04:29 PM EDT, 03/12/2026 (MT Newswires) -- Stampede Drilling ( STPDF ) after trade on Thursday said its fourth-quarter profit and revenue rose year-over-year.

The company earned $4.5 million, or $0.02 per share, in the quarter ended Dec. 31, up from $687,000 a year ago. The company said "the increase was primarily due to the gain on sale from certain components of Stampede's A/C triple drilling rig, partially offset by an increase in deferred income tax expense".

Revenue rose to $21.3 million from $20.4 million in the year-ago quarter. The company said the increase was mainly due to higher activity levels and improved drilling rig utilization. FactSet expected revenue of $14 million.

"Stampede exited 2025 with stronger utilization, as operating days in the second half of 2025 were 56% higher than the first half, largely reflecting the timing of customer programs following post-spring breakup delays amid weakening commodity prices and tariff uncertainty," the company said, adding that it expects this momentum to continue in 2026.

The company's shares closed unchanged at $0.18 on the TSX Venture Exchange.