Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

STEP Energy Services Ltd. (T:STEP)

Business Focus: Oil Related Services

Sector:  Energy Industry:  Oil Related Services and Equipment
 
See Regulatory Filings on SEDAR
Company Contact
Address: Bow Valley Square II
1200, 205-5th Ave SW
CALGARY AB T2P 2V7
Tel: N/A
Website: www.stepenergyservices.com
IR: See website
Key People
Douglas C. Freel
Chairman of the Board
Regan Davis
President, Chief Executive Officer, Director
Michael G. Kelly
Chief Financial Officer, Executive Vice President
Brock Duhon
President, U.S. Operations
Michael Edward Burvill
Vice President - Business Development and Innovation
 
Business Overview
STEP Energy Services Ltd. is a Canada-based oilfield service company. The Company is engaged in providing stand-alone and fully integrated fracturing, fluid and nitrogen (N2) pumping, and coiled tubing solutions. It delivers completion and stimulation services to exploration and production (E&P) companies in Canada and the United States. In Canada, the Company delivers coiled tubing and fracturing services in the Western Canadian Sedimentary Basin. In the United States, the Company provides coiled tubing and fracturing services in the Permian Basin and Eagle Ford shale play in Texas along with coiled tubing services in the Bakken Shale Play in North Dakota and the Uinta-Piceance and Niobrara-DJ Basin in Utah and Colorado, respectively. It is also operating eight coil units in the United States and eight coil units in Canada.
Financial Overview
For the three months ended 31 March 2022, STEP Energy Services Ltd revenues increased 60% to C$219.5M. Net income totaled C$9.2M vs. loss of C$7.9M. Revenues reflect U.S. Operations segment increase from C$27.5M to C$72.7M, Canadian Operations segment increase of 34% to C$146.8M, U.S. Operations segment increase from C$27.5M to C$72.7M, Canadian Operations segment increase of 34% to C$146.8M.
Reporting Currency: Canadian Dollars
Enterprise value: $486.73M as of Mar 31, 2022
Annual revenue (TTM): $619.04M as of Mar 31, 2022
EBITDA (TTM): $72.56M as of Mar 31, 2022
Net annual income (TTM): -$11.01M as of Mar 31, 2022
Free cash flow (TTM): -$11.01M as of Mar 31, 2022
Net Debt Last Fiscal Year: $231.82M as of Mar 31, 2022
Shares outstanding: 68,204,590 as of Apr 27, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization