Step Energy Services Ltd
TSX:STEP
Income Statement
Earnings Waterfall
Step Energy Services Ltd
Revenue
|
945.7m
CAD
|
Cost of Revenue
|
-829.6m
CAD
|
Gross Profit
|
116.1m
CAD
|
Operating Expenses
|
-38.3m
CAD
|
Operating Income
|
77.8m
CAD
|
Other Expenses
|
-27.4m
CAD
|
Net Income
|
50.4m
CAD
|
Income Statement
Step Energy Services Ltd
Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||
Revenue |
111
N/A
|
140
+26%
|
169
+21%
|
260
+53%
|
346
+33%
|
463
+34%
|
553
+19%
|
623
+13%
|
702
+13%
|
767
+9%
|
782
+2%
|
771
-1%
|
773
+0%
|
711
-8%
|
668
-6%
|
686
+3%
|
540
-21%
|
424
-22%
|
369
-13%
|
311
-16%
|
378
+21%
|
449
+19%
|
536
+19%
|
619
+15%
|
784
+27%
|
896
+14%
|
989
+10%
|
1 033
+4%
|
992
-4%
|
1 002
+1%
|
946
-6%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||
Cost of Revenue |
(120)
|
(150)
|
(178)
|
(247)
|
(314)
|
(388)
|
(449)
|
(498)
|
(585)
|
(669)
|
(717)
|
(735)
|
(737)
|
(693)
|
(662)
|
(682)
|
(564)
|
(464)
|
(412)
|
(362)
|
(406)
|
(461)
|
(525)
|
(577)
|
(704)
|
(776)
|
(841)
|
(880)
|
(842)
|
(857)
|
(830)
|
|
Gross Profit |
(9)
N/A
|
(9)
-1%
|
(9)
+2%
|
13
N/A
|
32
+152%
|
76
+138%
|
105
+38%
|
125
+19%
|
117
-6%
|
98
-17%
|
65
-34%
|
36
-44%
|
36
0%
|
18
-51%
|
7
-62%
|
4
-40%
|
(24)
N/A
|
(40)
-69%
|
(43)
-9%
|
(51)
-17%
|
(27)
+46%
|
(12)
+56%
|
11
N/A
|
42
+269%
|
81
+93%
|
120
+49%
|
148
+23%
|
153
+3%
|
150
-1%
|
145
-4%
|
116
-20%
|
|
Operating Income | ||||||||||||||||||||||||||||||||
Operating Expenses |
(15)
|
(21)
|
(16)
|
(16)
|
(19)
|
(21)
|
(22)
|
(25)
|
(30)
|
(36)
|
(43)
|
(46)
|
(47)
|
(47)
|
(42)
|
(40)
|
(35)
|
(31)
|
(30)
|
(32)
|
(36)
|
(36)
|
(35)
|
(42)
|
(50)
|
(52)
|
(57)
|
(9)
|
(39)
|
(43)
|
(38)
|
|
Selling, General & Administrative |
(13)
|
(13)
|
(15)
|
(14)
|
(17)
|
(19)
|
(21)
|
(24)
|
(28)
|
(32)
|
(37)
|
(38)
|
(39)
|
(40)
|
(35)
|
(36)
|
(31)
|
(29)
|
(28)
|
(31)
|
(34)
|
(34)
|
(34)
|
(40)
|
(49)
|
(51)
|
(56)
|
(46)
|
(38)
|
(42)
|
(37)
|
|
Depreciation & Amortization |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(4)
|
(6)
|
(7)
|
(8)
|
(8)
|
(7)
|
(5)
|
(4)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Other Operating Expenses |
0
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
38
|
0
|
0
|
0
|
|
Operating Income |
(24)
N/A
|
(30)
-25%
|
(26)
+16%
|
(3)
+87%
|
13
N/A
|
55
+333%
|
83
+51%
|
101
+22%
|
87
-13%
|
62
-29%
|
22
-65%
|
(10)
N/A
|
(11)
-16%
|
(29)
-167%
|
(35)
-18%
|
(37)
-5%
|
(58)
-60%
|
(71)
-21%
|
(73)
-4%
|
(83)
-13%
|
(63)
+24%
|
(48)
+24%
|
(24)
+50%
|
0
N/A
|
30
+9 233%
|
69
+126%
|
90
+31%
|
144
+60%
|
111
-23%
|
102
-9%
|
78
-23%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(5)
|
(8)
|
(14)
|
(14)
|
(14)
|
(15)
|
(13)
|
(17)
|
(16)
|
(14)
|
(13)
|
(9)
|
(11)
|
(11)
|
(12)
|
(13)
|
(12)
|
(12)
|
(12)
|
(13)
|
(15)
|
(12)
|
(11)
|
|
Non-Reccuring Items |
(6)
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(3)
|
(49)
|
(48)
|
(46)
|
(160)
|
(127)
|
(186)
|
(197)
|
(79)
|
(61)
|
5
|
18
|
14
|
7
|
3
|
34
|
33
|
38
|
0
|
6
|
6
|
0
|
|
Gain/Loss on Disposition of Assets |
6
|
7
|
2
|
3
|
3
|
2
|
2
|
0
|
0
|
1
|
5
|
6
|
6
|
5
|
1
|
1
|
1
|
2
|
4
|
3
|
3
|
1
|
1
|
2
|
2
|
3
|
3
|
3
|
2
|
2
|
1
|
|
Total Other Income |
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
1
|
1
|
1
|
1
|
(1)
|
(1)
|
|
Pre-Tax Income |
(25)
N/A
|
(24)
+4%
|
(25)
-4%
|
(2)
+90%
|
12
N/A
|
53
+337%
|
81
+52%
|
95
+18%
|
78
-17%
|
51
-35%
|
(37)
N/A
|
(67)
-80%
|
(67)
+1%
|
(200)
-200%
|
(175)
+13%
|
(240)
-37%
|
(272)
-13%
|
(163)
+40%
|
(145)
+11%
|
(87)
+40%
|
(56)
+36%
|
(46)
+16%
|
(31)
+34%
|
(9)
+69%
|
52
N/A
|
93
+77%
|
121
+30%
|
135
+12%
|
105
-22%
|
96
-9%
|
67
-30%
|
|
Net Income | ||||||||||||||||||||||||||||||||
Tax Provision |
3
|
3
|
5
|
0
|
(4)
|
(15)
|
(23)
|
(28)
|
(22)
|
(14)
|
(2)
|
9
|
11
|
22
|
31
|
45
|
42
|
36
|
26
|
11
|
10
|
7
|
2
|
(2)
|
(15)
|
(21)
|
(26)
|
(29)
|
(23)
|
(24)
|
(17)
|
|
Income from Continuing Operations |
(21)
|
(21)
|
(20)
|
(2)
|
8
|
38
|
58
|
67
|
56
|
37
|
(39)
|
(58)
|
(56)
|
(178)
|
(144)
|
(195)
|
(230)
|
(127)
|
(119)
|
(75)
|
(45)
|
(39)
|
(28)
|
(11)
|
38
|
72
|
95
|
105
|
82
|
72
|
50
|
|
Net Income (Common) |
(21)
N/A
|
(21)
+2%
|
(20)
+5%
|
(2)
+89%
|
8
N/A
|
38
+382%
|
58
+53%
|
67
+16%
|
56
-16%
|
37
-34%
|
(39)
N/A
|
(58)
-48%
|
(56)
+4%
|
(178)
-219%
|
(144)
+19%
|
(195)
-36%
|
(230)
-18%
|
(127)
+45%
|
(119)
+6%
|
(75)
+37%
|
(45)
+40%
|
(39)
+14%
|
(28)
+28%
|
(11)
+61%
|
38
N/A
|
72
+91%
|
95
+32%
|
105
+11%
|
82
-22%
|
72
-12%
|
50
-30%
|
|
EPS (Diluted) |
-0.35
N/A
|
-0.34
+3%
|
-0.33
+3%
|
-0.03
+91%
|
0.13
N/A
|
0.61
+369%
|
1
+64%
|
1.07
+7%
|
0.84
-21%
|
0.54
-36%
|
-0.6
N/A
|
-0.88
-47%
|
-0.84
+5%
|
-2.67
-218%
|
-2.16
+19%
|
-2.93
-36%
|
-3.41
-16%
|
-1.89
+45%
|
-1.77
+6%
|
-1.11
+37%
|
-0.67
+40%
|
-0.58
+13%
|
-0.41
+29%
|
-0.16
+61%
|
0.53
N/A
|
1
+89%
|
1.31
+31%
|
1.4
+7%
|
1.12
-20%
|
0.97
-13%
|
0.67
-31%
|