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Home CompaniesHigh Arctic Energy Services Inc.

High Arctic Energy Services Inc.

Energy Oil & Gas Equipment & Services
PortfolioPortfolio WatchlistWatchlist
Company price
1.03 CAD -0.17 ( 14.17%)
Last update at 2026-11-04T19:38:00Z
VOLUME
2011
Market Cap
10.54M
P/E
27.67

Momentum Score

…

High Arctic Energy Services Inc., an oilfield services company, provides oilfield services to exploration and production companies in Western Canada. It operates through two segments, Rental Services and Production Services. The company leases oilfield and pressure control equipment comprising high-pressure blowout preventers, high pressure valves and spooling, high pressure pipework, boilers, pumps, lighting towers, oilfield tubular handling tools, and rig shacks. It also provides snubbing and well servicing services. High Arctic Energy Services Inc. was founded in 1993 and is headquartered in Calgary, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
1.03
Low
1.20
High
52 Week Price Range
0.75
Low
0.99
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

High Arctic Energy Services provides integrated oilfield services, including drilling, well servicing, fluid hauling and maintenance, to upstream energy operators in Canada. Long-term growth may be supported by steady energy production and infrastructure activity, and investors may find exposure to diversified service lines and recurring contracts attractive.

Material risks include sensitivity to oil and gas activity and commodity prices, competitive and execution pressures, capital intensity and operational or regulatory setbacks.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
1.20
Dividend Yield
-
Revenue TTM
10.64M
Revenue Per Share
0.84
Gross Profit TTM
5.45M
Debt / Equity
0.19
ROE
1.65%
Net Debt
1.00M
ROCE
-2.66%
Diluted EPS TTM
0.03

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 0.34M -2.11M -16.25M -27.70M -19.92M
Net income 0.36M 28.31M -13.14M -36.58M -18.61M
Selling general administrative - 5.72M 9.80M 11.30M 11.03M
Selling and marketing expenses - - 0.16M - -
Gross profit 3.03M 2.61M 11.31M -5.78M -8.42M
Reconciled depreciation - 2.60M 9.95M 17.70M 23.64M
Ebit -0.69M -1.88M -15.88M -16.57M -19.47M
Ebitda 1.74M 0.72M -14.32M 1.13M 4.17M
Depreciation and amortization 2.43M 2.60M 1.57M 17.70M 23.64M
Operating income -0.69M -2.96M 1.35M -16.57M -19.47M
Other operating expenses 11.33M 13.44M 60.59M 96.71M 95.87M
Interest expense 0.29M 0.54M 0.23M 1.40M 0.67M
Tax provision - 0.01M -3.42M 8.89M -1.31M
Interest income - 0.87M 2.21M 0.62M 0.87M
Net interest income - 1.31M 1.83M -1.28M -0.71M
Extraordinary items - 30.43M -12.15M - -
Income tax expense -0.01M 0.01M -3.42M 8.89M -1.31M
Total revenue 10.64M 10.47M 61.93M 80.02M 76.44M
Total operating expenses 3.71M 5.57M 9.96M 10.91M 11.01M
Cost of revenue 7.62M 7.86M 50.62M 85.80M 84.86M
Total other income expense net 1.03M 0.86M -17.60M -11.12M -0.45M
Net income from continuing ops - -2.12M -12.83M -36.58M -18.61M
Net income applicable to common shares - 28.31M -13.14M -36.58M -18.61M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 29.88M 30.87M 123.14M 133.96M 185.45M
Intangible assets 1.18M 1.51M 1.50M - -
Other current assets 0.22M 0.22M 0.85M 1.05M 2.24M
Total liab 7.84M 9.76M 23.80M 18.73M 36.60M
Total stockholder equity 22.04M 21.11M 99.33M 115.23M 148.85M
Other current liab 2.97M - 9.54M 0.47M 0.66M
Common stock 133.43M - 169.99M 169.55M 169.70M
Capital stock - 133.15M 169.99M 169.55M 169.70M
Retained earnings -123.37M -123.73M -112.19M -96.86M -58.09M
Other liab - - - 3.89M 6.05M
Good will 0.81M 0.81M 0.81M - -
Other assets - - - 2.60M 9.74M
Cash 3.29M 3.12M 50.33M 19.56M 12.04M
Total current liabilities 4.02M 4.53M 16.45M 9.82M 15.41M
Current deferred revenue - - 0.37M - -
Net debt 1.00M 0.23M -43.98M -13.86M 4.48M
Short term debt 0.47M - 1.13M 0.68M 1.38M
Short long term debt - 0.17M - - -
Short long term debt total 4.29M - 6.35M 5.70M 16.52M
Other stockholder equity 13.32M - 14.55M 14.69M 13.82M
Property plant equipment - - - 54.34M 130.58M
Total current assets 7.66M 7.22M 79.44M 69.28M 45.13M
Long term investments - 7.49M 8.18M 7.74M -
Net tangible assets - - - 115.23M 148.85M
Net receivables 4.12M 2.75M 18.88M 39.57M 21.72M
Long term debt - 3.18M 3.35M 4.03M 7.78M
Inventory 0.02M 0.07M 9.38M 9.10M 9.14M
Accounts payable 0.58M 0.88M 5.41M 8.67M 13.37M
Accumulated other comprehensive income -1.33M - 26.98M 27.85M 23.42M
Non currrent assets other - - 1.50M 2.60M 2.00M
Non current assets total 22.22M 23.65M 43.70M 64.68M 140.32M
Capital lease obligations - 1.31M 2.82M 1.48M 8.45M
Long term debt total - - - 5.02M 15.14M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -23.09M 24.21M 6.65M -5.57M
Change to liabilities - - - 0.00M 0.00M
Total cashflows from investing activities -0.46M -23.09M 24.21M 6.65M -5.57M
Net borrowings - -0.52M -0.87M -4.73M -3.54M
Total cash from financing activities -0.42M -39.10M -3.93M -6.74M -13.39M
Change to operating activities - - - 10.84M -5.49M
Net income 0.36M -2.12M -13.14M -36.58M -18.61M
Change in cash 0.17M -47.21M 30.77M 7.52M -20.56M
Begin period cash flow 3.12M 50.33M 19.56M 12.04M 32.60M
End period cash flow 3.29M 3.12M 50.33M 19.56M 12.04M
Total cash from operating activities 1.06M 14.27M 11.22M 7.86M -1.80M
Depreciation 2.43M 2.60M 9.95M 17.70M 23.64M
Other cashflows from investing activities 1.43M -21.15M 0.03M 10.72M 0.47M
Dividends paid - -37.84M -2.19M 2.19M 9.75M
Sale purchase of stock - -37.84M -0.03M -0.06M -0.10M
Other cashflows from financing activities -0.25M 37.10M 0.12M 0.24M 8.07M
Change to netincome - - - 15.90M -1.33M
Capital expenditures 1.23M 1.95M 1.96M 4.07M 7.24M
Change in working capital -0.73M -0.30M -0.53M 10.84M -5.49M
Stock based compensation - -0.39M 0.33M 0.78M 0.71M
Other non cash items -0.99M 14.48M 19.41M 9.92M 0.17M
Free cash flow -0.17M 12.33M 9.26M 3.79M -9.04M

Peer Comparison*

Sector: Energy Industry: Oil & Gas Equipment & Services

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
HWO
High Arctic Energy Services Inc.		 -0.17
14.17%		 1.03 27.67 95.24 0.99 0.48 1.08 3.86
EFX
Enerflex Ltd.		 -4.31
13.18%		 28.40 44.54 15.80 1.50 2.60 1.33 8.44
CEU
CES Energy Solutions Corp		 -1.75
8.56%		 18.70 19.15 17.92 1.48 4.60 1.67 10.57
TVK
Terravest Capital Inc		 -3.58
3.24%		 107.04 32.39 57.14 1.91 4.02 2.52 11.60
TCW
Trican Well Service Ltd.		 -0.26
4.03%		 6.19 11.28 10.49 1.23 1.92 1.31 5.99

Profile*

High Arctic Energy Services Inc.

High Arctic Energy Services Inc., an oilfield services company, provides oilfield services to exploration and production companies in Western Canada. It operates through two segments, Rental Services and Production Services. The company leases oilfield and pressure control equipment comprising high-pressure blowout preventers, high pressure valves and spooling, high pressure pipework, boilers, pumps, lighting towers, oilfield tubular handling tools, and rig shacks. It also provides snubbing and well servicing services. High Arctic Energy Services Inc. was founded in 1993 and is headquartered in Calgary, Canada.

Calgary Place I, Calgary, AB, Canada, T2P 0L4

403-508-7836

https://haes.ca

16

Name Title Year Born
Mr. Michael Rupert Binnion C.A. Exec. Chairman 1961
Mr. Michael Joseph Maguire CEO & Pres NA
Mr. Lance Mierendorf C.A., CPA, CA Chief Financial Officer NA
Mr. Stephen P. Lambert Chief Quality & Risk Officer NA
Mr. Samuel Ward VP of Operations ? PNG NA
Mr. Michael Joseph Maguire Chief Executive Officer NA
Mr. Lonn Bate Chief Financial Officer NA
Mr. Trevor Barker General Manager of Operations NA
Mr. Michael Joseph Maguire Interim Chief Executive Officer NA
Mr. Trevor Barker COO & VP Operations NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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