Total Energy Services Inc. announces its consolidated financial results for the three months and year ended December 31, 2023. Financial Highlights Three months ended December 31 Year ended December 31 2023 2022 Change 2023 2022 Change Revenue $ 213,758 $ 211,479 1 % $ 892,396 $ 759,813 17 % Operating income 23,510 15,605 51 % 84,622 49,343 71 % EBITDA 45,276 35,872 26 % 168,961 131,320 29 % Cashflow 44,457 38,590 15 [...]
Total Energy Services Inc. is pleased to announce that its wholly owned subsidiary Savanna Energy Services Pty Ltd. has completed the acquisition of all of the shares of Saxon Energy Services Australia Pty Ltd. from SLB. US $34.8 million was paid on completion and US $2.0 million less any post-completion adjustments will be paid on the first anniversary of completion. The acquisition of Saxon increases Savanna Australia's [...]
Total Energy Services Inc. announces that its appeal of certain Canadian income tax reassessments related to the Company's conversion from an income trust in 2009 has been dismissed by the Tax Court of Canada. The Canada Revenue Agency reassessed Total for $16.2 million of income taxes owing, of which $7.1 million was previously remitted by the Company. Total will remit the remaining $9.1 million of reassessed income [...]
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, 2023. 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 08, 2024 Time: 9:00 a.m. Call: 319-4610 or 915-3239 A live webcast of the [...]
Total Energy Services Inc. is pleased to announce that its wholly owned subsidiary Savanna Energy Services Australia Pty Ltd. has entered into an agreement with SLB to acquire all of the shares of Saxon Energy Services Australia Pty Ltd. for US $37.0 million cash . The Acquisition is expected to be completed during the first quarter of 2024, subject to the satisfaction of certain conditions including the receipt of [...]
Total Energy Services Inc. announces its preliminary 2024 capital expenditure budget of $46.5 million which includes $22.4 million of expansion capital and $24.1 million for equipment maintenance and recertifications. The 2024 expansion capital budget includes $17.4 million for rig upgrades in the Contract Drilling Services and Well Servicing segments. In addition, $5.0 million of expansion capital will be directed [...]
Total Energy Services Inc. announces its consolidated financial results for the three and nine months ended September 30, 2023. Financial Highlights Three months ended September 30 Nine months ended September 30 2023 2022 Change 2023 2022 Change Revenue $ 232,016 $ 207,678 12 % $ 678,638 $ 548,334 24 % Operating income 23,691 21,622 10 % 61,112 33,738 81 % EBITDA 44,955 42,335 6 % 123,685 95,448 30 % Cashflow 40,784 [...]
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, 2023. 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: November 10, 2023 Time: 9:00 a.m. Call: 319-4610 or 915-3239 A live webcast of the [...]
Total Energy Services Inc. announces that its Board of Directors has declared a quarterly dividend of $0.08 per common share for the quarter ending September 30, 2023 on Total Energy's outstanding common shares. The dividend is payable on October 16, 2023, to shareholders of record at the close of business on September 29, 2023. The ex-dividend date is September 28, 2023. Unless otherwise indicated, all dividends paid by [...]
Total Energy Services Inc. will conduct a conference call and webcast following the release of its financial results for the three months ended June 30, 2023. 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 August 11, 2023 9:00 a.m. 319-4610 or 915-3239 A live webcast of the [...]
Total Energy Services Inc. announces that its Board of Directors has declared a quarterly dividend of $0.08 per common share for the quarter ending June 30, 2023 on Total Energy's outstanding common shares. The dividend is payable on July 17, 2023, to shareholders of record at the close of business on June 30, 2023. The ex-dividend date is June 29, 2023. Unless otherwise indicated, all dividends paid by Total Energy are [...]
Total Energy Services Inc. announces that the following matters were voted upon at the Company's annual meeting of Shareholders on May 16, 2023 . A total of 29,399,166 common shares, representing 72.1% of Total Energy'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 For Votes Withheld 1. The election of the [...]
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