STEP Energy Services Reports Improved Net Income Despite Revenue Decline in Q3 2025

STEP Energy Services ( (TSE:STEP) ) has shared an announcement.

STEP Energy Services Ltd. reported a decrease in consolidated revenue for the third quarter of 2025, with $227.2 million compared to $256.0 million in the same period of 2024. Despite the revenue decline, the company achieved a net income of $6.8 million, a significant improvement from a net loss of $5.5 million in the previous year. This performance reflects the company’s operational adjustments and cost management efforts, which have positively impacted its financial outcomes.

The most recent analyst rating on (TSE:STEP) stock is a Hold with a C$5.50 price target. To see the full list of analyst forecasts on STEP Energy Services stock, see the TSE:STEP Stock Forecast page.

Spark’s Take on TSE:STEP Stock

According to Spark, TipRanks’ AI Analyst, TSE:STEP is a Neutral.

The overall stock score reflects a mixed outlook for STEP Energy Services. The company’s financial performance is challenged by declining revenues and profitability, but it shows resilience in cash management and leverage improvement. Technical analysis indicates strong bullish momentum, which is a positive factor. Valuation remains a concern due to negative earnings and lack of dividends. The earnings call provides a cautiously optimistic outlook, focusing on operational efficiency and market positioning.

To see Spark’s full report on TSE:STEP stock, click here.

More about STEP Energy Services

STEP Energy Services Ltd. operates in the energy sector, providing specialized oilfield services including fracturing and coiled tubing services. The company focuses on delivering efficient and reliable services to the oil and gas industry, primarily in Canada.

Average Trading Volume: 29,099

Technical Sentiment Signal: Buy

Current Market Cap: C$399.4M

For detailed information about STEP stock, go to TipRanks’ Stock Analysis page.