 cents. Losses, adjusted for asset impairment costs, came to 8 cents per share.

The drilling services company posted revenue of $34.7 million in the period.

For the year, the company reported that its loss widened to $61.1 million, or 66 cents per share. Revenue was reported as $148 million.

The company’s shares closed at 22 cents. A year ago, they were trading at 26 cents.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WEEEF at https://www.zacks.com/ap/WEEEF