CES Energy Solutions Corp ( (CESDF) ) has released its Q4 earnings. Here is a breakdown of the information CES Energy Solutions Corp presented to its investors.
CES Energy Solutions Corp. is a leading provider of advanced consumable chemical solutions for the oilfield industry, operating in major basins across the United States and Canada, with a focus on enhancing drilling and production performance through innovative chemical technologies.
CES Energy Solutions Corp. has reported a strong financial performance for the fourth quarter and full year 2024, highlighted by record adjusted EBITDAC and a significant increase in its quarterly dividend. The company has demonstrated resilience and profitability through its asset-light, vertically integrated business model, which has supported its growth and market positioning.
The company achieved a 9% year-over-year increase in fourth-quarter revenue, totaling $605.4 million, and a record annual revenue of $2.4 billion. CES also reported a record quarterly adjusted EBITDAC of $103.2 million, marking a 22% increase from the previous year. The annual adjusted EBITDAC rose by 28% to $403.2 million, reflecting improved margins and effective cost management. Additionally, CES returned $128.4 million to shareholders through dividends and share repurchases.
CES’s financial stability is further underscored by its conservative leverage ratio and strong cash flow generation. The company reported a working capital surplus of $681.1 million and a reduction in total debt, enhancing its capital structure and liquidity position. CES’s strategic focus on high service intensity and innovative product offerings has allowed it to maintain a strong market share in both the US and Canadian markets.
Looking ahead, CES remains optimistic about its growth prospects, supported by stable upstream activity and favorable commodity pricing. The company plans to continue leveraging its established infrastructure and advanced chemical solutions to capitalize on opportunities in the North American market, while maintaining a disciplined approach to capital expenditures and shareholder returns.