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STEP Energy Services Reports 2024 Financial Results Amid Revenue Decline

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STEP Energy Services Reports 2024 Financial Results Amid Revenue Decline

The latest update is out from STEP Energy Services ( (TSE:STEP) ).

STEP Energy Services Ltd. reported its financial results for the fourth quarter and full year of 2024, showing a decline in revenue and net income compared to previous years. Despite the challenges, the company maintained a stable operational performance with significant proppant pumped and consistent coiled tubing services, indicating resilience in its service capabilities.

More about STEP Energy Services

STEP Energy Services Ltd. operates in the oilfield services industry, providing fracturing and coiled tubing services. The company focuses on delivering efficient and innovative solutions to enhance oil and gas extraction processes.

YTD Price Performance: -2.61%

Average Trading Volume: 118,914

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$296.3M

For detailed information about STEP stock, go to TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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