Royal Helium Ltd. (TSE:RHC) has released an update.
Total Energy Services Inc. reported a decrease in revenue, operating income, net income, and cash flow in Q1 2024 compared to the prior year, despite seeing a slight improvement in industry conditions in Canada and Australia. The financial dip was partly due to adverse weather in Australia and significant payments following a reassessment of Canadian income tax filings. The results also included contributions from the newly acquired Saxon Energy Services Australia Pty Ltd.
For further insights into TSE:RHC stock, check out TipRanks’ Stock Analysis page.
