Total Energy Services Inc. (T:TOT*CA)
Business Focus: Oil Related Services and Equipment (NEC)
| Sector: Energy | Industry: Oil Related Services and Equipment |
| Company Contact | |
| Address: | 734 - 7th Ave SW, Suite 1000 CALGARY AB T2P 3P8 |
| Tel: | N/A |
| Website: | https://www.totalenergy.ca |
| IR: | See website |
| Key People | ||
| Daniel K. Halyk President, Chief Executive Officer, Director | Yulia Gorbach Vice President - Finance, Chief Financial Officer | Bradley J. Macson Vice President - Operations |
| Jeremy Busch-Howell Vice President - Legal, General Counsel, Company Secretary | William Kosich Vice President - Drilling Services | Ashley Ting Corporate Controller |
| Business Overview |
| Total Energy Services Inc. is a Canada-based energy services company. The Company provides a variety of products and services to the energy and other resource industries primarily in Canada, the United States and Australia. The Company operates through five segments: contract drilling services (CDS), rental and transportation services (RTS), compression and process services (CPS), well servicing, and corporate. The CDS segment is engaged in the operation of approximately 94 drilling rigs. The rig fleet is supported by a fleet of owned top drives, walking systems, pumps and other ancillary equipment. The RTS segment operates in approximately 13 locations in western Canada and three locations in the United States. The CPS segment fabricates a full range of natural gas compression equipment as well as oil, natural gas and other process equipment. The Well Servicing segment operates approximately 79 well servicing rigs across western Canada, northwest United States and Australia. |
| Financial Overview |
| For the three months ended 31 March 2024, Total Energy Services Inc revenues decreased 14% to C$204.7M. Net income decreased 36% to C$15.5M. Revenues reflect compression and process Services segment decrease of 21% to C$77.5M, well servicing segment decrease of 28% to C$23.6M, Rentals and Transportation Services segment decrease of 8% to C$22.4M, United States segment decrease of 39% to C$79.1M, Australia segment decrease of 9% to C$22.5M. |
| Employees: | 1,904 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $438.50M as of Mar 31, 2024 |
| Annual revenue (TTM): | $859.31M as of Mar 31, 2024 |
| EBITDA (TTM): | $160.16M as of Mar 31, 2024 |
| Net annual income (TTM): | $33.07M as of Mar 31, 2024 |
| Free cash flow (TTM): | $66.44M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $113.30M as of Mar 31, 2024 |
| Shares outstanding: | 39,930,843 as of May 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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