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CES Energy Solutions Corp (CESDF)
OTHER OTC:CESDF
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.14Last Year’s EPS
0.16Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: 5.00%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
CES Energy Solutions Corp. reported strong financial results with record-breaking revenue and EBITDA, increased market share, and a substantial dividend increase. However, challenges such as margin degradation in drilling fluids, currency and tariff issues, and a working capital build were noted. Despite these challenges, the company's strategic actions and strong financial performance contributed to a predominantly positive outlook.Company Guidance
During the CES Energy Solutions Corp. Fourth Quarter 2024 Results Conference Call, key financial metrics and guidance for 2025 were highlighted. The company reported its second best quarterly revenue of $605.4 million, a 9.5% increase from the previous year, and a record quarterly EBITDA of $103.2 million, up 22% year-over-year. The EBITDA margin improved to 17.1% from 15.3% in Q4 2023. CES repurchased 10.6 million shares under its NCIB plan, representing 55% of the current program, and generated $34.6 million in free cash flow for the quarter. The company plans a 42.5% increase in quarterly dividends to $0.0425 per share. Looking ahead, CES anticipates $80 million in CapEx for 2025, with a focus on strategic acquisitions and maintaining a debt-to-EBITDAC ratio of 1x to 1.5x. The company holds a leading 27.7% market share in the North American rig market and expects continued growth in the U.S. and Canadian divisions. Despite challenges from tariffs and currency fluctuations, CES remains resilient, with plans to adjust pricing and production as needed.Second Best Quarterly Revenue
CES Energy Solutions Corp. reported $605.4 million in revenue for Q4 2024, which is 9.5% higher than Q4 of last year and just $1 million lower than their quarterly record.
Record-Breaking EBITDA
The company achieved an all-time record quarterly EBITDA of $103.2 million, marking a 22% increase compared to last year's Q4.
EBITDA Margin Improvement
The EBITDA margin improved to 17.1% in Q4 2024, up from 15.3% in Q4 2023.
Increased Market Share in North America
CES reached an industry-leading North American rig market share of over 27.7%, its highest ever in the North American land market.
Significant Share Repurchase
CES repurchased 10.6 million shares of the 19.2 million shares allowed under the current NCIB plan, representing 55% of the program.
Dividend Increase
The company announced a 42.5% increase in its quarterly dividend to $0.0425 per share from $0.03 per share.
Strong Free Cash Flow
CES reported a free cash flow of $34.6 million during the quarter and $186.9 million during 2024.
Increased Employee Count
The total number of employees at CES increased by 294 (or approximately 13%) over the year, reflecting growth.
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CESDF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CESDF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $5.00 | $4.84 | -3.20% |
| Nov 06, 2024 | $6.07 | $6.72 | +10.71% |
| Aug 08, 2024 | $5.43 | $5.54 | +2.03% |
| May 08, 2024 | $4.25 | $4.67 | +9.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CES Energy Solutions Corp (CESDF) report earnings?
CES Energy Solutions Corp (CESDF) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is CES Energy Solutions Corp (CESDF) earnings time?
CES Energy Solutions Corp (CESDF) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CESDF EPS forecast?
CESDF EPS forecast for the fiscal quarter 2025 (Q1) is 0.14.
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