Step Energy (TSE:STEP) has released an update.
STEP Energy Services Ltd. has reported a robust financial performance for the first quarter of 2024, with a notable increase in consolidated revenue to $320.146 million and a more than doubling of its net income to $41.357 million compared to the prior year. The company also saw significant gains in both adjusted EBITDA and free cash flow, signaling a strong start to the year. Operational enhancements are evident too, with increased fracturing days and proppant volumes, alongside growth in their dual fuel horsepower capabilities.
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