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Step Energy Services Ltd (STEP.TO)

STEP.TO on Toronto Stock Exchange

1.56CAD
18 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Step Energy Services Reports Qtrly Loss Per Share Of $0.89
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Step Energy Services Ltd ::. REPORTS FOURTH QUARTER AND YEAR END 2018 RESULTS, PROVIDES AN UPDATE TO ITS AMENDED CREDIT FACILITIES, AND ANNOUNCES APPOINTMENT OF NEW INDEPENDENT DIRECTOR.QTRLY LOSS PER SHARE $0.89.GENERATED FOURTH QUARTER CONSOLIDATED REVENUE OF $169.0 MILLION VERSUS $154.3 MILLION.EXTREME COMMODITY PRICE VOLATILITY AT THE END OF 2018 HAS CREATED A CAUTIOUS OUTLOOK FOR INDUSTRY CAPITAL SPENDING IN 2019.STEP ENERGY SERVICES - IN KEEPING WITH MANAGEMENT'S CONSERVATIVE OUTLOOK FOR 2019, STEP'S BOARD OF DIRECTORS HAS APPROVED A 2019 CAPITAL PROGRAM OF $48 MILLION.FOR 2019 TOTAL 2019 CAPITAL SPEND IS PROJECTED TO BE $60 MILLION, SHOULD COMPANY ELECT TO SPEND 2018 CARRY FORWARD CAPITAL.Q4 REVENUE VIEW C$196.1 MILLION -- REFINITIV IBES DATA.SAYS IMMEDIATE APPOINTMENT OF EVELYN ANGELLE AS AN INDEPENDENT DIRECTOR OF COMPANY AND A MEMBER OF STEP'S AUDIT COMMITTEE.  Full Article

Step Energy Services Q3 Revenue C$240.5 Million
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Step Energy Services Ltd ::STEP ENERGY SERVICES LTD REPORTS THIRD QUARTER 2018 FINANCIAL AND OPERATING RESULTS.Q3 REVENUE C$240.5 MILLION.QUARTERLY EARNINGS PER SHARE C$0.14.  Full Article

Step Energy Services Ltd. Announces Strategic Business Update And Third Quarter Conference Call Details
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Step Energy Services Ltd ::STEP ENERGY SERVICES LTD. ANNOUNCES STRATEGIC BUSINESS UPDATE AND THIRD QUARTER CONFERENCE CALL DETAILS.STEP ENERGY SERVICES LTD - STRATEGIC 2019 OUTLOOK.STEP ENERGY SERVICES LTD - "WELL POSITIONED TO IMPROVE ON Q2 2019 PERFORMANCE RELATIVE TO Q2 OF 2018".STEP ENERGY SERVICES LTD - "SECURED FIRM COMMITMENTS" FOR OVER HALF OF ITS MANNED FRACTURING FLEETS IN 2019.STEP ENERGY SERVICES LTD - CLIENT DISCUSSIONS CONFIRM OUTLOOK THAT FRACTURING CAPACITY SHOULD TIGHTEN AS 2019 PROGRESSES FOR U.S. OPERATIONS.STEP ENERGY SERVICES LTD - EARLY SNOW AND RAIN DURING SEPTEMBER RESULTED IN OPERATIONAL SETBACKS AND DELAYS.STEP ENERGY SERVICES LTD - IN U.S., OPERATIONS CONTINUE TO BENEFIT FROM STRONG UTILIZATION FOR COILED TUBING IN TEXAS AND LOUISIANA.STEP ENERGY SERVICES - Q3 2018 PRESSURE PUMPING UTILIZATION IN OKLAHOMA WAS INCONSISTENT AS A RESULT OF STEP'S LARGER CLIENTS ADJUSTING THEIR ACTIVITY.STEP ENERGY SERVICES LTD - WEATHER RELATED DELAYS HAVE EXTENDED INTO Q4 OF 2018.STEP ENERGY SERVICES - CATEGORIZES PRESSURE PUMPING MARKET IN OKLAHOMA AND TEXAS AS CURRENTLY OVERSUPPLIED.STEP ENERGY SERVICES - EXPECTS PRICING COMPETITION TO BE TRANSITIONAL AS CLIENT DISCUSSIONS POINT TO RECOVERY IN ACTIVITY BEGINNING IN H1 2019.  Full Article

Step Energy Services Ltd. Reports Q2 Loss Per Share $0.13
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Step Energy Services Ltd ::STEP ENERGY SERVICES LTD. REPORTS RECORD SECOND QUARTER 2018 FINANCIAL AND OPERATING RESULTS.STEP ENERGY SERVICES LTD QTRLY LOSS PER SHARE $ 0.13.STEP ENERGY SERVICES LTD - QTRLY CONSOLIDATED REVENUE $184.6 MILLION VERSUS $105.4 MILLION.STEP ENERGY SERVICES LTD - WITH INTEGRATION OF TUCKER ACQUISITION, BOARD OF DIRECTORS HAS APPROVED A REVISED 2018 CAPITAL PROGRAM OF $139 MILLION.STEP ENERGY SERVICES ON 25 PERCENT TARIFF ON STEEL PRODUCTS SAYS "MANAGEMENT IS EVALUATING OPTIONS TO MINIMIZE THE COST IMPACT TO OUR CLIENT BASE".  Full Article

Step Energy Services Ltd Posts Q1 Profit C$0.29/Shr
Tuesday, 8 May 2018 

May 8 (Reuters) - Step Energy Services Ltd ::STEP ENERGY SERVICES LTD REPORTS RECORD FIRST QUARTER 2018 FINANCIAL AND OPERATING RESULTS.Q1 REVENUE C$187.6 MILLION VERSUS C$118 MILLION.QUARTERLY NET INCOME PER SHARE C$0.29.  Full Article

Step Energy Services reports ‍Q3 EPS $0.46​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Step Energy Services Ltd :Step Energy Services Ltd. reports record third quarter 2017 financial and operating results.Step Energy Services Ltd qtrly ‍consolidated revenue of $175.5 million compared to $58.2 million​.Step Energy Services Ltd qtrly ‍SHR $0.46​.Step Energy Services Ltd - ‍step has expanded its 2017 capital program by $15 million, bringing revised capital program to $115 million​.Step Energy Services Ltd - ‍"bookings into 2018 are supportive of an active Q1 and we have visibility to activity extending into Q2 of 2018"​.Step Energy Services Ltd - ‍board has approved a 2018 capital program of $109 million​.Step Energy Services Ltd - "‍continued increases in fracturing intensity have potential to extend undersupplied conditions through 2018"​.Q3 earnings per share view C$0.29, revenue view C$162.4 million -- Thomson Reuters I/B/E/S.  Full Article