CALGARY, Alberta, May 25, 2018 -- Total Energy Services Inc. has repaid $67.53 million principal amount of 7.0% senior unsecured notes issued by its wholly-owned subsidiary Savanna Energy Services Corp. together with $2.34 million of accrued interest thereon . Repayment of the Savanna Indebtedness was funded by a $50 million draw on Total’s $290 million primary revolving bank credit facilities and $19.9 million of [...]
CALGARY, Alberta, May 17, 2018 -- Total Energy Services Inc. announces that the following matters were voted upon at the Company’s annual meeting of Shareholders on May 17, 2018 . A total of 40,169,145 common shares, representing 86.89% of Total’s issued and outstanding shares as at the Record Date for the Meeting, were represented in person or by proxy at the Meeting. Matter Voted Upon Outcome of Vote Votes [...]
CALGARY, Alberta, May 11, 2018 -- Total Energy Services Inc. is pleased to announce that it has entered into an agreement with Pason Systems Inc. to collaborate in the development and deployment of drilling automation and optimization technologies. The agreement between Total Energy and Pason contemplates that Total Energy’s contract drilling services segment will cooperate with Pason to offer Savanna [...]
CALGARY, Alberta, May 10, 2018 -- Total Energy Services Inc. announces its consolidated financial results for the three months ended March 31, 2018. Financial Highlights Three months ended March 31 2018 2017 Change Revenue $ 205,215 $ 84,532 143% Operating income 7,560 nm EBITDA 27,655 7,942 248% Cashflow 21,149 7,821 170% Net income 3,328 nm Attributable to shareholders 3,164 nm Per Share Data EBITDA $ 0.60 $ 0.25 140 [...]
CALGARY, Alberta, April 25, 2018 -- Total Energy Services Inc. has increased its existing revolving credit facilities by $65 million to $290 million . The Credit Facility has also been extended to June 2021 and, subject to certain terms and conditions including the agreement of existing lenders to increase their commitments, Total may elect to increase amounts available to it under the Credit Facility, at any time during [...]
CALGARY, Alberta, April 16, 2018 -- 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, 2018. 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 11, 2018 Time: 9:00 a.m. Call: 273-9672 or [...]
CALGARY, Alberta, March 09, 2018 -- 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 March 31, 2018 on Total Energy’s outstanding common shares. The dividend is payable on April 30, 2018 to shareholders of record at the close of business on March 29, 2018. The ex-dividend date is March 28, 2018. Headquartered in [...]
CALGARY, Alberta, March 08, 2018 -- Total Energy Services Inc. announces its consolidated financial results for the three months and year ended December 31, 2017. Financial Highlights Three months ended December 31 Year ended December 31 2017 2016 Change 2017 2016 Change Revenue $ 180,230 $ 57,415 214 % $ 604,662 $ 197,800 206 % Operating income 9,680 nm 3,205 nm EBITDA 29,729 3,554 736 % 71,604 14,041 410 % Cashflow [...]
CALGARY, Alberta, Feb. 13, 2018 -- Total Energy Services Inc. will conduct a conference call and webcast following the release of its financial results for the three and twelve months ended December 31, 2017. 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 9, 2018 Time: 9:00 a.m. Call [...]
CALGARY, Alberta, Jan. 15, 2018 -- Total Energy Services Inc. announces its preliminary 2018 capital expenditure budget of $33.0 million. Included in this budget is $9.0 million of expansion capital and $24.0 million of equipment maintenance and upgrade capital. Total’s expansion capital is being directed primarily towards the Company’s Compression and Process Services segment to support continued [...]
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, 2017 on Total Energy's outstanding common shares. The dividend is payable on January 31, 2018 to shareholders of record at the close of business on December 29, 2017. The ex-dividend date is December 28, 2017. Headquartered in Calgary, Alberta, Total Energy [...]
Total Energy Services Inc. announces that it has received a Statement of Claim filed in the Alberta Court of Queen's Bench by Her Majesty the Queen in Right of Alberta, by its agent, Alberta Investment Management Corporation against Total and its wholly owned subsidiary, Savanna Energy Services Corp. . AIMCo's claim primarily relates to Savanna's refusal to pay a $6 million change of control penalty to AIMCo. On November [...]
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