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Enterprise Group Inc ETOLF


Primary Symbol: T.E

Industrials Industrial Distribution
Enterprise Group, Inc. is a consolidator of services, including specialized equipment rental to the energy/resource sector. The Company works with systems and technologies that mitigate, reduce, or eliminate carbon dioxide (CO2) and greenhouse gas emissions for itself and its clients. It provides specialized equipment and services in the build out of infrastructure for the energy, pipeline, and infrastructure construction industries. It has fleet of wellsite modular/combo equipment, specialized heating units, tunnelling equipment, and other heavy equipment pieces. It offers specialized infrastructure services, such as coat curing, thermal pipe expansion, scaffolding and more. It provides low emission, mobile power systems and associated surface infrastructure to the energy, resource, and Industrial sectors, through its subsidiary, Evolution Power Projects, Inc. Its other subsidiaries include Westar Oilfield Rentals Inc., Hart Oilfield Rentals Ltd., and Artic Therm International Ltd.


TSX:E - Post by User

Enterprise Group Inc
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Post by JasleenDhakaon Nov 28, 2022 1:55pm
202 Views
Post# 35134396

Q3 revenue and EPS were in line with our estimates.

Q3 revenue and EPS were in line with our estimates. Insights from the analysts:

• Q3 revenue and EPS were in line with our estimates. Revenue was up 34% YoY, EBITDA was up 15% YoY, and EPS improved from -$0.02 to -$0.01.

• The company generated revenue from renting equipment to oil and gas companies. Enterprise does not provide segmented results, but revenue growth came from organic growth and its recently launched natural gas-powered mobile power systems, replacing diesel generators.

• Enterprise’s clientele includes majors such as Suncor (TSX: SU), Chevron (NYSE: CVX), ConocoPhillips (NYSE: COP), Tourmaline Oil (TSX: TOU), and Cenovus Energy (TSX: CVE).

• Oil prices have pulled back from their highs in June 2022, but are still up 10% YoY. Despite rising rates and slower GDP growth forecasts, we have a positive outlook on oil prices as we expect a prolonged conflict between the West and East.

Keep reading more about the company and its future catalysts in the full report  https://www.researchfrc.com/enterprise-group-inc-tsx-e-q3-in-line-shares-trading-below-hard-assets/?utm_source=stockhouse.com&utm_medium=Referral&utm_campaign=stockhouse.com&utm_id=Enterprise+Group

Do you think oil and gas prices will increase due to the conflict in Eastern Europe? Share your thought in the comments down below.

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*FRC provides issuer-paid coverage.
*Past performance is not indicative of future results.
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