High Arctic Energy Services Inc. released its second quarter 2025 financial results, showing a 6% decrease in revenue compared to Q2 2024. The corporation maintained operational excellence and improved oilfield services operating margins. Strategic objectives for 2025 include a focus on safety, selective investments, cost management, and acquisitions. The corporation’s revenue for YTD-2025 decreased by 14%, with an increase in operating margin percentage. High Arctic remains focused on reducing expenses and managing equity investments.

In Q2 2025, High Arctic experienced a decrease in revenue due to softening demand, partially offset by new high-pressure stimulation work. Operating margin improved, leading to a higher Adjusted EBITDA compared to Q2 2024. The corporation reduced general and administrative expenses, resulting in lower net loss. For YTD-2025, revenue decreased due to deferrals in completions activity, but operating margin improved. High Arctic remains focused on executing its strategic objectives and navigating industry challenges.

Read more at GlobeNewswire: High Arctic Announces 2025 Second Quarter Results