• Akita Drilling swung to a third-quarter 2026 net loss of $2.82 million from a year-earlier profit of $1.55 million.
• Revenue climbed 55% year-over-year to $69.18 million, supported by higher US drilling activity and contributions from acquired Fox Drilling assets.
• Operating cash flow turned negative, with $296,000 used during the quarter, reflecting lower earnings and increased working capital.
• US operating days rose 54% year-over-year to 896, while active rigs totaled 12 at quarter-end.
• The acquired Fox rigs contributed 40% of Canadian division revenue during their first full quarter, helping offset delayed reactivations within the existing fleet.

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. Akita Drilling Ltd. published the original content used to generate this news brief via CNW (Ref. ID: 202611051630CANADANWCANADAPR_C8563) on November 05, 2026, and is solely responsible for the information contained therein.