Record Second Quarter Results
Total Energy's financial results for the three months ended June 30, 2025, were record-breaking for the second quarter, with consolidated revenue increasing by 17% and EBITDA by 21% year-over-year.
Strong Australian Market Performance
A 30% increase in Australian operating days significantly contributed to the improved performance, with a 9% year-over-year increase in segment revenue driven by rig upgrades in Australia and Canada.
Compression and Process Services Growth
The CPS segment contributed 53% of the second quarter consolidated revenue, with a 22% increase in total CPS segment revenue compared to 2024.
Improved Well Servicing Segment
An 8% increase in revenue per service hour combined with a 52% increase in operating hours resulted in a 64% year-over-year increase in the second quarter segment revenue.
Solid Financial Position
At June 30, 2025, Total Energy had $108.7 million of positive working capital, including $34.2 million of cash, and a senior bank debt to bank EBITDA ratio of 0.2x.