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Step Energy (TSE:STEP)
:STEP
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.09Last Year’s EPS
0.14Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 14, 2025
|% Change Since: -2.97%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. There was a significant revenue increase, improved EBITDA, and innovative advancements in natural gas operations, contributing to a positive outlook. However, challenges such as the termination of U.S. operations, increased net debt, and geopolitical tensions pose risks to future performance.Company Guidance
During the Q1 2025 conference call, STEP Energy Services provided detailed guidance on their financial and operational performance. The company reported consolidated revenues of CAD308 million for the quarter, an increase from CAD148 million in the prior quarter, with CAD14 million attributed to the terminated U.S. operations. Adjusted EBITDA was CAD59 million, representing a 19% margin, compared to CAD8 million or a 5% margin in the previous quarter. STEP achieved a net income of CAD24 million or CAD0.33 per diluted share, recovering from a loss of CAD45 million in the prior quarter. Free cash flow improved to CAD32 million, while net debt increased to CAD85 million due to working capital changes. The company continued to focus on key operational achievements, such as running 22 units in North American operations and deploying advanced technologies like the NGx pump, which showed promising results in reducing diesel usage. The outlook for 2025 considers potential impacts from geopolitical tensions, commodity price fluctuations, and Canadian government tariffs, with expectations for stable activity levels in upcoming quarters.Significant Revenue Increase
STEP's Q1 consolidated revenues increased to CAD308 million from the prior quarter revenue of CAD148 million, marking a significant improvement as client capital budgets reset.
Improved Adjusted EBITDA
Adjusted EBITDA for the first quarter was CAD59 million or a 19% margin, compared with CAD8 million or a 5% margin in the prior quarter.
Net Income Recovery
Net income for Q1 was CAD24 million or CAD0.33 per diluted share, compared to a loss of CAD45 million or negative CAD0.62 per diluted share in the prior quarter.
Strong Operational Achievements
STEP's North American operations posted excellent results, running 22 units throughout the quarter with significant milestones in coiled-tubing and fracturing operations.
Innovation in Natural Gas Operations
STEP introduced Canada's first 100% natural gas reciprocating engine, the NGx, achieving diesel displacement rates of up to 90% during initial field trials.
TSE:STEP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:STEP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2025 | C$4.04 | C$3.97 | -1.73% |
Mar 12, 2025 | C$4.07 | C$4.05 | -0.49% |
Nov 14, 2024 | C$5.03 | C$5.04 | +0.20% |
Aug 06, 2024 | C$4.15 | C$4.19 | +0.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Step Energy (TSE:STEP) report earnings?
Step Energy (TSE:STEP) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Step Energy (TSE:STEP) earnings time?
Step Energy (TSE:STEP) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:STEP EPS forecast?
TSE:STEP EPS forecast for the fiscal quarter 2025 (Q2) is 0.09.