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Home CompaniesCES Energy Solutions Corp

CES Energy Solutions Corp

Energy Oil & Gas Equipment & Services
PortfolioPortfolio WatchlistWatchlist
Company price
18.7 CAD -1.75 ( 8.56%)
Last update at 2026-11-04T20:33:00Z
VOLUME
608625
Market Cap
3696.35M
P/E
19.15

Momentum Score

…

CES Energy Solutions Corp., together with its subsidiaries, engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets. Its solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products. The company also designs and implements drilling fluid systems and completion solutions for oil and natural gas producers; designs and manufactures production and specialty chemicals for use in the oil and natural gas production; and operates trucks and trailers designed to transport products in the oil and gas industry. In addition, it provides environmental consulting, water management and transfer, and drilling fluids waste disposal services; and laboratory services. CES Energy Solutions Corp. was formerly known as Canadian Energy Services & Technology Corp. and changed its name to CES Energy Solutions Corp. in June 2017. The company was incorporated in 1986 and is headquartered in Calgary, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
18.67
Low
20.33
High
52 Week Price Range
5.65
Low
19.52
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

CES Energy Solutions is a North American oilfield services company that develops, manufactures and distributes specialty chemicals and wellsite solutions for drilling, completion and production operations. Long-term growth may be supported by demand for environmental and water-management solutions, cross-selling across an expanded product and service portfolio and geographic expansion, which appears positioned to offer recurring revenue and operational scale.

The company faces material risks from commodity-driven activity swings, competitive pressure that can compress margins, execution risk in scaling services and evolving environmental and regulatory requirements that could increase costs.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
20.45
Dividend Yield
0.97%
Revenue TTM
2494.15M
Revenue Per Share
11.37
Gross Profit TTM
590.75M
Debt / Equity
0.60
ROE
25.34%
Net Debt
481.54M
ROCE
21.24%
Diluted EPS TTM
0.92

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 256.62M 235.95M 189.57M 126.75M 52.33M
Net income 204.72M 191.11M 154.64M 95.22M 49.88M
Selling general administrative 303.93M 298.97M 242.17M 229.96M 186.92M
Selling and marketing expenses - - 122.60M - -
Gross profit 573.44M 581.08M 479.35M 396.95M 261.08M
Reconciled depreciation 104.26M 85.68M 72.84M 74.48M 67.98M
Ebit 269.50M 272.26M 227.74M 166.99M 74.16M
Ebitda 373.77M 357.94M 300.59M 238.45M 142.35M
Depreciation and amortization 104.26M 85.68M 72.84M 71.47M 68.20M
Operating income 269.50M 266.27M 223.17M 166.99M 74.16M
Other operating expenses 2224.65M 2087.41M 1940.34M 1755.33M 1122.26M
Interest expense 35.15M 36.31M 45.34M 29.10M 21.20M
Tax provision 51.90M 44.85M 34.93M 31.54M 2.45M
Interest income - 31.12M 33.56M 39.23M 23.39M
Net interest income -35.15M -36.31M -45.34M -31.45M -21.54M
Income tax expense 51.90M 44.85M 34.93M 31.54M 2.45M
Total revenue 2494.15M 2353.68M 2163.51M 1922.32M 1196.42M
Total operating expenses 303.93M 314.81M 256.18M 229.96M 186.92M
Cost of revenue 1920.72M 1772.59M 1684.16M 1525.37M 935.34M
Total other income expense net -12.88M -30.32M -33.60M -40.23M -21.82M
Net income from continuing ops 204.72M 191.11M 154.64M 95.22M 49.88M
Net income applicable to common shares - 191.11M 154.64M 95.22M 49.88M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 1617.86M 1539.33M 1377.27M 1411.00M 1087.60M
Intangible assets 41.35M 30.55M 25.99M 30.55M 33.15M
Other current assets 55.78M - 30.27M 25.24M 36.04M
Total liab 816.33M 725.10M 719.27M 801.95M 600.92M
Total stockholder equity 801.52M 814.23M 658.00M 609.05M 486.68M
Other current liab 43.76M - 8.57M 9.81M 6.17M
Common stock 372.00M - 593.00M 658.82M 658.61M
Capital stock 372.00M 502.05M 593.00M 658.82M 658.61M
Retained earnings 190.30M 22.60M -140.77M -272.08M -349.94M
Other liab - - - 6.71M 4.27M
Good will 65.32M 60.79M 53.41M 54.69M 50.53M
Other assets - - - 46.45M 60.37M
Cash - - - -59.65M -42.02M
Total current liabilities 349.26M 311.05M 298.21M 267.34M 175.76M
Current deferred revenue - - 13.54M - -
Net debt 481.54M 344.89M 463.72M 610.77M 479.23M
Short term debt 39.44M - 48.78M 23.23M 16.32M
Short long term debt - - 20.80M - -
Short long term debt total 481.54M - 463.72M 551.13M 437.20M
Other stockholder equity 36.68M - 37.46M 34.87M 33.82M
Property plant equipment - - - 345.63M 307.23M
Total current assets 999.79M 952.15M 880.77M 933.68M 619.20M
Long term investments 22.53M 20.12M 16.63M 5.40M 17.01M
Net tangible assets - - - 523.81M 403.00M
Net receivables 529.07M 369.03M 441.90M 480.30M 309.66M
Long term debt 382.30M 344.89M 369.82M 491.48M 395.18M
Inventory 414.94M 447.05M 408.60M 428.14M 273.50M
Accounts payable 266.06M 230.07M 227.32M 234.30M 153.28M
Accumulated other comprehensive income 202.54M - 168.30M 187.44M 144.18M
Non currrent assets other 22.53M - 0.00M 4.71M 1.83M
Non current assets total 618.07M 587.18M 496.49M 477.32M 468.40M
Capital lease obligations 99.24M 91.89M 73.10M 59.65M 42.02M
Long term debt total - - - 527.90M 420.89M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -95.22M -71.83M -46.79M -12.76M
Change to liabilities - - - 0.00M 0.00M
Total cashflows from investing activities -104.88M -95.22M -71.83M -46.79M -12.76M
Net borrowings -5.57M -79.51M -134.30M 71.10M 89.16M
Total cash from financing activities -180.49M -209.45M -229.95M 49.53M 68.91M
Change to operating activities - - - -197.76M -191.66M
Net income 204.72M 191.11M 154.64M 95.22M 49.88M
Change in cash 0.00M 0.00M 0.00M 0.00M -18.25M
Begin period cash flow 0.00M 0.00M 0.00M 0.00M 18.25M
End period cash flow 0.00M 0.00M 0.00M 0.00M 0.00M
Total cash from operating activities 285.37M 304.66M 301.78M -2.74M -74.41M
Depreciation 104.26M 85.68M 72.84M 74.48M 67.98M
Other cashflows from investing activities -2.60M 3.63M 1.86M 6.38M -3.25M
Dividends paid 34.81M -26.88M -22.53M 16.33M 4.08M
Sale purchase of stock -140.11M -103.06M -70.94M -5.24M -16.17M
Other cashflows from financing activities -43.56M -34.27M -2.18M 95.30M 109.51M
Change to netincome - - - 25.32M -0.61M
Capital expenditures 86.17M 93.11M 73.90M 53.17M 27.42M
Change in working capital -39.03M 11.65M 50.13M -197.76M -191.66M
Stock based compensation 9.33M 11.71M 9.73M 6.34M 7.17M
Other non cash items -2.55M -4.61M -4.86M -5.62M -5.94M
Free cash flow 199.21M 211.55M 227.88M -55.91M -101.83M

Peer Comparison*

Sector: Energy Industry: Oil & Gas Equipment & Services

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
CEU
CES Energy Solutions Corp		 -1.75
8.56%		 18.70 19.15 17.92 1.48 4.60 1.67 10.57
EFX
Enerflex Ltd.		 -4.31
13.18%		 28.40 44.54 15.80 1.50 2.60 1.33 8.44
TVK
Terravest Capital Inc		 -3.58
3.24%		 107.04 32.39 57.14 1.91 4.02 2.52 11.60
TCW
Trican Well Service Ltd.		 -0.26
4.03%		 6.19 11.28 10.49 1.23 1.92 1.31 5.99
PSI
Pason Systems Inc.		 -0.31
2.23%		 13.58 18.62 15.02 2.34 2.03 2.22 6.51

Profile*

CES Energy Solutions Corp

CES Energy Solutions Corp., together with its subsidiaries, engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets. Its solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products. The company also designs and implements drilling fluid systems and completion solutions for oil and natural gas producers; designs and manufactures production and specialty chemicals for use in the oil and natural gas production; and operates trucks and trailers designed to transport products in the oil and gas industry. In addition, it provides environmental consulting, water management and transfer, and drilling fluids waste disposal services; and laboratory services. CES Energy Solutions Corp. was formerly known as Canadian Energy Services & Technology Corp. and changed its name to CES Energy Solutions Corp. in June 2017. The company was incorporated in 1986 and is headquartered in Calgary, Canada.

332-6th Avenue SW, Calgary, AB, Canada, T2P 0B2

403 269 2800

https://www.cesenergysolutions.com

2707

Name Title Year Born
Mr. Anthony Michael Aulicino Chief Financial Officer NA
Mr. Kenneth E. Zinger Pres, CEO, Pres of Canadian Operations & Director NA
Mr. Vernon James Disney Pres of US Production Chemicals NA
Richard L. Baxter Pres of US Drilling Fluids NA
Mr. Matthew S. Bell Corp. Sec. & Legal Counsel NA
Mr. Kenneth E. Zinger President, CEO, President of Canadian Operations & Director 1967
Mr. Richard L. Baxter President Emeritus & Senior Advisor to AES Drilling Fluids, LLC NA
Mr. Vernon James Disney President of US Production Chemicals NA
Mihir Patel President of Canadian Drilling Fluids NA
Mr. Matthew S. Bell Director of Legal & Corporate Secretary NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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