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Total Energy Services Posts Record 2023 Results
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Total Energy Services Posts Record 2023 Results

Royal Helium Ltd. (TSE:RHC) has released an update.

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Total Energy Services Inc. reported a strong financial performance for Q4 and the full year of 2023, with record consolidated results despite a $26.8 million hit due to a tax court ruling. Revenue grew by 17% year-over-year to $892.4 million, and operating income surged by 71%. The company saw market share gains in North America and a steady industry environment, although there was a decline in Australian service rig activity.

For further insights into TSE:RHC stock, check out TipRanks’ Stock Analysis page.

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