The earnings call highlighted strong growth in the Australian and CPS segments, with record-breaking second quarter results and strategic expansions in the U.S. market. However, the U.S. drilling and completion activities faced significant challenges, along with a modest decline in Canadian drilling activity. Despite these challenges, the company maintained a strong financial position and positive outlook.

Company Guidance -

Q3 2025

During the conference call, Total Energy Services Inc. provided detailed guidance on their second quarter of 2025 financial performance, emphasizing record results despite challenging conditions in the United States and a slight decline in Canadian drilling activity. Key metrics highlighted included a 17% year-over-year increase in consolidated revenue and a 21% rise in EBITDA, with improved margins across all four business segments. Geographically, revenue distribution was 38% each in Canada and the U.S., and 24% in Australia, marking a shift from the previous year. Segment-wise, Compression and Process Services (CPS) led with 53% of total revenue, followed by Contract Drilling Services (CDS) at 28%, Well Servicing at 12%, and Rentals and Transportation Services (RTS) at 7%. The CPS segment saw a remarkable 22% revenue increase, driven by a 29% surge in operating income and a 26% rise in EBITDA. The company's fabrication sales backlog grew by $38.5 million to $303.9 million. Total Energy's financial position remained robust with $108.7 million in positive working capital and a low senior bank debt to EBITDA ratio of 0.2x. Looking forward, the Board approved a $19.5 million capital expenditure increase to expand U.S. fabrication capacity and upgrade a service rig in Australia, with expectations of enhanced operational capacity by 2027.

Record Second Quarter Results

Total Energy's financial results for the 3 months ended June 30, 2025, represent record second quarter results with a 17% increase in consolidated revenue and a 21% increase in EBITDA year-over-year.

Strong Australian Market Performance

Australian drilling and service rig activity saw a 30% increase in operating days and resulted in a 9% year-over-year increase in segment revenue, primarily due to rig upgrades.

CPS Segment Growth

Total CPS segment saw a 22% increase in revenue compared to 2024, with a 29% increase in operating income and a 26% increase in segment EBITDA.

Increased Fabrication Sales Backlog

Fabrication sales backlog increased by $38.5 million, or 15%, to $303.9 million compared to March 31, 2025.

Strong Financial Position

Total Energy had $108.7 million of positive working capital, including $34.2 million of cash, with a senior bank debt to bank EBITDA ratio of 0.2x.

Strategic Expansion in U.S. Market

Board approved a $19.5 million increase to the 2025 capital expenditure budget to fund a new assembly plant in Weirton, West Virginia, expected to increase U.S. fabrication capacity by at least 75%.

Successful Acquisition in Oklahoma

Acquisition of 280 rental pieces in Oklahoma increased the U.S. major rental fleet by 30% and established a new branch in El Reno, Oklahoma.

Total Energy Services (TSE:TOT) 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:TOT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.52 / -	0.5	―	―	―
Aug 05, 2025	2025 (Q2)	0.27 / 0.45	0.39	15.38% (+0.06)	―	―
May 08, 2025	2025 (Q1)	0.49 / 0.49	0.38	28.95% (+0.11)	―	―
Mar 06, 2025	2024 (Q4)	0.38 / 0.26	-0.19	236.84% (+0.45)	―	―
Nov 06, 2024	2024 (Q3)	0.48 / 0.50	0.47	6.38% (+0.03)	―	―
Aug 08, 2024	2024 (Q2)	0.25 / 0.39	0.15	160.00% (+0.24)	―	―
May 09, 2024	2024 (Q1)	0.48 / 0.38	0.57	-33.33% (-0.19)	―	―
Mar 07, 2024	2023 (Q4)	0.35 / -0.19	0.29	-165.52% (-0.48)	―	―
Nov 09, 2023	2023 (Q3)	0.42 / 0.47	0.4	17.50% (+0.07)	―	―
Aug 10, 2023	2023 (Q2)	0.24 / 0.15	0.14	7.14% (<+0.01)	―	―

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
Aug 05, 2025	C$11.80	C$12.00	+1.69%
May 08, 2025	C$9.20	C$9.60	+4.35%
Mar 06, 2025	C$9.00	C$9.02	+0.22%
Nov 06, 2024	C$10.12	C$10.29	+1.68%

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 Nov 06, 2025, TBA (Confirmed).

What is Total Engy Serv Inc. (TSE:TOT) earnings time?

Total Engy Serv Inc. (TSE:TOT) earnings time is at Nov 06, 2025, TBA (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 (Q3) is 0.52.

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