STEP Energy Services (TSE:STEP) has released an update.
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STEP Energy Services has announced a 2025 capital budget of $78.9 million, focusing on optimizing and sustaining its operations, despite a decrease from the previous year’s budget. The company experienced challenges in the fourth quarter of 2024 due to high gas storage and low commodity prices, but anticipates robust activity in early 2025. Despite a tough market, STEP has made significant progress in reducing debt and achieving record financial results in its Canadian operations.
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