CES Energy Solutions (TSE:CEU) has released an update.
CES Energy Solutions Corp. reported a record-breaking second quarter in 2024 with a 7% increase in revenue and a 29% rise in Adjusted EBITDAC, along with declaring a cash dividend of $0.030 per share. The company’s strategy of providing cutting-edge chemical solutions in a high service intensity environment has led to substantial cash flow and a reduction in total debt. CES continues to leverage its asset-light business model to deliver high-quality, technological services to its customers, managing to grow despite a lower US industry rig count.
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