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CES Energy Solutions Corp (TSE:CEU)
TSX:CEU
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.18Last Year’s EPS
0.2Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: -1.30%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted CES's strong financial performance, record revenue, and strategic market share gains despite challenges such as adverse margin effects and a decline in the U.S. rig count. The company is taking proactive measures to address potential pricing pressures and remains optimistic about future growth in its Production Chemical business.Company Guidance
During the CES Energy Solutions First Quarter 2025 Results Conference Call, key financial metrics indicated robust performance, with a record quarterly revenue of $632.4 million, marking a 7% increase compared to the previous year. The company reported an EBITDA of $99.9 million with margins of 15.8%. Total debt to trailing 12-month EBITDA was maintained at 1.17 times, aligning with the targeted range of 1 to 1.5 times. The cash conversion cycle was reduced to 103 days, surpassing the goal of 110 to 115 days. The company repurchased 13.3 million shares under the NCIB program and announced a 42.5% dividend increase, supported by strong cash flow generation. The capital allocation plan includes $80 million in anticipated CapEx for 2025, with a focus on strategic acquisitions and maintaining a debt level within the current range. The North American rig count was reported at 182 rigs, representing a 26.5% market share, with revenue derived 64% from the U.S. and 36% from Canada. Despite challenges like Canadian dollar devaluation and tariff uncertainties, the company expressed optimism about future prospects, driven by infrastructure projects and market conditions.Record-Breaking Quarterly Revenue
CES Energy Solutions achieved all-time record quarterly revenue of $632.4 million, which was 7% higher than Q1 of last year.
Strong Market Share in North America
CES holds a leading North American land market share of over 26.5% with 182 rigs out of 687 operating. The Canadian revenue set an all-time quarterly record.
Significant Share Repurchase
CES repurchased 13.3 million shares, approximately 70% of the amount allowed under the current NCIB program, with plans to fully execute the program by July 21.
Positive Outlook for Production Chemical Business
The Production Chemical business is experiencing outsized growth in both Canada and the U.S., with significant investments for anticipated upcoming growth.
Credit Facility Extension
CES closed an amendment and extension of its senior credit facility, increasing the Canadian facility by $100 million to $550 million, with improved pricing and terms.
TSE:CEU 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
TSE:CEU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | C$6.15 | C$6.00 | -2.44% |
Mar 06, 2025 | C$7.11 | C$6.97 | -1.96% |
Nov 06, 2024 | C$8.42 | C$9.26 | +10.00% |
Aug 08, 2024 | C$7.42 | C$7.57 | +1.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CES Energy Solutions Corp (TSE:CEU) report earnings?
CES Energy Solutions Corp (TSE:CEU) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is CES Energy Solutions Corp (TSE:CEU) earnings time?
CES Energy Solutions Corp (TSE:CEU) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CEU EPS forecast?
TSE:CEU EPS forecast for the fiscal quarter 2025 (Q2) is 0.18.