STEP Energy Services Ltd.

STEP Energy Services Ltd.

STEP Energy Services Ltd.

Overview
Date Founded

2011

Headquarters

Bow Valley Square II,205-5th Avenue SW,Suite 1200,Calgary, AB T2P 2V7

Type of Company

Public

Employees (Worldwide)

501 - 1,000

Industries

Oil & Gas
Other Business & Consulting Services
Power & Utilities

Company Description

STEP Energy Services Ltd. engages in the provision of specialized and fully integrated coiled tubing and fracturing solutions to service oil and natural gas wells. The firm also offers Step-Plex, chemical lab, fluid pumping and nitrogen pumping solutions. It operates through the following segments: Canadian Operations and U.S. Operations. The company was founded by Regan Davis, Bailey Epp, and Steve Glanville on March 25, 2011 and is headquartered in Calgary, Canada.

Executives & Employees

Co-Founder

Chief Operating Officer, Vice President & Co-Founder

Chief Financial Officer & Executive Vice President

Vice President, Legal & General Counsel

President, US Operations

President-Canada Operations

Vice President-Business Development & Innovation

Vice President, Sales & Engineering

Vice President, Finance

Vice President, Fracturing & Cased-Hole Wireline Services-US

Board of Directors

Managing Director, Oilfield Service at ARC Financial Corp.

Chief Financial Officer & Executive Vice President at BJ Services LLC

Executive Vice President & Chief Financial Officer at AltaGas Ltd.

Co-Founder at STEP Energy Services Ltd.

Former President, Chief Executive Officer & Director at Bonavista Energy Corp.

Managing Partner at Pillarfour Capital, Inc.

Senior Investment Analyst at ARC Financial Corp.

Senior Vice President at Bureau Veritas Canada (2019), Inc.

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Recent Transactions
Details Hidden

STEP Energy Services Ltd. purchases Tucker Energy Services Holdings, Inc.

Details Hidden

STEP Energy Services Ltd. issued CAD Subscription Receipts

Details Hidden

STEP Energy Services Ltd. issued CAD Common Shares - Bought Deal

Transaction Advisors
Underwriter

Advised onSTEP Energy Services Ltd. issued CAD Common Stock

Underwriter

Advised onSTEP Energy Services Ltd. issued CAD Common Stock

Underwriter

Advised onSTEP Energy Services Ltd. issued CAD Common Stock

Key Stats and Financials As of 2020
Market Capitalization
$80.6M
Total Enterprise Value
$207M
Earnings Per Share
$-1.37
EBITDAMargin
4.22%
Enterprise Value / Sales
0.73x
Enterprise Value EBITDAOperating
17.27x
TEVNet Income
-2.25x
Debt TEV
0.82x
Three Year Compounded Annual Growth Rate Of Revenue
-12.63%
Revenue
$285M
Net Profit
$-92M
EBITDA
$12M
Total Debt
$170M
Total Equity
$158M
Non-Profit Donations & Grants
Investors
Details Hidden

ARC Financial invests in growth focused energy companies located in Canada. The firm targets companies operating in the fields of energy, upstream and oilfield service sectors. It provides financing for early and growth stage capital requirements with an investment size ranging from $50 million to $200 million.

Competitors
Halliburton Company Oil & Gas - Houston, Texas

Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development and production of oil and natural gas. It operates through the following segments: Completion and Production and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation and wellbore placement solutions that enable customers to model, measure and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX.

Schlumberger Ltd. Oil & Gas - Houston, TX

Corporate profile: Schlumberger Knowledge, technical innovation and teamwork are at the center of who we are. For more than 80 years, we have focused on leveraging these assets to deliver solutions that improve customer performance. Today, our real-time technology services and solutions enable customers to translate acquired data into useful information, then transform this information into knowledge for improved decision making-anytime, anywhere. Harnessing information technology in this way offers enormous opportunities to enhance efficiency and productivity. This is a quantum leap from providing traditional 'just-in-case' information to delivering 'just-in-time' knowledge that meets the changing needs of our customers

Key Energy Services, Inc. Oil & Gas - Houston, TX

Key Energy Services, Inc. engages in the provision of onshore energy production services. It operates through the following segments: Rig Services; Fishing and Rental Services; Coiled Tubing Services; Fluid Management Services. The The Rig Services segment includes the completion of newly drilled wells, work over, and recompletion of existing oil and natural gas wells, well maintenance, and the plugging and abandonment of wells. The Fishing and Rental Services segment provides drilling and workover services. The Coiled Tubing Services segment offers use of a continuous metal pipe spooled onto a large reel which is then deployed into oil and natural gas wells. The Fluid Management Services segment covers the provision of transportation and well-site storage services for fluids utilized in connection with drilling, completions, work over, and maintenance activities. The company was founded in April 1977 and is headquartered in Houston, TX.

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