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 three months ended 31 March 2024, STEP Energy Services Ltd revenues increased 22% to C$320.1M. Net income increased from C$19.7M to C$41.4M. Revenues reflect Canadian Operations segment increase of 38% to C$241.1M, Canadian Operations segment increase of 38% to C$241.1M. Net income benefited from FV/Uls Adjust on Derivatives for Hedging increase from C$1.1M (expense) to C$2M (income). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $410.95M as of Mar 31, 2024 |
| Annual revenue (TTM): | $1,003M as of Mar 31, 2024 |
| EBITDA (TTM): | $190.73M as of Mar 31, 2024 |
| Net annual income (TTM): | $72.12M as of Mar 31, 2024 |
| Free cash flow (TTM): | $26.29M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $137.16M as of Mar 31, 2024 |
| Shares outstanding: | 71,726,016 as of May 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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