05:18 PM EST, 11/13/2025 (MT Newswires) -- CES Energy Solutions ( CESDF ) Thursday reported its third-quarter net income fell but revenue advanced.

Net income fell 13% to $40.5 million, or $0.18 per share, from $46.6 million, or $0.20, in the prior-year period. The drop was driven by increased depreciation expenses on a larger fixed asset base, a statement said. Analysts polled by FactSet had expected $0.21 per share.

Revenue rose 3% to $623.2 million, beating the $611.8 million forecast. CES said the increase was driven by "strong market share positions and continued strength in service intensity."

The company will pay a quarterly dividend of $0.04 per share on Jan. 15 to the shareholders of record at the close of business on Dec. 31, 2025.

CES closed down $0.29 to $9.53 on the Toronto Stock Exchange.