Secure Energy Services (TSE:SES) has released an update.
SECURE Energy Services announces a robust start to 2024 with a Q1 Adjusted EBITDA of $132 million and Discretionary Free Cash Flow of $93 million, signaling strong cash generation and solid execution across all business units. The company enhanced its capital structure through debt repayment and refinancing, boasting $264 million in cash and high liquidity for growth and shareholder returns. Additionally, plans are underway to launch a Substantial Issuer Bid, reflecting confidence in the company’s market valuation and growth trajectory.
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