Divergent Energy Services Corp. (V:DVG)
Business Focus: Oil Related Services and Equipment (NEC)
| Sector: Energy | Industry: Oil Related Services and Equipment |
| Company Contact | |
| Address: | 2020, 715-5 Avenue SW CALGARY AB T2P 2X6 |
| Tel: | N/A |
| Website: | https://www.divergentenergyservices.com |
| IR: | See website |
| Key People | ||
| Cameron Barton Executive Chairman of the Board | Ken Berg President, Chief Executive Officer, Director | Ken Olson Chief Financial Officer |
| Business Overview |
| Divergent Energy Services Corp. provides fluids management products and services for the water, gas, and oil industries, through its wholly owned subsidiary, Extreme Pump Solutions LLC. The Company is engaged in the business of providing artificial lift products and services to its clients in the oil and gas industry in the Northern Mountain States in Wyoming and Colorado, United States. Its artificial lift system consists of electric submersible pump (ESP) systems, which are designed for downhole conditions of temperature, pressure, abrasives, excessive gas, scale, and variable flow rates. The Company's electric submersible pump (ESP) systems are used in motors, seals, pumps, sand management, gas management, downhole sensors, variable speed drivers, and cables and motor leads. The Company's business operations in the United States provide submersible pumps, drives and electronic controls across Wyoming, Northern Colorado, and Southern Montana. |
| Financial Overview |
| For the nine months ended 30 September 2023, Divergent Energy Services Corp revenues decreased 28% to $6.8M. Net income decreased 99% to $12K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects foreign exchange gain (loss) decrease of 92% to $61K (income), Selling, general and administrative ex increase of 35% to $1.6M (expense). |
| Employees: | 22 as of Dec 31, 2005 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $4.21M as of Sep 30, 2023 |
| Annual revenue (TTM): | $13.56M as of Sep 30, 2023 |
| EBITDA (TTM): | $0.62M as of Sep 30, 2023 |
| Net annual income (TTM): | -$0.56M as of Sep 30, 2023 |
| Free cash flow (TTM): | $0.60M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $4.35M as of Sep 30, 2023 |
| Shares outstanding: | 37,161,640 as of Apr 18, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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