1. Canada Stocks

  2. •

    Energy

  3. •

    Oil & Gas Equipment & Services
STEP Energy Services Ltd.

STEP Energy Services Ltd.

SNVVF
STEP Energy Services Ltd.US flagOther OTC
3.92
USD
- -
- -
285.72MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
1.32
2.19
1.92
2.81
9.79
12.02
10.03
5.48
7.89
14.25
13.14
13.32
12.58
Basic EPS, GAAP
0.1
0.22
-0.09
-0.33
1.02
-0.6
-2.16
-1.77
-0.41
1.37
0.7
0.02
-0.11
Free Cash Flow per Basic Share
-0.14
-0.11
-1.52
-1.86
-0.92
-0.07
0.31
0.43
0.32
0.57
0.92
0.72
0.46
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
1.5
3.03
3.99
7.23
6.56
4.28
2.5
2.12
3.7
4.3
4.23
4.7
Tangible Book Value per Share
- -
1.5
3.21
4.31
7.62
5.46
4.83
3.03
2.6
4.41
4.94
5.15
5.54
Basic Weighted Avg Shares
60
60
60
60
57
65
67
67
68
69
72
72
72
Sales/Revenue/Turnover
80
132
115
169
553
782
668
369
536
989
946
955
910
Operating Margin (%)
11.94
14.78
-4.06
-15.06
14.94
2.76
-5.2
-16.71
-3.19
9.11
8.23
6.96
4.88
Depreciation Expense
9
12
16
23
34
89
107
89
73
88
85
94
80
Net Income, GAAP
6
13
-6
-20
58
-39
-144
-119
-28
95
50
2
-8
Effective Tax Rate (%)
23.88
27.08
- -
- -
28.32
- -
- -
- -
- -
21.44
25.24
92.61
161.03
Profit Margin (%)
7.33
9.89
-4.86
-11.8
10.43
-5.03
-21.53
-32.35
-5.24
9.58
5.33
0.18
-0.86
Working Capital
- -
8
12
30
121
67
72
45
4
67
42
35
78
LT Debt
- -
22
7
34
8
260
247
214
171
155
105
75
53
Total Equity
- -
98
194
260
431
479
323
205
177
306
356
371
402
Return on Invested Capital (%)
- -
22.92
- -
- -
15.86
- -
- -
- -
- -
16.47
12.21
1.05
-5.58
Return on Capital (%)
- -
24.43
- -
- -
16.76
- -
- -
- -
- -
27.04
13.75
0.62
-2.97
Return on Common Equity (%)
- -
28.99
-4.13
-9.46
17.8
-9.41
-40.46
-52.68
-17.99
47.25
17.81
0.58
-2.27

Capital Structure

FRC

•

in mil. unless spec.
Mar'25
Jun'25
Sep'25
ST Debt
9
9
8
LT Borrowings
87
46
39
LT Finance Leases
17
14
14
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
72
73
73
Market Capitalization
310
309
391

Working Capital

FRC

•

in mil. unless spec.
Mar'25
Jun'25
Sep'25
Total Current Assets
293
213
194
Cash, Cash Equivalents & STI
2
3
3
Accounts Receivable, Net
223
143
134
Inventories
43
43
41
Total Current Liabilities
189
136
116
Payables & Accruals
176
123
105
ST Debt
9
9
8
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.85%
8.59%
4.21%
Free Cash Flow
79.73%
28.45%
-22.14%
Net Income, GAAP
-85.26%
-134.75%
-96.51%
Sales/Revenue/Turnover
36.95%
16.32%
0.98%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
263
232
255
195
946
2024
320
231
256
147
955
2025
308
228
227
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.27
0.21
0.29
- -
0.7
2024
0.58
0.15
-0.08
- -
0.02
2025
0.34
0.08
0.09
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Stephen Glanville
Full Time Employees
1,251
Sector
Energy
Industry
Oil & Gas Equipment & Services
Address
Bow Valley Square II Calgary AB Canada T2P 2V7
IPO Date
Aug 20, 2018
Website
stepenergyservices.com
Similar Companies
New Green Hemp Inc. (NGHI)
CGG (CGGBT.PA)
Alphageo (India) Limited (ALPHAGEO.NS)
PGS ASA (PGEJF)
SRJ Technologies Group Plc (SRJ.AX)
DDH1 Limited (DDH.AX)
Business
STEP Energy Services Ltd. is a North American oilfield services company specializing in high-capacity coiled tubing, hydraulic fracturing, fluid and nitrogen pumping, and well stimulation services primarily for exploration and production companies. Founded in 2011 and headquartered in Calgary, Alberta, the company operates predominantly in the Western Canadian Sedimentary Basin and key U.S. shale plays including the Permian Basin, Eagle Ford, Uinta-Piceance, Niobrara-DJ, and Bakken basins. Its core offerings include coiled tubing technology for ultra-deep wells, proprietary downhole tools such as the STEP-conneCT, hydraulic fracturing solutions delivering large-scale proppant pumping, nitrogen pumping for well support, and fluid pumping services. Notably, STEP holds exclusive rights to the STEP-conneCT tool across North America, enhancing its competitive differentiation in coiled tubing services. Recent major company changes include the acquisition of Tucker Energy Services, a U.S.-based fracturing and completion solutions provider, establishing STEP’s strategic entry and scaling in the United States with a total fracturing capacity reaching 490,000 horsepower and expanded coiled tubing and wireline fleets. This acquisition augmented STEP’s presence in high-growth shale plays like SCOOP/STACK and Woodford in Oklahoma, complementing its existing U.S. operations. Financially, STEP secured $50 million in equity financing alongside a $330 million revolving syndicated credit facility to fund the acquisition and capital expenditures. In 2024, STEP also improved operational efficiencies by acquiring proprietary technology and setting records in coiled tubing running meters and stages completed with advanced completion designs. Most recently in late 2025, STEP agreed to a take-private transaction valued at $5.50 per share with ARC Energy Fund 8, reflecting a strategic ownership shift while maintaining focus on growth and technology leadership in North American oilfield services. These developments position STEP as a technologically advanced and geographically diversified service provider in the oilfield completions and stimulation sector.

Company News

APIChat

  • businesswire.com

    ARC Energy Fund 8 Completes Take-Private Acquisition of STEP Energy Services Ltd.

  • businesswire.com

    STEP Energy Services Ltd. Announces Receipt of Final Order

  • businesswire.com

    STEP Energy Services Ltd. Announces Approval of Arrangement by Shareholders

  • seekingalpha.com

    STEP Energy Services Ltd. (STEP:CA) Shareholder/Analyst Call Prepared Remarks Transcript

  • businesswire.com

    STEP Energy Services Ltd. Reports Third Quarter 2025 Results

  • businesswire.com

    STEP Energy Services Ltd. Announces Commencement of Sending and Filing of Circular for Special Meeting of Shareholders to Approve Arrangement

  • businesswire.com

    STEP Energy Services Ltd. Agrees to $5.50 Per Share Take Private Transaction With Funds Advised by ARC Financial Corp.

  • businesswire.com

    STEP Energy Services Ltd. Receives Non-Binding Offer From ARC Financial Corp.

  • seekingalpha.com

    STEP Energy Services Ltd. (SNVVF) Q2 2025 Earnings Call Transcript

  • businesswire.com

    STEP Energy Services Ltd. Reports Second Quarter 2025 Results

  • businesswire.com

    STEP Energy Services Ltd. to Announce Second Quarter 2025 Results and Host Conference Call

  • businesswire.com

    STEP Energy Services Ltd. Announces Annual General Meeting Voting Results and Appointment of Board Chair and Lead Director

  • seekingalpha.com

    STEP Energy Services Ltd. (SNVVF) Q1 2025 Earnings Call Transcript

  • businesswire.com

    STEP Energy Services Ltd. Reports First Quarter 2025 Results

  • businesswire.com

    CORRECTING and REPLACING STEP Energy Services Ltd. to Announce First Quarter 2025 Results and Host Conference Call

  • businesswire.com

    STEP Energy Services Ltd. to Announce First Quarter 2025 Results and Host Conference Call

  • seekingalpha.com

    STEP Energy Services Ltd. (SNVVF) Q4 2024 Earnings Call Transcript

  • businesswire.com

    STEP Energy Services Ltd. Reports Fourth Quarter and Year End 2024 Results

  • businesswire.com

    STEP Energy Services Ltd. to Announce Fourth Quarter and Year End 2024 Results and Host Conference Call

  • businesswire.com

    STEP Energy Services Announces Normal Course Issuer Bid