Stampede Drilling Inc. (V:SDI)
Business Focus: Oil & Gas Drilling (NEC)
| Sector: Energy | Industry: Oil & Gas Drilling |
| Company Contact | |
| Address: | 2600, 700 - 9th Ave SW, South Tower CALGARY AB T2P 3V4 |
| Tel: | N/A |
| Website: | https://stampededrilling.com |
| IR: | See website |
| Key People | ||
| Lyle C. Whitmarsh Chairman of the Board, President, Chief Executive Officer | Jeffrey R. Schab Chief Financial Officer, Corporate Secretary | Terry Kuiper Chief Operating Officer |
| Business Overview |
| Stampede Drilling Inc. is a Canada-based energy services company that provides contract drilling services in Western Canada. The Company offers oilfield services to the oil and natural gas industry in the Western Canadian Sedimentary Basin (WCSB). It operates a fleet of approximately 18 telescopic double drilling rigs and one high spec triple drilling rig suited for formations within the WCSB. The Company's subsidiaries include Stampede Drilling (U.S.) Inc. and 2391764 Alberta Ltd. Stampede Drilling (U.S.) Inc. is engaged in the provision of camp and company men accommodations, as well as contract land-based drilling services, and operates in the United States. 2391764 Alberta Ltd. specializes in the engineering, manufacturing and supply of fully integrated under balanced coil drilling rigs and corresponding support equipment for the oil and gas industry. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Stampede Drilling Inc revenues increased 29% to C$86M. Net income increased 28% to C$10.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was partially offset by Salaries and benefits increase of 30% to C$5.4M (expense), Interest on Term Loan increase from C$353K to C$994K (expense). |
| Employees: | 25 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $67.77M as of Dec 31, 2023 |
| Annual revenue (TTM): | $85.96M as of Dec 31, 2023 |
| EBITDA (TTM): | $19.47M as of Dec 31, 2023 |
| Net annual income (TTM): | $10.55M as of Dec 31, 2023 |
| Free cash flow (TTM): | $6.23M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $17.53M as of Dec 31, 2023 |
| Shares outstanding: | 213,959,095 as of Apr 22, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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