Orbit Garant Drilling Reports Record Revenue for Fiscal 2027 First Quarter

Orbit Garant Drilling reported record fiscal 2027 first-quarter revenue of $60.1 million for the quarter ended September 30, 2026, supported by higher drilling activity and improved contract pricing. Rig utilization reached 72%, its highest level since fiscal 2012, amid strong demand in Canada and South America. The company posted a $0.9 million net loss, compared with a $0.3 million profit a year earlier, and said it is continuing its normal course issuer bid to repurchase common shares.