Elevate Service Q2 Net Loss Widens

MT newswire2026/09/01 16:56

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12:56 PM EDT, 09/01/2026 (MT Newswires) -- Elevate Service Group (SERV.V) reported a second-quarter net loss of C$1.0 million, compared with C$0.5 million a year earlier. The company reported a loss of C$0.03 per share, unchanged from the year-ago period. Total revenue was C$20.5 million in the three months ended June 30, 2026, compared with C$7.6 million in the prior quarter. The company did not generate revenue in the prior-year period according to its filing. Shares of the company were last seen up 9.5% at C$2.19 on the TSX Venture Exchange. Price: 2.19, Change: +0.19, Percent Change: +9.50

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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41