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: | https://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 nine months ended 30 September 2020, CESEnergy Solutions Corp revenues decreased 30% to C$675.2M.Net loss totaled C$263.4M vs. income of C$18.2M. Revenuesreflect United States segment decrease of 33% to C$463.6M,Canada segment decrease of 22% to C$211.6M. Net lossreflects Financial derivative loss (gain) increase fromC$17K to C$240K (expense), Depreciation in SGA increase of3% to C$6.5M (expense). |
| Employees: | 1,993 as of Dec 31, 2019 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $990.79M as of Sep 30, 2020 |
| EBITDA (TTM): | $90.48M as of Sep 30, 2020 |
| Net annual income (TTM): | -$251.45M as of Sep 30, 2020 |
| Free cash flow (TTM): | $142.12M as of Sep 30, 2020 |
| Net Debt Last Fiscal Year: | $292.12M as of Sep 30, 2020 |
| Shares outstanding: | 258,204,960 as of Feb 19, 2021 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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