New West Energy Services Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue of CAD 2,622,753 compared with CAD 4,196,883 for the same period a year ago. Net loss before tax was CAD 1,213,097 compared to CAD 784,245 for the same period a year ago. LBITDAC was CAD 642,590 compared to EBITDAC of CAD 174,861 for the same period a year ago.

For the six months, the company reported revenue of CAD 10,530,892 compared with CAD 9,073,471 for the same period a year ago. This increase in the six-month period reflects much stronger revenue in the first quarter of 2018 compared to 2017, with the decrease in the three-month period being due primarily to a longer spring breakup and generally lower activity across all drilling, completions and production sectors. Net loss before tax was CAD 1,443,044 compared to CAD 1,359,650 for the same period a year ago. LBITDAC was CAD 204,780 compared to EBITDAC of CAD 536,192 for the same period a year ago.

The company has changed its financial year-end from April 30 to December 31 to better conform with other similar energy services companies in the industry and to line up the company's quarterly filings with more traditional quarters.