While the company showcased significant technological advancements and reduced its debt, there were notable declines in revenue and net income, alongside challenges from terminated operations and margin pressures. The outlook remains cautiously optimistic, with ongoing efforts to improve operational efficiency and capture market opportunities.

Company Guidance -

Q3 2025

During the Q2 2025 conference call, STEP Energy Services provided guidance for the rest of the year, emphasizing their strategic focus on operational excellence and innovation. Despite a decrease in consolidated revenues to $228 million from the previous quarter's $308 million, the company highlighted its resilience, maintaining high utilization levels and strong client relationships. Adjusted EBITDA for the quarter stood at $35 million with a 15% margin, while net income was $6 million or $0.08 per diluted share. The company ended the quarter with a net debt of $44 million, a significant reduction from $85 million in the prior quarter. Looking forward, STEP plans to leverage its innovative Coil Plus technology and the NGx pump to enhance operational efficiency and adapt to fluctuating market conditions. They anticipate a sequential increase in EBITDA for Q3, driven by higher margins on services where clients supply their own sand. The focus on reducing balance sheet leverage and cautious optimism for the remainder of 2025 were underscored, with an expectation of flat to down sequential revenues due to shifts in client sand supply.

Debt Reduction

Net debt decreased significantly to $44 million from approximately $85 million in the prior quarter, reflecting effective financial management.

Innovation in Technology

Introduction and positive client response to NGx, Canada's first 100% natural gas reciprocating engine designed for fully natural gas-powered fracturing operations.

Operational Efficiency

High utilization levels and strong client relationships maintained despite industry shifts, with continued growth in the adoption of new technology like Coil Plus for extended lateral mills.

Positive Market Positioning

STEP holds approximately a 30% market share in the Montney and is well-positioned to capture anticipated growth in the fracturing market in Canada.

STEP Energy Services (TSE:STEP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:STEP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.17 / -	-0.08	―	―	―
Aug 06, 2025	2025 (Q2)	0.08 / 0.08	0.14	-42.86% (-0.06)	―	―
May 14, 2025	2025 (Q1)	0.32 / 0.33	0.55	-40.00% (-0.22)	―	―
Mar 12, 2025	2024 (Q4)	-0.30 / -0.62	-0.07	-785.71% (-0.55)	―	―
Nov 14, 2024	2024 (Q3)	0.18 / -0.08	0.28	-128.57% (-0.36)	―	―
Aug 06, 2024	2024 (Q2)	0.13 / 0.14	0.21	-33.33% (-0.07)	―	―
May 08, 2024	2024 (Q1)	0.40 / 0.55	0.26	111.54% (+0.29)	―	―
Mar 12, 2024	2023 (Q4)	0.08 / -0.07	0.23	-130.43% (-0.30)	―	―
Nov 01, 2023	2023 (Q3)	0.29 / 0.28	0.43	-34.88% (-0.15)	―	―
Aug 02, 2023	2023 (Q2)	0.16 / 0.21	0.535	-60.75% (-0.33)	―	―

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
Aug 06, 2025	C$4.38	C$4.30	-1.83%
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%

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 Services (TSE:STEP) report earnings?

STEP Energy Services (TSE:STEP) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is STEP Energy Services (TSE:STEP) earnings time?

STEP Energy Services (TSE:STEP) earnings time is at Oct 29, 2025, Before Open (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 (Q3) is 0.18.

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