STEP Energy Reveals Dipped 2023 Financials

Step Energy (TSE:STEP) has released an update.

STEP Energy Services Ltd. has reported a decrease in consolidated revenue from CAD 989 million in 2022 to CAD 946 million in 2023, with a notable reduction in net income from CAD 95 million in 2022 to CAD 50 million in 2023. Operational data indicates a decline in fracturing operating days and a slight increase in proppant pumped in 2023 compared to the previous year, while coiled tubing services saw a rise in operating days and active units.

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