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STEP Energy Services Ltd. (SNVVF) Q3 2024 Earnings Call Transcript Summary

STEP Energy Services Ltd. (SNVVF) Q3 2024 Earnings Call Transcript Summary

STEP能源服務有限公司(SNVVF)2024年第三季度業績會記錄摘要
富途資訊 ·  11/14 18:20  · 電話會議

The following is a summary of the STEP Energy Services Ltd. (SNVVF) Q3 2024 Earnings Call Transcript:

以下是STEP能源服務有限公司(SNVVF)2024年第三季度業績會實錄摘要:

Financial Performance:

財務表現:

  • STEP Energy reported a consolidated revenue of CAD256 million in Q3, maintaining roughly the same level as the previous year's Q3 revenue of CAD255 million.

  • Adjusted EBITDA was CAD44 million with a 17% margin, compared to a higher CAD52 million with a 21% margin in the prior year's Q3.

  • The company reported a net loss of CAD5.5 million, or CAD0.08 per diluted share, after recognizing an impairment of CAD12.7 million on US assets.

  • STEP能源報告第三季度合併營業收入加拿大25600萬,與前一年第三季度的25500萬基本持平。

  • 調整後的EBITDA爲加拿大4400萬,17%的利潤率,較上一年第三季度高的5200萬,21%的利潤率。

  • 公司報告了加拿大550萬的淨虧損,每股攤薄8加拿大分,扣除對美國資產1270萬的減值後。

Business Progress:

業務進展:

  • In the Canadian market, revenue increased and adjusted EBITDA improved significantly due to increased activity and operating efficiencies in fracturing operations.

  • Investment in upgrading fracturing fleets to Tier 4 dual fuel engine technology helps reduce environmental impact and align with clients' sustainability demands.

  • Significant operational achievements include pumping a record 570,000 metric tons of sand in Q3 and setting a new record in coiled tubing operations in the Williston Basin.

  • The company has adjusted the 2024 capital budget downwards in response to slowing market conditions.

  • 在加拿大市場,由於壓裂作業的活動增加和運營效率提高,營收增加,調整後的EBITDA顯著改善。

  • 投資於升級壓裂機隊至Tier 4雙燃料發動機技術有助於減少環保母基,並符合客戶的可持續要求。

  • Q3績效要點包括創紀錄地在泵送方面完成了57萬噸沙子,同時在威利斯頓盆地的卷管作業中刷新了新記錄。

  • 公司根據市場放緩的情況,已調低了2024年的資本預算。

Opportunities:

機會:

  • The rising proppant intensity in operations, such as those seen in the Montney wells, presents STEP with opportunities for increased service provision.

  • Expansion in LNG capacities and export capabilities, especially in North America, predicts a promising future demand for STEP's services.

  • 在蒙尼油井等作業中,支撐劑密度的增長爲STEP提供了增加服務供應的機會。

  • LNG產能和出口能力的擴大,尤其是在北美地區,預示着對STEP服務需求的未來潛力。

Risks:

風險:

  • The impairment in the US segment indicates ongoing challenges and weak conditions in the US fracturing market.

  • Persistent pricing pressures are expected to continue affecting margins into the first half of 2025.

  • 美國業務部分的減值表明美國壓裂市場仍然面臨持續挑戰和疲弱的狀況。

  • 持續的定價壓力預計將繼續影響2025年上半年的利潤率。

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

提示:如需更全面的詳情,請參閱投資人關係網站。本文僅供投資者參考,不作任何指引或建議。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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