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: | 900-715 5 Ave SW CALGARY AB T2P 2X6 |
| 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 | Jason D. Waugh President, Canadian Production Chemicals |
| Kenneth E. Zinger Chief Operating Officer and President, Canadian Drilling Fluids | Kenneth D. Zandee Vice President - Sales and Marketing | 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 nine months ended 30 September 2019, CES Energy Solutions Corp revenues increased 4% to C$961.7M. Net income decreased 44% to C$18.2M. Revenues reflect United States segment increase of 13% to C$689M. Net income was offset by Interest on debt, net of interest income increase of 11% to C$20.6M (expense), Amortization of deferred financing costs increase of 6% to C$1M (expense). Dividend per share increased from C$0.03 to C$0.05. |
| Employees: | 2,003 as of Dec 31, 2018 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $1,310M as of Sep 30, 2019 |
| EBITDA (TTM): | $151.92M as of Sep 30, 2019 |
| Net annual income (TTM): | $33.66M as of Sep 30, 2019 |
| Free cash flow (TTM): | $96.72M as of Sep 30, 2019 |
| Net Debt Last Fiscal Year: | $417.80M as of Sep 30, 2019 |
| Shares outstanding: | 263,956,291 as of Jan 22, 2020 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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