SNVVF - STEP Energy Services GAAP EPS of C$0.13 revenue of C$219.54M

STEP Energy Services press release (OTCPK:SNVVF): Q1 GAAP EPS of C$0.13. Revenue of C$219.54M (+60.5% Y/Y). Q1 2022 adjusted EBITDA of C$37.0 million, was an increase of 131% over the C$16.0 million generated in Q1 2021 and a sequential increase of 114% over the C$17.3 million generated in Q4 2021.  As a result of the significant increase in operating activity in Q1 2022, Working capital increased to C$52.8 million at the end of Q1 from C$3.9 million in Q4 2021 and Net debt increased to C$214.3 million from C$186.9 million in Q4 2021.

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STEP Energy Services GAAP EPS of C$0.13, revenue of C$219.54M