Bullboard - Stock Discussion Forum Step Energy Services Ltd T.STEP

Alternate Symbol(s): SNVVF

STEP Energy Services Ltd. is a Canada-based energy services company. The Company is engaged in providing coiled tubing, fluid and nitrogen pumping and hydraulic fracturing solutions. The Company’s segments include Canadian Operations and the United States Operations segments. It delivers completion and stimulation services to exploration and production (E&P) companies in Canada and the United... see more

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Step Energy Services Ltd > Globe & Mail Stocks to Watch

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Post by retiredcf on Jun 21, 2022 9:26am

Globe & Mail Stocks to Watch

That's 25% over previous estimates for revenue and potentially a near double for EBITDA. GLTA

Step Energy Services Ltd. updated its second-quarter guidance, estimating revenue to range between $250-million and $265-million. “For context, estimated top-line revenue in the current quarter may be on track to be the highest in the company’s history,” it stated. The estimate is above expectations of $203.6-million for the quarter ended June 30, according to S&P Capital IQ.

Adjusted EBITDA is expected to range between $42-million to $50-million the company stated. The expectation is for adjusted EBITDA of $25.6-million.

The estimates compare to $107.5-million in revenue and $11.7-million of adjusted EBITDA ($10.6-million net loss) generated for the second quarter last year, the company stated.

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