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STEP Energy Services (TSE:STEP)
TSX:STEP
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.32Last Year’s EPS
0.55Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -5.16%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed picture. While there are significant achievements in Canadian operations, technology advancements, and debt reduction, these are counterbalanced by revenue declines, operational shutdowns in the U.S., and pricing pressures. The sentiment leans towards a cautious outlook with optimism in certain areas, but significant challenges remain.Company Guidance
In the fourth quarter of fiscal year 2024, STEP Energy Services reported consolidated revenue of $147 million, a decrease from $256 million in Q3. The adjusted EBITDA for Q4 was $4 million, representing a 3% margin, down from $44 million or a 17% margin in the previous quarter. This decline was attributed to clients curtailing their capital spend due to depressed commodity prices in 2024, leading to a net loss of $45 million or $0.23 per share for the quarter, compared to a net loss of $5.5 million or $0.08 per share in Q3. For the full year, the company achieved consolidated revenue of $955 million, up from $946 million in 2023, with adjusted EBITDA of $169 million or an 18% margin, slightly up from $164 million or a 17% margin in the prior year. The Canadian segment reported Q4 revenue of $110 million with an adjusted EBITDA of $11 million or 10%, while the U.S. region had Q4 revenues of $37 million and an adjusted EBITDA loss of $3 million. The company also reported a full-year net income of $2 million or $0.02 per diluted share, down from $50 million or $0.67 per diluted share in 2023, and ended the quarter with a net debt of $53 million, down from $88 million at the end of 2023.Record Canadian Revenue
Full year revenue for 2024 in the Canadian geographic region was $723 million, significantly up from $580 million in 2023, marking it as a record year.
Debt Reduction Achievement
STEP ended the quarter with net debt of $53 million, down from $88 million at the end of 2023, and significantly reduced from $142 million at the end of 2022.
Successful Technology Initiatives
STEP acquired proprietary technology behind the STEP-conneCT tool, enhancing real-time decision-making during operations, and expanded its ultra-deep coiled tubing capabilities with Coil+ technology.
Operational Efficiency in Canada
STEP's North American pressure pumping business pumped a record 2.3 million tons of proppant, an 8% increase from 2023, with a 64% year-over-year increase in Canada alone.
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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
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TSE:STEP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| May 08, 2024 | C$3.99 | C$4.26 | +6.77% |
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.
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FAQ
When does STEP Energy Services (TSE:STEP) report earnings?
STEP Energy Services (TSE:STEP) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is STEP Energy Services (TSE:STEP) earnings time?
STEP Energy Services (TSE:STEP) earnings time is at May 14, 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 (Q1) is 0.32.
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