High Arctic Energy Services Inc

Toronto Stock Exchange HWO.TO

High Arctic Energy Services Inc Free Cash Flow for the year ending December 31, 2023: USD 6.98 M

High Arctic Energy Services Inc Free Cash Flow is USD 6.98 M for the year ending December 31, 2023, a 149.81% change year over year. Free cash flow is the amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
  • High Arctic Energy Services Inc Free Cash Flow for the year ending December 31, 2022 was USD 2.80 M, a 139.12% change year over year.
  • High Arctic Energy Services Inc Free Cash Flow for the year ending December 31, 2021 was USD -7.15 M, a -161.53% change year over year.
  • High Arctic Energy Services Inc Free Cash Flow for the year ending December 31, 2020 was USD 11.62 M, a 439.15% change year over year.
  • High Arctic Energy Services Inc Free Cash Flow for the year ending December 31, 2019 was USD 2.15 M, a -90.90% change year over year.
Key data
Date Free Cash Flow Operating Cash Flow Net Cash Used For Investing Activities Net Cash Used Provided By Financing Activities
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Toronto Stock Exchange: HWO.TO

High Arctic Energy Services Inc

CEO Mr. Michael Joseph Maguire
IPO Date Oct. 25, 2007
Location Canada
Headquarters 330 – 5th Avenue SW
Employees 202
Sector Energy
Industries
Description

High Arctic Energy Services Inc., an oilfield services company, provides oilfield services to exploration and production companies in Canada and Papua New Guinea. The company operates through three segments: Drilling Services, Production Services, and Ancillary Services. It offers snubbing services, including foothills standalone snubbing system for completions and workovers; hydraulic workover units, such as a patented L-Frame equipment configuration; rig assist snubbing unit, a truck-mounted hydraulic system to manage underbalanced wellbore conditions; and power tower to install a snubbing unit and blowout preventers in one lift. The company also rents oilfield equipment comprising accumulators, blowout preventers, casing cutters and scrappers, hydraulic catwalks, rig shacks, chokes, boilers, boiler blowdown tanks, generators, light towers, cross over and rotary subs, elevators, EUE collars, fire suppression kits, fuel tank skids, hot tap kits, mud cans, pickers, pipe racks, power swivels, pumps, slips, spools, flanges, thread washers, tongs, trailers and accommodations, tubing, gate, plug, hydraulic/air actuated, and safety valves; and kelly cocks for drilling, completions, workover, and abandonment of oil and gas operations. In addition, it provides nitrogen pumping units; and well servicing. Further, the company owns and operates two heli-portable drilling rigs in Papua New Guinea; and offers support equipment, such as rig matting, crawler cranes, water pumps, forklifts/wheel loaders, telehandlers, lighting towers, camps, trucks, wash-down packages, vehicles, and drill pipes and BHA. High Arctic Energy Services Inc. was founded in 1993 and is headquartered in Calgary, Canada.

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StockViz Staff

January 15, 2025

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