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CALGARY — Analysts say Canadian oilfield services companies with operations in the U.S. are now earning more of their revenue south of the border than they have for at least six years.

In a report, AltaCorp Capital says that trend is expected to continue as ongoing oil and gas spending weakness in Canada is balanced against steady activity in the United States.

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The analysts say that 12 of the largest Canadian energy services companies with U.S. operations earned 54 per cent of their revenue in the U.S. in 2018, the first time the percentage climbed above half since at least 2013, when it was just over 40 per cent.