CES Energy Solutions Corp. (T:CEU)
Business Focus: Oil Related Services and Equipment
| Sector: Energy | Industry: Oil Related Services and Equipment |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 332 6th Avenue SW, Suite 1400 CALGARY AB T2P 0B2 |
| Tel: | 1-403-2692800 |
| Website: | www.cesenergysolutions.com |
| IR: | See website |
| Key People | ||
| Kyle D. Kitagawa Independent Chairman of the Board | Thomas J. Simons President, Chief Executive Officer, Non-Independent Director | Anthony Michael Aulicino Chief Financial Officer |
| Richard Lee Baxter President, US Drilling Fluids | Vernon James Disney President, US Production Chemicals | Kenneth E. Zinger Chief Operating Officer and President, Canadian Operations | James Murray Pasieka Corporate Secretary |
| Business Overview |
| CES Energy Solutions Corp, formerly Canadian Energy Services & Technology Corp, is a Canada-based provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. The Company offers total solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market. Its solutions include corrosion inhibitors, demulsifiers, hydrogen sulfide scavengers, paraffin control products, surfactants, scale inhibitors, biocides and other specialty products. It operates in the Western Canadian Sedimentary Basin and in several basins throughout the United States. In Canada, the Company operates under the trade names Canadian Energy Services, PureChem Services, Sialco Materials Ltd, Clear Environmental Solutions and EQUAL Transport. In the United States, the Company operates under the trade names AES Drilling Fluids, AES Frac Fluids, Superior Weighting Products and JACAM Chemicals. |
| Financial Overview |
| For the six months ended 30 June 2020, CES Energy Solutions Corp revenues decreased 21% to C$508.9M. Net loss totaled C$250.6M vs. income of C$10.6M. Revenues reflect United States segment decrease of 24% to C$349.8M, Canada segment decrease of 14% to C$159.2M. Net loss reflects Depreciation in SGA increase of 6% to C$4.4M (expense), Foreign exchange gain decrease from C$145K (income) to C$103K (expense). |
| Employees: | 1,993 as of Dec 31, 2019 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $1,140M as of Jun 30, 2020 |
| EBITDA (TTM): | $121.17M as of Jun 30, 2020 |
| Net annual income (TTM): | -$231.08M as of Jun 30, 2020 |
| Free cash flow (TTM): | $124.82M as of Jun 30, 2020 |
| Net Debt Last Fiscal Year: | $327.48M as of Jun 30, 2020 |
| Shares outstanding: | 264,883,808 as of Jul 10, 2020 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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