Total Energy Services Q1 Earnings Call Highlights

1 week ago 14

MarketBeat

Sat, May 16, 2026 astatine 12:12 PM CDT 8 min read

Key Points

Interested successful Total Energy Services Inc.? Here are 5 stocks we similar better.
Total Energy Services reported a 25% year-over-year emergence successful first-quarter gross and higher EBITDA, driven chiefly by beardown request successful its Compression and Process Services conception and improved rig deployments successful Australia and Canada.
Results were held backmost by a ample summation successful share-based compensation, including CAD 6.3 cardinal of non-cash disbursal tied to a 52% emergence successful the company’s stock price; absorption said results would person been grounds quarterly financials without that charge.
The institution ended the 4th successful a net currency position with CAD 91.4 cardinal successful currency and continued to put successful growth, including rig upgrades successful Canada and Australia and an enlargement of U.S. fabrication capableness expected to astir treble output by aboriginal 2027.

Total Energy Services (TSE:TOT) reported higher first-quarter gross and EBITDA for 2026, arsenic beardown request for compression and process instrumentality and upgraded rig deployments successful Australia and Canada offset weaker North American drilling and completion activity.

On a league telephone reviewing results for the 3 months ended March 31, 2026, Vice President of Finance and Chief Financial Officer Yuliya Gorbach said consolidated gross roseate 25% twelvemonth implicit year. The summation included CAD 58.4 cardinal of further gross from the Compression and Process Services, oregon CPS, segment, CAD 6.1 cardinal from the Contract Drilling Services, oregon CDS, segment, and CAD 2 cardinal from Well Servicing.

→ McDonald's Is the Cheapest It’s Been successful Years—Does That Make It a Buy?

First-quarter EBITDA accrued by CAD 4.7 cardinal from the anterior year, driven by higher enactment and improved fabrication margins successful CPS, on with the deployment of upgraded rigs and higher time rates successful Australia and Canada, Gorbach said.

Share-Based Compensation Weighs connected Results

Gorbach said first-quarter results were negatively affected by a CAD 6.5 cardinal year-over-year summation successful share-based compensation expense, tied to a 52% summation successful the company’s stock terms during the quarter. CAD 6.3 cardinal of the CAD 6.6 cardinal successful share-based compensation disbursal recorded successful the 4th was non-cash, she said.

→ How Berkshire’s New York Times Bet Looks Today

The interaction was partially offset by a CAD 2.9 cardinal year-over-year summation successful gains connected the merchantability of property, works and equipment, pursuing the merchantability of good servicing instrumentality successful the United States successful February 2026.

President and Chief Executive Officer Daniel Halyk said the results would person represented grounds quarterly fiscal results, excluding the important non-cash share-based compensation expense.

Read Entire Article