North American Energy Partners Inc. Announces Results for the Quarter Ended June 30, 2016 and Announces Share Purchase Program in Canada

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Go back to North American Energy Partners Inc. Announces Results for the Quarter Ended June 30, 2016 and Announces Share Purchase Program in Canada

North American Energy Partners (NOA) Misses Q2 EPS by 7c; Will Commence NCIB

August 2, 2016 4:41 PM EDT

North American Energy Partners (NYSE: NOA) reported Q2 EPS of ($0.16), $0.07 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $24.2 million versus the consensus estimate of $44.51 million.

Normal Course Issuer Bid in Canada

The company today announced that it intends to commence a normal course issuer bid ("NCIB") through the facilities of the Toronto Stock Exchange ("TSX"), to purchase up to 1,075,968 voting common shares in the capital of the Company. Under the NCIB, the Company has received the approval of the TSX to purchase these voting common shares which... More