RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%
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Energy Stock STEP makes significant progress on debt reduction in Q2
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Highlights
TSX-listed STEP Energy Services Ltd. (TSX: STEP) provides fluid and nitrogen pumping, coiled tubing, and hydraulic fracturing solutions. The company’s modern equipment and quality execution makes it stand apart from other players in the sector.
For the June 2023 quarter, the company’s Free Cash Flow stood at CAD 34.8 million against CAD 33.2 million in Q2 2022. STEP has put CAD 14.4 million into sustaining and optimization capital equipment, completing its first Tier 4 dual fuel fleet conversion that was initiated in the last quarter of 2022.
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