Education
About Us
Working with TipRanks
Follow Us
Total Engy Serv Inc. (TSE:TOT)
TSX:TOT
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.46Last Year’s EPS
0.38Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: 3.38%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a record year for Total Energy with strong cash flow and strategic investments in Australia. However, challenges in the U.S. market and operational issues in Australia contributed to decreased margins and revenue in certain segments. The company's strong financial position and dividend increase indicate confidence in future performance, despite current challenges.Company Guidance
In the fourth quarter of 2024, Total Energy Services reported a 15% increase in consolidated revenue compared to Q4 2023, driven by the acquisition of Saxon, despite lower U.S. drilling activity. EBITDA was $4.7 million lower than the previous year due to decreased U.S. activity and foreign exchange impacts. Revenue distribution was 48% from Canada, 33% from the U.S., and 19% from Australia. By segment, CPS contributed 47% to the consolidated revenue, followed by Contract Drilling Services at 34%. The gross margin decreased to 23% from 27% in 2023, primarily due to lower margins in the CPS and Well Servicing segments. Total Energy's financial position remained strong, with $78.7 million in working capital and a senior debt-to-EBITDA ratio of 0.25 times. The company plans a capital budget of $61.9 million for 2025, focusing on equipment upgrades and maintenance. Despite market uncertainties, strong demand in the CPS segment and favorable conditions in the Australian LNG market provide a positive outlook for the company.Record Year for Total Energy
2024 was a record year for Total Energy, with significant free cash flow generation used to reduce bank debt by $25.5 million and return $7.1 million to shareholders through dividends and share buybacks.
Strong Financial Position
As of December 31, 2024, Total Energy had $78.7 million of positive working capital, including $38.4 million of cash, and a senior bank debt-to-EBITDA ratio of 0.25 times.
Australian Market Expansion
Fourth quarter operating days in Australia increased by 110% following the acquisition of Saxon, leading to a 173% year-over-year revenue increase in the region.
Dividend Increase
The Board of Directors approved an 11% increase to the dividend, reflecting confidence in future cash flows and financial stability.
---
TSE:TOT 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:TOT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | C$9.18 | C$9.20 | +0.22% |
| Nov 07, 2024 | C$10.50 | C$10.46 | -0.38% |
| Aug 08, 2024 | C$8.91 | C$9.04 | +1.46% |
| May 09, 2024 | C$9.29 | C$9.47 | +1.94% |
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 Total Engy Serv Inc. (TSE:TOT) report earnings?
Total Engy Serv Inc. (TSE:TOT) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Total Engy Serv Inc. (TSE:TOT) earnings time?
Total Engy Serv Inc. (TSE:TOT) earnings time is at May 08, 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:TOT EPS forecast?
TSE:TOT EPS forecast for the fiscal quarter 2025 (Q1) is 0.46.
---