STEP Energy Services Ltd. (T:STEP)
Business Focus: Oil Related Services
Jan 06, 2025 06:50 pm ET
STEP Energy Services Announces Normal Course Issuer Bid
STEP Energy Services Ltd. (TSX:STEP) (“STEP”) has received approval from the Toronto Stock Exchange (“TSX”) to proceed with a normal course issuer bid (“NCIB”) for its common shares.
Dec 19, 2024 09:15 pm ET
STEP Energy Services Ltd. Announces Agreement to Mutually Terminate Arrangement
STEP Energy Services Ltd. ("STEP") (TSX: STEP) announces that effective December 19, 2024, STEP, 2659160 Alberta Ltd. and the limited partnerships comprising ARC Energy Fund 8 (a private equity fund advised by ARC Financial Corp.) have entered into a termination agreement that mutually terminates the arrangement agreement originally entered into on November 3, 2024 (the "Agreement"). The termination is without liability or cost to any party.
Dec 19, 2024 12:18 pm ET
STEP Energy Services Ltd. Announces That Special Meeting Will Commence at 5:00 P.M. (Mountain Time) Today
STEP Energy Services Ltd. ("STEP" or the "Company") today announced that it has postponed the start of its special meeting (the "Meeting") of shareholders that was scheduled to commence at 10:00 a.m. (Mountain time) to 5:00 p.m. (Mountain Time) today (December 19, 2024). While a number of shareholders have switched or withdrawn their votes, based on current tabulations, the previously announced Arrangement would be defeated.
Dec 16, 2024 06:00 am ET
STEP Energy Services Ltd. Announces Both Leading Independent Proxy Advisors Recommend STEP Shareholders Vote for the Arrangement With ARC
STEP Energy Services Ltd. ("STEP" or the "Company") is pleased to announce that both leading independent proxy advisors, Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis"), have issued recommendations that shareholders of STEP ("STEP Shareholders") vote FOR the previously announced plan of arrangement (the "Arrangement") with 2659160 Alberta Ltd. (the "Purchaser") and the limited partnerships comprising ARC Energy Fund 8 (a private equity fund advised by ARC Financial Corp.) (collectively, "ARC"). Under
Dec 11, 2024 09:23 pm ET
STEP Energy Services Ltd. Announces 2025 Capital Budget and Provides Fourth Quarter Update and First Quarter Outlook and Impact of Canada Post Service Disruption on Take Private Transaction
STEP Energy Services Ltd. (“STEP” or the “Company”) (TSX: STEP) is announcing its 2025 capital budget and is providing an operational and financial update.
Nov 15, 2024 06:24 pm ET
STEP Energy Services Ltd. Announces Commencement of Delivery and Filing of Circular for Special Meeting of Shareholders to Approve Arrangement
STEP Energy Services Ltd. ("STEP" or the "Company") is pleased to announce the commencement of delivery of its management information circular (the "Circular") and related documents for the special meeting of STEP shareholders (the "Meeting") in connection with the previously announced plan of arrangement (the "Arrangement") under section 193 of the Business Corporations Act (Alberta) involving the Company and 2659160 Alberta Ltd. (the "Purchaser"), a newly-formed entity that is wholly-owned by the limited partnerships comprising ARC Energy Fund
Nov 13, 2024 09:30 pm ET
Step Energy Services Ltd. Reports Third Quarter 2024 Results
STEP Energy Services Ltd. (the “Company” or “STEP”) (TSX: STEP) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2024. The following press release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and the unaudited condensed consolidated financial interim statements and notes thereto as at September 30, 2024 (the “Financial Statements”). Readers should also refer to the “Forward-looking information & statements” legal advisory and the section regarding “Non-IFRS Measures and Ratios” at the end of thi
Nov 04, 2024 06:00 am ET
STEP Energy Services Ltd. Agrees to $5.00 Per Share Take Private Transaction With Funds Advised by ARC Financial Corp.
STEP Energy Services Ltd. (“STEP” or the “Company”) (TSX: STEP) is pleased to announce that it has entered into a definitive arrangement agreement (the “Arrangement Agreement”) with 2659160 Alberta Ltd. and the limited partnerships comprising ARC Energy Fund 8 (a private equity fund advised by ARC Financial Corp.) (collectively, “ARC”) to take the Company private in an all-cash transaction.
Oct 17, 2024 01:05 pm ET
STEP Energy Services Ltd. to Announce Third Quarter 2024 Results and Host Conference Call
STEP Energy Services Ltd. (“STEP”) (TSX: STEP) intends to release its 2024 third quarter results on Wednesday, November 13, 2024 after markets close.
Sep 27, 2024 06:28 pm ET
STEP Energy Services Ltd. Amends and Extends Credit Facility
STEP Energy Services Ltd. (“STEP”) (TSX: STEP) is pleased to announce an update on its credit agreement.
Aug 06, 2024 04:05 pm ET
STEP Energy Services Ltd. Reports Second Quarter 2024 Results
STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2024. The following press release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and the unaudited condensed consolidated financial interim statements and notes thereto as at June 30, 2024 (the “Financial Statements”). Readers should also refer to the “Forward-looking information & statements” legal advisory and the section regarding “Non-IFRS Measures and Ratios” at the end of this press release. All fi
Jun 07, 2024 05:43 pm ET
STEP Energy Services Ltd. Announces Annual General Meeting Voting Results
STEP Energy Services Ltd. (“STEP”) is pleased to announce that at its 2024 annual general meeting of shareholders held on June 6, 2024, each of the following seven nominees were elected as directors of STEP on a vote passed by ballot to serve until the next annual meeting of shareholders of STEP, or until their successors are elected or earlier appointed. Proxies were received on this matter as follows:
Apr 09, 2024 05:51 pm ET
STEP Energy Services Ltd. to Announce First Quarter 2024 Results and Host Conference Call
STEP Energy Services Ltd. (“STEP”) intends to release its 2024 first quarter results on Wednesday, May 8, 2024 after markets close.
Mar 11, 2024 07:59 pm ET
STEP Energy Services Ltd. Reports Fourth Quarter and Year End 2023 Results
STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three months and twelve months ended December 31, 2023. The following press release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and audited consolidated financial statements and notes thereto as at December 31, 2023 (the “Financial Statements”). Readers should also refer to the “Forward-looking information & statements” legal advisory and the section regarding “Non-IFRS Measures and Ratios” at the end of this press release. All financia
Jan 26, 2024 04:48 pm ET
STEP Energy Services Ltd. to Announce Fourth Quarter and Year End 2023 Results and Host Conference Call
STEP Energy Services Ltd. (“STEP”) intends to release its 2023 fourth quarter results on Monday, March 11, 2024 after markets close.
Dec 14, 2023 08:47 pm ET
STEP Energy Services Announces Normal Course Issuer Bid
STEP Energy Services Ltd. (TSX:STEP) (STEP) has received approval from the Toronto Stock Exchange (TSX) to proceed with a normal course issuer bid (NCIB) for its common shares. Under the NCIB, STEP may repurchase up to 3,611,653 common shares,...
Dec 13, 2023 07:59 pm ET
STEP Energy Services Announces Full 2024 Capital Budget and Provides Fourth Quarter Operational Update and First Quarter Outlook
STEP Energy Services Ltd. (TSX:STEP) (STEP) is reporting continued improvement in its balance sheet, an update on its 2024 capital budget, and is providing an operational update. Balance Sheet and 2024 Capital Budget We are...
Nov 01, 2023 08:33 pm ET
STEP Energy Services Ltd. Announces Appointment of New Independent Director Edward Lafehr and Retirement of Jason Skehar
STEP Energy Services Ltd. (“STEP”) is pleased to announce the appointment of Mr. Edward LaFehr as an independent director of STEP’s board of directors, effective November 1, 2023. Mr. LaFehr has 40 years of experience in the energy industry...
Nov 01, 2023 06:49 pm ET
STEP Energy Services Ltd. Reports Third Quarter 2023 Results
STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2023. The following press release should be read in conjunction with the management’s...
Oct 04, 2023 11:18 am ET
STEP Energy Services Ltd. to Announce Third Quarter 2023 Results and Host Conference Call
STEP Energy Services Ltd. (“STEP”) intends to release its 2023 third quarter results on Wednesday, November 1, 2023 after markets close. Financial Statements and Management's Discussion and Analysis will be posted to STEP’s website and SEDAR...
Sep 05, 2023 07:01 pm ET
STEP Energy Services Ltd. Announces Appointment of New Independent Director Rachel Moore and Retirement of Donna Garbutt
STEP Energy Services Ltd. (“STEP”) is pleased to announce the appointment of Ms. Rachel Moore as an independent director of STEP’s board of directors, effective October 1, 2023. Ms. Moore is currently serving as the executive vice president,...
Aug 02, 2023 06:18 pm ET
STEP Energy Services Ltd. Reports Second Quarter 2023 Results
STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three months ended June 30, 2023. The following press release should be read in conjunction with the management’s discussion and...
Jul 12, 2023 01:53 pm ET
STEP Energy Services Ltd. to Announce Second Quarter 2023 Results and Host Conference Call
STEP Energy Services Ltd. (“STEP”) intends to release its 2023 second quarter results on Wednesday, August 2, 2023 after markets close. Financial Statements and Management's Discussion and Analysis will be posted to STEP’s website and SEDAR after...
Jun 23, 2023 08:22 am ET
STEP Energy Services Ltd. Announces Annual General and Special Meeting Voting Results
STEP Energy Services Ltd. (“STEP”) is pleased to announce that at its 2023 annual general and special meeting of shareholders held on June 22, 2023, each of the following seven nominees were elected as directors of STEP on a vote passed by ballot...
May 10, 2023 06:09 pm ET
STEP Energy Services Ltd. Reports First Quarter 2023 Results
STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three months ended March 31, 2023. The following press release should be read in conjunction with the management’s discussion and...
Apr 14, 2023 02:22 pm ET
STEP Energy Services Ltd. to Announce First Quarter 2023 Results and Host Conference Call
STEP Energy Services Ltd. (“STEP”) intends to release its 2023 first quarter results on Wednesday, May 10, 2023 after markets close. Financial Statements and Management's Discussion and Analysis will be posted to STEP’s website and SEDAR after the...
Apr 10, 2023 08:35 pm ET
STEP Energy Services Announces First Quarter Operational and Financial Update
STEP Energy Services Ltd. (the “Company” or “STEP”) is providing a first quarter 2023 operational and financial update as well as reporting continued improvement in its balance sheet. Operational Update Canada STEP’s Canadian...
Mar 01, 2023 08:49 pm ET
STEP Energy Services Ltd. Reports Fourth Quarter and Year End 2022 Results
STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2022. The following press release should be read in conjunction with the management’s...
Feb 01, 2023 05:06 pm ET
STEP Energy Services Ltd. to Announce Fourth Quarter and Year End 2022 Results and Host Conference Call
STEP Energy Services Ltd. (“STEP”) intends to release its 2022 fourth quarter results on Wednesday, March 1, 2023 after markets close. Financial Statements and Management's Discussion and Analysis will be posted to STEP’s website and SEDAR after...
Jan 09, 2023 06:00 am ET
STEP Energy Services Announces Capital Spending and Balance Sheet Update as Well as Commentary on Fourth Quarter 2022 Activity and a Strong First Quarter 2023 Outlook
STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to provide an update on its approved 2023 capital spending plan against a backdrop of continued progress on debt reduction. STEP also announces an update to fourth quarter 2022 activity...
Nov 02, 2022 07:15 pm ET
STEP Energy Services Ltd. Reports Third Quarter 2022 Results
STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2022. The following press release should be read in conjunction with the management’s...
Oct 17, 2022 08:00 am ET
STEP Energy Services Ltd. to Announce Third Quarter 2022 Results and Conference Call
STEP Energy Services Ltd. (“STEP”) intends to release its 2022 third quarter results on Wednesday, November 2, 2022 after markets close. Financial Statements and Management's Discussion and Analysis will be posted to STEP’s website and SEDAR after...
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