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 nine months ended 30 September 2023, STEP Energy Services Ltd revenues increased 2% to C$750.7M. Net income decreased 29% to C$55.7M. Revenues reflect Canadian Operations segment increase of 3% to C$468M, Canadian Operations segment increase of 3% to C$468M. Net income was offset by Impairment reversal of property and equi decrease from C$32.7M (income) to C$0K, Employee costs increase from C$5.7M to C$20.3M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $429.68M as of Sep 30, 2023 |
| Annual revenue (TTM): | $1,002M as of Sep 30, 2023 |
| EBITDA (TTM): | $189.06M as of Sep 30, 2023 |
| Net annual income (TTM): | $72.36M as of Sep 30, 2023 |
| Free cash flow (TTM): | $65.94M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $115.02M as of Sep 30, 2023 |
| Shares outstanding: | 72,233,064 as of Oct 23, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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