CES Energy Solutions Corp. (T:CEU*CA)

Business Focus: Oil Related Services and Equipment (NEC)

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
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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

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