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Step Energy Services Ltd (STEP.TO)

STEP.TO on Toronto Stock Exchange

10.35CAD
20 Jun 2018
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Latest Key Developments (Source: Significant Developments)

STEP Energy Services Announces Acquisition Of U.S. Fracturing
Thursday, 22 Feb 2018 04:26pm EST 

Feb 22 (Reuters) - STEP Energy Services Ltd ::STEP ENERGY SERVICES LTD. ANNOUNCES ACQUISITION OF U.S. FRACTURING AND COMPLETION SOLUTIONS COMPANY AND $50 MILLION IN EQUITY FINANCING.STEP ENERGY SERVICES LTD - DEAL FOR ‍TOTAL CASH CONSIDERATION OF US$275 MILLION, BEFORE CLOSING ADJUSTMENTS​.STEP ENERGY SERVICES LTD - ‍ACQUISITION IS NOT SUBJECT TO ANY FINANCING CONDITION​.STEP ENERGY SERVICES - CO OBTAINED FINANCING OF $330 MILLION REVOLVING SYNDICATED CREDIT FACILITY, $10 MILLION OPERATING FACILITY, $7.5 MILLION OPERATING FACILITY​.STEP ENERGY SERVICES LTD - SEES ‍NET INCOME OF BETWEEN ABOUT $17.0 MILLION AND $18.0 MILLION IN Q4 OF 2017​.STEP ENERGY SERVICES LTD - SEES ‍Q4 REVENUE $152 MILLION TO $157 MILLION​.STEP ENERGY SERVICES - ‍STEP IS ENCOURAGED BY BOOKING SCHEDULE FOR Q2 , AND EXPECTS QUARTER WILL BE MORE ACTIVE THAN A TYPICAL SPRING BREAKUP PERIOD​.  Full Article

Step Energy Services reports ‍Q3 EPS $0.46​
Wednesday, 8 Nov 2017 06:30am EST 

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

Step Energy Services Ltd reports qtrly earnings per share $0.18
Friday, 12 May 2017 06:30am EDT 

May 12 (Reuters) - Step Energy Services Ltd : :Step Energy Services Ltd reports first quarter results for 2017.Qtrly earnings per share $0.18.Step Energy Services Ltd - board of directors approved an increase to 2017 capital program of $16 million bringing company's 2017 program to $100 million.Q1 revenue rose 328 percent to C$118 million.Step Energy Services Ltd - company plans on re-staffing two idle masted coiled tubing units in canada in second half of 2017.  Full Article

BRIEF-STEP Energy Services Announces Acquisition Of U.S. Fracturing

* STEP ENERGY SERVICES LTD. ANNOUNCES ACQUISITION OF U.S. FRACTURING AND COMPLETION SOLUTIONS COMPANY AND $50 MILLION IN EQUITY FINANCING