EarningsQ2 2026 Earnings Report
DE:5O7 Q2 2026 EPS Results
Actual EPS€0.45
Consensus EPS€0.29
Beat/MissBeat by +€0.16
One Year Ago EPS€0.28
DE:5O7 Q2 2026 Revenue Results
Actual Revenue€204.74M
Expected Revenue€194.80M
Beat/MissBeat by +€9.93M
YoY Revenue Growth+31.37%
Earnings Announcement Details
QuarterQ2 2026
Date08/12/2026
TimeAfter Close
Conference CallWednesday, August 12, 2026
DE:5O7 Upcoming Earnings
Total Energy Services's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive picture: Total Energy delivered record quarterly results with strong revenue (+31% YoY), meaningful EBITDA gains, a large CPS fabrication backlog (+82% YoY) and a solid balance sheet (net cash position, $50.5M cash, $150M credit). Key operational wins included CDS outperformance, CPS backlog expansion and improved Australian well servicing results and Canadian rig market share. The principal negatives were compression of consolidated gross margins (down 157 bps) as CPS grew (a lower-margin mix), margin pressure in CPS from sold rental assets, RTS profitability weakness (EBITDA -4%, margin -594 bps), $2.3M of one-time U.S. drilling costs, and supply-chain/input lead-time constraints that limit near-term CPS throughput. On balance, the financial strength, backlog visibility and significant YoY growth outweigh the margin and one-time issues.Company Guidance
Record Quarterly Results
Total Energy reported record quarterly revenue, EBITDA and net income for Q2 2026, driven by strong North American demand and upgraded drilling/service rigs in Australia and Canada.
Substantial Revenue Growth
Consolidated Q2 2026 revenue increased 31% year-over-year.
EBITDA Improvement
Consolidated Q2 EBITDA increased by $15.5 million year-over-year, supported by higher activity and improved fabrication margins in CPS and higher day rates for upgraded rigs.
Segment Revenue Contributions
Incremental Q2 revenue contributions included CPS +$49.1M, CDS +$23.5M, Well Servicing +$3.4M and RTS +$2.5M; CPS represented 55% of consolidated revenue.
CDS Segment Outperformance
CDS revenue increased 33% YoY; operating days up 24%; revenue per operating day up 7%; CDS EBITDA up 39% and EBITDA margin up 110 basis points. Excluding $2.3M of nonrecurring U.S. expenses, CDS EBITDA would be +54% and margin +353 bps YoY.
CPS Revenue, Backlog and Capacity Expansion
CPS revenue increased 37% YoY and EBITDA rose $4.7M (21%). Fabrication backlog reached $554.5M at June 30, 2026 — up 82% YoY and 24% sequentially — providing visibility into 2028. U.S. Weirton fabrication expansion is on time and on budget for Q1 2027.
Well Servicing Recovery
Well servicing segment revenue rose 11% YoY (driven by +7% revenue per service hour and +4% service hours); segment EBITDA increased 194% YoY due to improved Australian operating income and cessation of U.S. operating losses.
RTS Revenue Growth
RTS segment revenue increased 16% YoY as a result of a prior U.S. acquisition and increased Canadian activity.
Strong Balance Sheet and Liquidity
At June 30, 2026 Total Energy had $81.9M positive working capital, $50.5M cash, cash exceeding bank debt by $25.5M, $150M available on revolving credit, senior debt to bank EBITDA ratio of -0.07x (net cash) and bank-defined interest coverage of 100.02x.
Capital Deployment and Shareholder Returns
Invested $65.8M in H1 2026, returned $22.5M to shareholders via dividends and buybacks, reduced bank debt by $30M, and Board approved a $32.7M increase to 2026 capital budget (total projected commitments $144.6M).
Operational Improvements and Market Share Gains
Upgraded drilling and service rig fleets in Australia and Canada drove improved Australian well servicing performance and Canadian drilling market share gains; Australia rigs running 11 (soon to be 12) with additional upgrades scheduled.
DE:5O7 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed