- STEP Energy expects a capital expenditure of C$78.9 million in 2025, including C$46.7 million for optimization and C$32.2 million for sustaining capital.
- The company aims to reduce its net debt to approximately $60 – $65 million by the end of Q4 2024, continuing its trend of debt reduction since 2018.
- STEP Energy’s U.S. operations have been affected by challenging market conditions.
- Despite these challenges, the company’s coiled tubing division has performed well, introducing new technology and gaining market share.
A look at Step Energy Services Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Step Energy Services, a prominent oilfield services provider in Western Canada and South Texas, boasts a strong long-term outlook driven by impressive growth prospects. Its Smartkarma Smart Score reflects its exceptional performance, with a high score of 5 for Growth. This indicates a favorable trajectory for the company’s revenue generation and expansion capabilities.
Step Energy Services‘ focus on coiled tubing and hydraulic fracturing services, along with its commitment to chemical laboratory and fluid pumping solutions, positions it well to capitalize on the growing demand within the oil and gas industry. Despite its lower scores in Value (4), Dividend (1), Resilience (2), and Momentum (5), the company’s strong fundamentals and growth potential suggest a promising outlook for investors looking for long-term returns.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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