CES Energy Solutions Corp. (T:CEU)
Business Focus: Oil Related Services and Equipment (NEC)
| Sector: Energy | Industry: Oil Related Services and Equipment |
| Company Contact | |
| Address: | 332 6th Avenue SW, Suite 1400 CALGARY AB T2P 0B2 |
| Tel: | N/A |
| Website: | https://www.cesenergysolutions.com |
| IR: | See website |
| Key People | ||
| Kenneth E. Zinger President, Chief Executive Officer, Director | Anthony Michael Aulicino Chief Financial Officer | Richard Lee Baxter President, US Drilling Fluids |
| Vernon James Disney President, US Production Chemicals | Michael Hallat President of Sialco Materials Limited | Matthew Stephen Bell Corporate Secretary |
| Business Overview |
| CES Energy Solutions Corp. is a Canada-based provider of consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. Its core businesses include drilling fluids and production and specialty chemicals. Its drilling fluids business operates throughout North America. Its production specialty chemicals business operates in the United States and in the Western Canadian Sedimentary Basin (WCSB), with an emphasis on servicing the oil and natural gas liquids resource plays. The Company provides environmental and drilling fluids waste disposal services to operators active in the WCSB through its Clear Environmental Solutions (Clear) division. It provides trucks and trailers specifically designed to transport drilling fluids to operators active in the WCSB through its Equal Transport (Equal) division. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, CES Energy Solutions Corp revenues increased 13% to C$2.16B. Net income increased 62% to C$154.6M. Revenues reflect United States segment increase of 15% to C$1.47B, Canada segment increase of 8% to C$696.5M. Net income benefited from Foreign exchange gain increase from C$10.4M (expense) to C$6M (income), Other (income) loss increase from C$664K (expense) to C$1.5M (income). |
| Employees: | 2,237 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $2,164M as of Dec 31, 2023 |
| EBITDA (TTM): | $298.91M as of Dec 31, 2023 |
| Net annual income (TTM): | $154.64M as of Dec 31, 2023 |
| Free cash flow (TTM): | $197.78M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $463.72M as of Dec 31, 2023 |
| Shares outstanding: | 235,041,791 as of Apr 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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