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STAMPEDE DRILLING INC. REPORTS 2026 <a href="https://bitcomme.com/akamai-reports-third-quarter-2026-financial-results/” title=”Akamai Reports Third Quarter 2026 Financial Results”>THIRD QUARTER RESULTS
CALGARY, AB, Nov. 5, 2026 /CNW/ — Stampede Drilling Inc. (“Stampede” or the “Corporation”) (TSXV: SDI) announces today its consolidated financial and operational results for the three and nine month periods ended September 30, 2026.
The following press release should be read in conjunction with the December 31, 2025 audited consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) applicable to the preparation of interim financial statements, under International Accounting Standard 34, Interim Financial Reporting (together, “IFRS Accounting Standards”), and the annual information form (“AIF”) for the year ended December 31, 2025, as well as the condensed consolidated interim financial statements (unaudited) and notes for the three and nine month periods ended September 30, 2026 and 2025 and management’s discussion and analysis thereon. Additional information regarding Stampede, including the AIF, is available on SEDAR+ at www.sedarplus.ca.
All amounts or dollar figures are denominated in thousands of Canadian dollars except for number of drilling rigs, operating days, or unless otherwise noted. All share amounts are presented to the nearest thousand.
Estimates and forward-looking information are based on assumptions of future events and actual results may vary from these estimates. See “Forward-Looking Information” in this press release for additional details.
THIRD QUARTER 2026 OPERATIONAL HIGHLIGHTS
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Revenue of $29,227 – an increase of $8,549 (41%) from $20,678 in the corresponding 2025 period, primarily driven by a significant increase in operating days and improved drilling rig utilization.
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Gross Margin(1)of $9,486 – an increase of $2,783 (42%) from $6,703 in the corresponding 2025 period, primarily driven by higher activity levels.
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Net Income of $2,592 – an increase of $1,766 (214%) from $826 in the corresponding 2025 period. The improvement was primarily due to higher gross margin resulting from increased revenue, partially offset by an increase in deferred income tax expense.
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Adjusted EBITDA(1)of $6,491– an increase of $2,292 (55%) from Adjusted EBITDA of $4,199 in the corresponding 2025 period, driven by increased revenue and gross margin, partially offset by higher general and administrative expenses.
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Drilling rig utilization of 77% – an increase of 51% from 51% in the corresponding 2025 period, and 35% above the CAOEC industry average of 57%.
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Free Cash Flow(1)of $3,796 – an increase of $1,675 (79%) from $2,121 in the corresponding 2025 period, primarily related to increased funds generated from operating activities as a result of higher revenue and gross margin.
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Capital Expenditures of $10,280– an increase of $5,299 (106%) from $4,981 in the corresponding 2025 period, primarily driven by higher investment in growth capital related to the Corporation’s drilling rig fleet, together with higher maintenance and sustaining capital expenditures. Total capital expenditures were comprised of $8,325 of growth capital and $1,955 of maintenance and sustaining capital.
