CES Energy Solutions Corp
TSX:CEU

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CES Energy Solutions Corp
TSX:CEU
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Price: 9.59 CAD -0.83% Market Closed
Market Cap: 2.2B CAD

CES Energy Solutions Corp
Investor Relations

CES Energy Solutions Corp., a prominent figure in the North American energy sector, has adeptly navigated the dynamic landscape of oil and gas services. Founded with a vision to innovate and improve the efficiency of oilfield processes, CES Energy Solutions offers a plethora of critical products and services, primarily focused on drilling fluid systems, specialty chemicals, and production testing. The company’s key strength lies in its cutting-edge technological capabilities that deliver customized solutions to optimize both exploration and production activities. By providing tailored chemical formulations that enhance productivity and ensure regulatory compliance, CES plays a vital role in the operational success of its clients. As the energy industry oscillates between boom and bust cycles, CES's continued commitment to research and development is core to maintaining its competitive edge and fostering long-term relationships with major producers.

The monetization model of CES is woven into the intricate fabric of recurring service contracts and product sales. By offering a highly integrated suite of solutions, the company not only addresses immediate operational needs but also builds a significant annuity-like revenue stream through ongoing customer engagements. This strategic approach enables CES to capture significant market share across oil-rich regions in both the United States and Canada. As the energy paradigm gradually shifts toward sustainability, CES is well poised to adapt, leveraging its deep industry expertise and innovative spirit to explore new growth opportunities within the energy transition framework. Through a combination of effective cost management and scalable operations, CES consistently aims to enhance shareholder value and sustain its industry leadership, even amidst the unpredictable nature of global energy demands.

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CEU
S&P TSX Composite Index (Canada)

Earnings Calls

2024 Q3
Nov 7, 2024
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CES Energy Solutions Posts Record Q3 Revenue and EBITDA Growth
2024 Q3
Nov 7, 2024

In Q3 2024, CES Energy Solutions achieved record revenues of $607 million, a 13% year-over-year increase, and an EBITDA of $103 million, up 28%. The EBITDA margin improved to 16.9%, exceeding guidance of 15.5% to 16.5%. Free cash flow was $40.1 million, contributing to a total debt to trailing EBITDA ratio of 1.14x, well within their target range of 1x to 1.5x. The company plans to increase capital expenditures to $85 million in 2024, anticipating consistent revenue growth, while continuing a quarterly dividend of $0.03 per share, amounting to $27 million annually.

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Management

Mr. Kenneth E. Zinger
President, CEO, President of Canadian Operations & Director
No Bio Available
Mr. Anthony Michael Aulicino
Chief Financial Officer
No Bio Available
Mr. Richard L. Baxter
President Emeritus & Senior Advisor to AES Drilling Fluids, LLC
No Bio Available
Mr. Vernon James Disney
President of US Production Chemicals
No Bio Available
Mihir Patel
President of Canadian Drilling Fluids
No Bio Available
Mr. Matthew S. Bell
Director of Legal & Corporate Secretary
No Bio Available
Mr. James Strickland
President of US Drilling Fluids
No Bio Available
Mr. Michael Hallat
President of Sialco Materials Limited
No Bio Available

Contacts

Address
ALBERTA
Calgary
332 6th Avenue SW, Suite 1400
Contacts