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Total Energy Swings to Q4 Profit as Revenue Advances; Hikes Dividend
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Total Energy Swings to Q4 Profit as Revenue Advances; Hikes Dividend
Mar 6, 2025 2:37 PM

05:18 PM EST, 03/06/2025 (MT Newswires) -- Total Energy (TOT.TO) on Thursday after-trade reported a fourth-quarter swing to profit as revenue rose and hiked its dividend by 11%

The oilfield-service company said it earned $10 million, or $0.26 per share, compared with a loss of $7.8 million, or $0.19, in the year-prior quarter.

Revenue rose 15%, to $247 million.

The company said its results for the three months reflect "relatively stable" industry conditions in Canada and Australia and lower drilling and completion activity levels in the United States.

Total Energy will pay the increased dividend of $0.10 per share, on April 15.

The company's shares closed down $0.33 to $9.18 on the Toronto Stock Exchange.

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