SNVVF News and Press, STEP Energy Services From 09/08/22

Summary Exploration and production equities have already rebounded to multi-year highs. Many oil field services equities, including hydraulic fracturing equities have lagged the return of exploration and production. The sharp drop in EV/EBITDA in late June is amplified by increase...

STEP Energy Services Ltd. (SNVVF) Q2 2022 Earnings Conference Call August 11, 2022 11:00 AM ET Company Participants Klaas Deemter – Chief Financial Officer Dana Brenner – Senior Advisor, Investor Relations Steve Glanville – President and Chie...

The following slide deck was published by STEP Energy Services Ltd. in conjunction with their 2022 Q2 earnings call. For further details see: STEP Energy Services Ltd. 2022 Q2 - Results - Earnings Call Presentation

STEP Energy Services press release ( OTCPK:SNVVF ): Q2 GAAP EPS of C$0.535. Revenue of C$273M (+153.8% Y/Y). Q2 2022 Adjusted EBITDA of C$55.3M, was an increase of 373% over the C$11.7M generated in Q2 2021 and a sequential increase of 49% over the C$37.0M generated in Q1 ...

STEP Energy Services specializes in high-performance fracturing and coiled tubing in Canada and the U.S. This OFS player has experienced a robust recovery in equipment utilization and day rate appreciation, thanks to a tightening OFS market in North America. Business is expected t...

Shortly following Russia's invasion of Ukraine, the CEOs of Pioneer (PXD) and Devon (DVN) indicated they were willing to work with Washington in a coordinated effort to increase US oil (USO) and gas (UNG) supply. Washington responded with an historic release of strategic oil reserves, Co...

STEP Energy Services Ltd. (SNVVF) Q1 2022 Earnings Conference Call May 12, 2022, 11:00 AM ET Company Participants Regan Davis - Chief Executive Officer Klaas Deemter - Chief Financial Officer Steve Glanville - President and Chief Operating Officer Conference Call Participants Cole Pereira - S...

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...

BMO analyst John Gibson upgraded STEP Energy Services (OTCPK:SNVVF) to buy as pricing for pressure pumping services inflects higher. At less than 3x 2022 EBITDA, strong utilization and improved pricing should drive ~40% upside for shares in the near term. STEP (OTCPK:SNVVF) generated ~$120m i...

STEP Energy Services press release (OTCPK:SNVVF): Q4 GAAP EPS of -$0.08. Revenue of $158.72M (+121.8% Y/Y) beats by $48.91M. Adjusted EBITDA of $17.3 million in Q4 2021, modestly lower than the $18.0 million in Q3 2021 but significantly higher than the $2.4 million earned in Q4 2020.  To...