Total Energy Services Inc. announces its consolidated financial results for the three months ended March 31, 2020. Financial Highlights Three Months Ended March 31 2020 2019 Change Revenue $ 134,268 $ 221,990 Operating Income 10,529 8,437 25 % EBITDA 30,903 29,415 5 % Cashflow 21,911 28,453 Net Income 4,724 4,759 Attributable to Shareholders 4,672 4,760 Per Share Data EBITDA $ 0.69 $ 0.64 8 % Cashflow $ 0.49 $ 0.62 Net [...]
Total Energy Services Inc. announces that it has repaid a $40.2 million term loan that matured on April 29, 2020 with the proceeds from a new $50.0 million term loan that matures on April 29, 2025 . The Term Loan has a five-year term, bears interest at a fixed annual rate of 3.10% and is amortized over 20 years with blended monthly principal and interest payments. The Term Loan is secured by certain real estate [...]
Total Energy Services Inc. announces that its upcoming Annual Meeting of Shareholders scheduled for Wednesday, May 13, 2020 at 10:00 a.m. will now be held at Total Energy’s head office located at Suite 800, 311 6th Ave SW and broadcast via live audio-only webcast. The date and time of the Meeting are unchanged. Due to public health measures implemented to combat the spread of the novel coronavirus COVID-19, including [...]
Total Energy Services Inc. will conduct a conference call and webcast following the release of its financial results for the three months ended March 31, 2020. The financial results will be released prior to the conference call. Daniel Halyk, President and CEO, will host the call. Open to: Shareholders and other interested persons Date: May 7, 2020 Time: 9:00 a.m. Call: 319-4610 or 915-3239 A live webcast of the [...]
Total Energy Services Inc. announces its consolidated financial results for the three months and the year ended December 31, 2019. Financial Highlights Three Months Ended December 31 Year Ended December 31 2019 2018 Change 2019 2018 Change Revenue $ 151,500 $ 219,846 $ 757,398 $ 851,809 Operating Income 14,468 10,748 35 % 16,802 36,558 EBITDA 35,805 29,153 23 % 107,679 114,666 Cashflow 36,896 23,070 60 % 111,727 101,490 [...]
Total Energy Services Inc. will conduct a conference call and webcast following the release of its financial results for the three months ended December 31, 2019. The financial results will be released prior to the conference call. Daniel Halyk, President and CEO, will host the call. Open to: Shareholders and other interested persons Date: March 13th, 2020 Time: 9:00 a.m. Call: 319-4610 or 915-3239 A live webcast of the [...]
Total Energy Services Inc. announces its preliminary 2020 capital expenditure budget of $23.0 million. Included in this budget is $6.8 million of expansion capital and $16.2 million for equipment maintenance and upgrades. In addition, approximately $3.7 million of 2019 capital expenditure commitments will carry forward into 2020. Total’s expansion capital is being allocated to the Company’s Compression and [...]
Total Energy Services Inc. announces that its Board of Directors has declared a quarterly dividend of $0.06 per common share for the quarter ending December 31, 2019 on Total Energy’s outstanding common shares. The dividend is payable on January 31, 2020 to shareholders of record at the close of business on December 31, 2019. The ex-dividend date is December 30, 2019. Headquartered in Calgary, Alberta, Total Energy [...]
Total Energy Services Inc. announces its consolidated financial results for the three and nine months ended September 30, 2019. Financial Highlights Three Months Ended September 30 Nine Months Ended September 30 2019 2018 Change 2019 2018 Change Revenue $ 171,213 $ 232,925 $ 605,898 $ 631,963 Operating Income 14,294 nm 2,334 25,810 EBITDA 24,913 34,632 71,874 85,513 Cashflow 23,959 34,799 74,831 78,420 Net Income 8,655 nm [...]
Total Energy Services Inc. announces that its wholly-owned subsidiary, Savanna Drilling, LLC , has reached an agreement in regards to the early termination of contracts for three Savanna drilling rigs operating in the United States. Savanna will be paid a total of US$13.5 million for such early terminations which occurred in October 2017. Headquartered in Calgary, Alberta, Total Energy provides contract drilling services [...]
Total Energy Services Inc. will conduct a conference call and webcast following the release of its financial results for the three months ended September 30, 2019. The financial results will be released prior to the conference call. Daniel Halyk, President and CEO, will host the call. Open to: Date: Time: Call: Shareholders and other interested persons November 8, 2019 9:00 a.m. 319-4610 or 915-3239 A live webcast of the [...]
Total Energy Services Inc. announced today that it has filed a Notice with the Toronto Stock Exchange to undertake a normal course issuer bid that will expire on October 1, 2020. Total Energy has been informed that the TSX has accepted its notice to make the normal course issuer bid. All purchases of common shares will be effected through the facilities of the TSX and one or more of the Canadian alternative trading [...]
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