Canada-based energy transportation company Mullen Group Ltd. (MTL.TO) Wednesday reported first-quarter net income of C$44 million or C$0.50 per share, compared to C$59 million or C$0.73 per share last year.
Results for the recent quarter included a C$9.6 million negative variance in unrealized foreign exchange.
Excluding items, adjusted earnings for the quarter were C$45 million or C$0.52 per share, compared to C$54 million or C$0.67 per share a year ago.
Revenues for the quarter were C$386 million, down 9.5% from C$426 million a year ago, due mainly to a decline in the Oilfield Services segment.
Analysts polled by Thomson Reuters estimated earnings of C$0.50 per share on revenues of C$405.90 million for the quarter. Analysts' estimates typically exclude special items.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.