STEP Energy Services Ltd. (T:STEP)
Business Focus: Oil Related Services
| Sector: Energy | Industry: Oil Related Services and Equipment |
| 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 | ||
| Stephen Glanville President, Chief Executive Officer, Executive Director | Klaas Siert Deemter Chief Financial Officer | Rory Thompson Chief Operating Officer |
| Joshua Kane Vice-President - Legal, General Counsel | Michael Edward Burvill Vice President - Business Development and Innovation | |
| Business Overview |
| STEP Energy Services Ltd. is a Canada-based energy services company. The Company is engaged in providing coiled tubing, fluid and nitrogen pumping and hydraulic fracturing 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. The Company's Canadian services are focused on the Western Canadian Sedimentary Basin (WCSB), while in the United States, its fracturing and coiled tubing services are focused on the Permian and Eagle Ford in Texas, the Uinta-Piceance and Niobrara-DJ basins in Colorado and the Bakken in North Dakota. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, STEP Energy Services Ltd revenues decreased 4% to C$945.7M. Net income decreased 47% to C$50.4M. Revenues reflect U.S. Operations segment decrease of 13% to C$365.5M, U.S. Operations segment decrease of 13% to C$365.5M. Net income also reflects Impairment reversal of property and equi decrease from C$38.4M (income) to C$0K, General expenses increase of 28% to C$11.8M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $389.35M as of Dec 31, 2023 |
| Annual revenue (TTM): | $945.72M as of Dec 31, 2023 |
| EBITDA (TTM): | $162.49M as of Dec 31, 2023 |
| Net annual income (TTM): | $50.42M as of Dec 31, 2023 |
| Free cash flow (TTM): | $66.43M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $111.85M as of Dec 31, 2023 |
| Shares outstanding: | 71,807,114 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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