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Total Energy Services Inc. (T:TOT)

Business Focus: Oil Related Services and Equipment

Sector:  Energy Industry:  Oil Related Services and Equipment
See Regulatory Filings on SEDAR
Company Contact
Address: 311 6 Ave SW Suite 800
Tel: N/A
IR: See website
Key People
Bruce L. Pachkowski
Independent Chairman of the Board
Daniel K. Halyk
President, Chief Executive Officer, Director
Yulia Gorbach
Vice President - Finance, Chief Financial Officer
Bradley J. Macson
Vice President - Operations
Cam Danyluk
Vice President - Legal, General Counsel and Corporate Secretary
W. Gerry Crawford
Vice President - Field Services
William Kosich
Vice President - Drilling Services
Ashley Ting
Corporate Controller
Business Overview
Total Energy Services Inc is a Canada-based energy services company. The Company through operating divisions, wholly-owned subsidiaries and limited partnerships is involved in three business areas: contract drilling services (Chinook Drilling), rentals and transportation services (Total Oilfield Rentals); and the fabrication, sale, rental and servicing of new and used equipment for both oil and gas processing (Spectrum Process Systems) and gas compression (Bidell Gas Compression). The Company maintains an inventory of top drives, drill pipe and spare components to support its operations. The Company provides a platform for building long-term shareholder value, delivering investment returns while maintaining growth through a disciplined acquisition strategy and strategic internal growth.
Financial Overview
For the six months ended 30 June 2020, Total Energy Services Inc revenues decreased 53% to C$205M. Net loss totaled C$24.1M vs. income of C$8.2M. Revenues reflect compression and process Services segment decrease of 72% to C$71M, Contract Drilling Services segment decrease of 28% to C$57.2M, Rentals and Transportation Services segment decrease of 37% to C$21.6M, United States segment decrease of 75% to C$46M, Canada segment decrease of 43% to C$94.2M.
Employees: 1,976 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $374.00M as of Jun 30, 2020
Annual revenue (TTM): $527.75M as of Jun 30, 2020
EBITDA (TTM): $102.41M as of Jun 30, 2020
Net annual income (TTM): -$21.73M as of Jun 30, 2020
Free cash flow (TTM): $25.66M as of Jun 30, 2020
Net Debt Last Fiscal Year: $245.89M as of Jun 30, 2020
Shares outstanding: 45,081,000 as of Jun 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization