Oct 30, 2026 earnings call — Aviation leasing drives margin improvement
Adjusted EBITDA more than doubled sequentially to $5.8 million, as margin expanded to 27.2%.
Revenue $0.0B (est $0.1B) · EPS $0.01 (est $-0.20)
Key quotes
"In Aviation, we grew the fleet to 44 assets at quarter end, up from 38 at the end of June."
"Adjusted EBITDA more than doubled sequentially to $5.8 million, and our adjusted EBITDA margin expanded to 27.2% from 10% in the second quarter."
"This morning, we announced a senior secured term loan facility with Bank7, providing for commitments of up to $58 million, subject to the terms and conditions of the facility."
Analyst Q&A 1
Sand demand for '27 and basins
Q (John Daniel · Daniel Energy): He asked for thoughts on inquiries for '27 and the growth outlook. He also asked whether one basin (Bakken versus Marcellus) looks stronger.
A: They view '27 as encouraging and say they have several discussions on supply arrangements that help firm up production capacity. They expect the screener project to likely increase production capability by 10% to 15% for the same shift hours and help margins. Basin demand is split but largely on the CN, with firming demand out of the Montney into the Utica and Marcellus.
"We've got a number of discussions regarding supply arrangements for '27 that helps us firm up our production capacity." — Mark Layton (CFO)