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Total Energy Services (TSE:TOT)
:TOT
Earnings Data
Report Date
Mar 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.38Last Year’s EPS
-0.19Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 7.81%
|Next Earnings Date:Mar 07, 2025
Earnings Call Sentiment|Positive
Total Energy Services reported strong overall performance, with record quarterly results driven by growth in the CPS segment and Australian operations. However, the company faced challenges in the U.S. market, including decreased drilling activity and equipment damage. Despite these hurdles, the company's strong financial position and strategic growth in the Asian LNG market contribute to a positive outlook.Company Guidance
During Total Energy's Q3 2024 earnings call, significant metrics highlighted the company's strong financial performance and strategic initiatives. Total Energy reported a 4% increase in consolidated revenue compared to Q3 2023, driven by stable industry conditions in Canada and Australia, strong demand in North America, and the acquisition of Saxon Energy Services. This acquisition notably contributed to a 12% rise in EBITDA. The CPS segment led with 46% of consolidated revenue, and overall gross margin improved to 26% from 24% the previous year. Geographically, Q3 revenue distribution was 49% from Canada, 34% from the U.S., and 17% from Australia. The company maintained a robust financial position with $97.3 million in positive working capital and a senior bank debt to EBITDA ratio of 0.26. The call also detailed a $19.8 million increase in the 2024 capital budget, focusing on upgrading equipment in Australia and expanding rental equipment, anticipating continued growth in LNG markets. Additionally, Total Energy returned $8.7 million to shareholders through dividends and share buybacks during the quarter.Record Quarterly Financial Results
Total Energy reported record financial results for Q3 2024. Consolidated revenue was 4% higher compared to Q3 2023, and EBITDA increased by 12% year-over-year.
Strong Performance in Australia
Australian operations saw significant growth with a 93% increase in operating days following the acquisition of Saxon Energy Services. Australian Q3 revenue per operating day increased by 42% year-over-year.
Increased CPS Segment EBITDA
The CPS segment reported a 34% year-over-year increase in EBITDA and a 31% increase in EBITDA margin for Q3 2024.
Strong Financial Position
Total Energy had $97.3 million of positive working capital and $61.9 million of cash as of September 30, 2024. The senior bank debt to bank EBITDA ratio was 0.26.
Expansion in Asian LNG Market
Total Energy increased its capital budget by $19.8 million to upgrade Saxon rigs and pursue growth opportunities in the Asian LNG market.
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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
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TSE:TOT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Mar 07, 2024 | C$9.22 | C$9.12 | -1.08% |
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 Total Energy Services (TSE:TOT) report earnings?
Total Energy Services (TSE:TOT) is schdueled to report earning on Mar 07, 2025, TBA Not Confirmed.
What is Total Energy Services (TSE:TOT) earnings time?
Total Energy Services (TSE:TOT) earnings time is at Mar 07, 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 2024 (Q4) is 0.38.
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