Overview

* CES Energy Q2 2025 revenue hits record CAD 574 mln, beating estimates

* Adjusted EBITDAC down 8% yr/yr due to lower activity in Canada

* Co completes acquisition of Fossil Fluids LLC to enhance operations

Outlook

* CES expects 2025 capital expenditures of C$80 mln

* CES expects to benefit from secular trends in upstream activity

* Company highlights resilience due to US revenue and flexible supply chain

Result Drivers

* SERVICE INTENSITY - CES attributes revenue growth to strong service intensity despite lower rig counts in US and Canada

* MARKET SHARE - Increased market share in US and Canada contributed to record revenue, per company statement

* CHEMICAL SOLUTIONS - Mission critical chemical solutions provided by CES enabled customers to succeed in complex drilling environments

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat C$574 C$572.90

Revenue mln mln (6

Analysts

)

Q2 EPS C$0.23

Q2 Net C$51.80

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil related services and equipment peer group is "buy"

* Wall Street's median 12-month price target for CES Energy Solutions Corp ( CESDF ) is C$9.25, about 21.5% above its August 6 closing price of C$7.26

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)