Earnings Call Summary | STEP ENERGY SERVICES LTD(SNVVF.US) Q2 2024 Earnings Conference
Earnings Call Summary | STEP ENERGY SERVICES LTD(SNVVF.US) Q2 2024 Earnings Conference
Net income for Q2 was $11 million, or $0.14 per diluted share, down from $41 million or $0.55 per diluted share in Q1.The following is a summary of the STEP Energy Services Ltd. (SNVVF) Q2 2024 Earnings Call Transcript:
以下是STEP Energy Services Ltd. (SNVVF) 2024年Q2業績會議的摘要：
Financial Performance:
金融業績：
STEP Energy reported Q2 2024 consolidated revenues of $231 million, consistent with the prior year but a decrease from Q1 2024's revenue of $320 million.
Adjusted EBITDA for Q2 was $42 million, representing a 20% margin, a decrease from $80 million or a 25% margin in Q1.
Net income for Q2 was $11 million, or $0.14 per diluted share, down from $41 million or $0.55 per diluted share in Q1.
Free cash flow for Q2 was $20 million, down from $54 million in Q1.
STEP Energy報告2024年Q2的綜合營收爲2.31億美元，與去年同期持平，但比Q1 2024年的3.2億美元有所下降。
Q2調整後的EBITDA爲4200萬美元，佔20%的毛利率，較Q1的8000萬美元或25%的毛利率下降。
Q2的淨利潤爲1100萬美元，每股攤薄收益0.14美元，較Q1的4100萬美元或每股攤薄收益0.55美元下降。
Q2的自由現金流爲2000萬美元，較Q1的5400萬美元下降。
Business Progress:
業務進展：
Continued focus on long-term agreements with large clients for predictable utilization.
Reinvestment into technological upgrades and the reactivation of additional coiled tubing unit.
Debt reduction remains a key objective with a significant decrease in net debt to $76 million from $108 million at the end of Q1.
持續關注與大型客戶的長期協議，以確保穩定的利用率。
再投資於技術升級和額外的卷管裝置的重啓。
債務減少仍是關鍵目標，Q1末的淨債務從1.08億美元降至7600萬美元。
Opportunities:
機會：
Positive impact expected from increased oil flow in 2025 due to TMX and LNG Canada completions, with anticipation of strong performance in Q1 2025.
Geographic diversity allows flexibility to shift assets to the most profitable regions with the potential reactivation of more coiled tubing equipment as market conditions permit.
預計由於TMX和LNG Canada的完成，2025年石油流量將增加，期待2025年Q1業績表現強勁。
地理多樣性使得可以靈活地將資產轉移到最有利可圖的地區，如果市場條件許可，可能會重新啓動更多的卷管設備。
Risks:
風險：
Lower U.S. fracturing revenues due to competitive market dynamics and fewer operating days. Fracturing equipment might be idled or repositioned if not producing profitably.
Possible continued economic impact on U.S. oil markets with a challenging outlook for U.S. fracturing contributions through the remainder of the year.
由於競爭市場動態和運營日少，美國壓裂收入降低，壓裂設備如果不盈利可能會閒置或重新定位。
可能會繼續對美國石油市場產生經濟影響，美國壓裂貢獻在本年度剩餘時間內面臨嚴峻的前景。
More details: STEP ENERGY SERVICES LTD IR
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譯文內容由第三人軟體翻譯。