Markets.News
Stampede Drilling Inc. reported its financial and operational results for the second quarter of 2025, with revenue at $6,009 (a 39% decrease from 2024), a gross margin of 16% (down from 30% in 2024), and a net loss of $2,996. Adjusted EBITDA was ($609), free cash flow at ($2,301), and the company repurchased and canceled 3,125 common shares. Despite volatile commodity pricing and geopolitical challenges affecting energy supply, Stampede had 14 out of 17 rigs operational in early 2025. The company extended the term of its Credit Agreement to September 2028. Financially, revenue for the quarter was down 39% from 2024, while net loss increased by 33%. Adjusted EBITDA was down 165%, and free cash flow decreased by 174%. Stampede operates in Western Canada with headquarters in Calgary. On July 21, 2025, the company extended its credit agreement with major banks, aiming for continued growth and returns to shareholders.