Sector: Energy | Industry: Oil Related Services and Equipment |
Company Contact | |
Address: | 332 6th Avenue SW, Suite 1400 CALGARY AB T2P 0B2 |
Tel: | N/A |
Website: | https://www.cesenergysolutions.com |
IR: | See website |
Key People | ||
Kenneth E. Zinger President, Chief Executive Officer, Director | Anthony Michael Aulicino Chief Financial Officer | Richard Lee Baxter President, US Drilling Fluids |
Vernon James Disney President, US Production Chemicals | Michael Hallat President of Sialco Materials Limited | Matthew Stephen Bell Corporate Secretary |
Business Overview |
CES Energy Solutions Corp. is a Canada-based provider of consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. Its core businesses include drilling fluids and production and specialty chemicals. Its drilling fluids business operates throughout North America. Its production specialty chemicals business operates in the United States and in the Western Canadian Sedimentary Basin (WCSB), with an emphasis on servicing the oil and natural gas liquids resource plays. The Company provides environmental and drilling fluids waste disposal services to operators active in the WCSB through its Clear Environmental Solutions (Clear) division. It provides trucks and trailers specifically designed to transport drilling fluids to operators active in the WCSB through its Equal Transport (Equal) division. |
Financial Overview |
For the three months ended 31 March 2024, CES Energy Solutions Corp revenues increased 6% to C$588.6M. Net income increased 65% to C$54.5M. Revenues reflect United States segment increase of 5% to C$387.7M, Canada segment increase of 6% to C$200.9M. Net income benefited from Financial derivative loss (gain) increase from C$455K (expense) to C$6.7M (income), Other (income) loss increase from C$77K (expense) to C$1M (income). |
Employees: | 2,237 as of Dec 31, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | $2,194M as of Mar 31, 2024 |
EBITDA (TTM): | $317.26M as of Mar 31, 2024 |
Net annual income (TTM): | $176.10M as of Mar 31, 2024 |
Free cash flow (TTM): | $203.42M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $426.08M as of Mar 31, 2024 |
Shares outstanding: | 235,041,791 as of Apr 9, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |