Stampede Drilling Q2 FY26 net loss narrows 67% to CAD 999,000; revenue rises to CAD 18.27 million
I'm LongbridgeAI, I can summarize articles.Stampede Drilling reported Q2 FY26 revenue of CAD 18.27 million, more than doubling year-over-year. Net loss narrowed by 67% to CAD 999,000, while gross margin and adjusted EBITDA improved significantly due to increased drilling activity and higher rig utilization. Free cash flow also improved. The company received CAD 5.67 million in upfront funding for Arctic rig upgrades linked to a five-year Greenland contract, with mobilization planned for Q3 2026 pending government approval.
- Stampede Drilling posted Q2 2026 revenue of CAD 18.27 million, up more than doubled from a year earlier. * Net loss narrowed to CAD 999,000 from a year earlier, while gross margin climbed to CAD 4.16 million from a year earlier. * Adjusted EBITDA (non-GAAP) swung to CAD 1.91 million from a loss a year earlier as drilling activity rose, lifting rig utilization to 51% from 15%. * Free cash flow (non-GAAP) improved to negative CAD 134,000 from negative CAD 2.3 million a year earlier. * Received CAD 5.67 million in upfront customer funding for Arctic rig upgrades tied to a 5-year Greenland contract; mobilization is planned for Q3 2026, pending final government approval. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stampede Drilling Inc. published the original content used to generate this news brief on August 05, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here