CALGARY, Alberta, Jan. 08, 2021 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (“STEP”) is pleased to provide an updated outlook, and to announce that it will be attending the CIBC Western Institutional Investor Conference, held virtually January 20-22, 2021.

UPDATED OUTLOOK

STEP is pleased to provide an update on its outlook for its Canadian and U.S. operations. Heading into 2021, STEP continues to expect high utilization in the first quarter, and is now expecting its activity levels to remain high into the second quarter. STEP is well positioned to capitalize on this improving outlook, and expects to reactivate a fourth … Continue Reading

CALGARY, Alberta, Nov. 03, 2020 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2020. The following press release should be read in conjunction with the unaudited condensed consolidated interim financial statements and notes thereto as at and for the three and nine months ended September 30, 2020 (the “Financial Statements”), the MD&A dated November 3, 2020 and audited consolidated financial statements as at and for the year ended December 31, 2019 and related MD&A (the “Annual MD&A”). Readers should … Continue Reading

CALGARY, Alberta, Oct. 15, 2020 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (“STEP”) intends to release its 2020 third quarter results on Tuesday, November 3rd after markets close.

Financial Statements and Management’s Discussion and Analysis will be posted to STEP’s website and SEDAR immediately after the press release is issued.

ABOUT STEP

STEP is an oilfield service company founded in 2011 that provides fully integrated coiled tubing and fracturing solutions. STEP’s combination of modern, fit-for-purpose fracturing and coiled tubing equipment has differentiated it in plays where wells are deeper, have longer laterals, and higher pressure.

Initially operating as a specialized, … Continue Reading

CALGARY, Alberta, Aug. 13, 2020 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) (TSX:STEP) is pleased to announce its financial and operating results for the three and six months ended June 30, 2020. The following press release should be read in conjunction with the unaudited condensed consolidated interim financial statements and notes thereto as at and for the three and six months ended June 30, 2020 (the “Financial Statements”), the MD&A dated August 13, 2020 and audited consolidated financial statements as at and for the year ended December 31, 2019 and related MD&A (the “Annual … Continue Reading

CALGARY, Alberta, July 27, 2020 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (“STEP”) intends to release its 2020 second quarter results on Thursday, August 13th, 2020 after markets close.

Financial Statements and Management’s Discussion and Analysis will be posted to STEP’s website and SEDAR immediately after the press release is disseminated.

ABOUT STEP

STEP is an oilfield service company founded in 2011 that provides fully integrated coiled tubing and fracturing solutions. STEP’s combination of modern, fit-for-purpose fracturing and coiled tubing equipment has differentiated it in plays where wells are deeper, have longer laterals, and higher pressure.

Initially operating as a … Continue Reading

CALGARY, Alberta, May 21, 2020 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three months ended March 31, 2020. The following press release should be read in conjunction with the unaudited condensed consolidated interim financial statements and notes thereto as at and for the three months ended March 31, 2020 (the “Financial Statements”), the MD&A dated May 20, 2020, and audited consolidated financial statements as at and for the year ended December 31, 2019 and related MD&A (the “Annual MD&A”). Readers should also refer to the … Continue Reading

CALGARY, Alberta, May 08, 2020 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce that at its 2020 annual and special meeting of shareholders held on May 7, 2020, each of the following seven nominees were elected as directors of STEP on a vote passed by show of hands to serve until the next annual meeting of shareholders of STEP, or until their successors are elected or earlier appointed. Proxies were received on this matter as follows:

Nominee # Votes For % Votes For # Votes Withheld % Votes Withheld
Evelyn M. Angelle 43,238,468… Continue Reading

CALGARY, Alberta, May 06, 2020 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) is announcing that its filing of interim financial statements for the three months ended March 31, 2020 (the “Q1 Financial Statements”) and related management’s discussion and analysis (“MD&A”) will be postponed. STEP is also providing a further update on actions taken in response to the COVID-19 pandemic and current market and industry conditions. The following press release should be read in conjunction with the MD&A and audited consolidated financial statements as at and for the year ended December 31, 2019, and STEP’s annual information … Continue Reading

CALGARY, Alberta, April 28, 2020 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) announced today that at the 2020 annual general and special meeting of shareholders (the “Meeting”) scheduled to take place on Thursday, May 7, 2020 will now be held at 3:30 p.m. (MDT) at the head offices of the Company at Bow Valley Square II, 1200, 205-5th Avenue SW, Calgary, Alberta T2P 2V7, and will be available via audio webinar.

Interested analysts, investors and media representatives are invited to register to participate in the audio webinar. Once registered, you will receive a webinar link as … Continue Reading

CALGARY, Alberta, April 02, 2020 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) is providing an update on actions taken in response to the COVID-19 pandemic (“COVID-19”), and current market conditions.  The following press release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and audited consolidated financial statements as at and for the year ended December 31, 2019. The above documents are available on STEP’s website at www.stepenergyservices.com or on SEDAR at www.sedar.com.

STEP is responding to the rapidly deteriorating business conditions brought about by the combined impact of COVID-19 and the oil … Continue Reading

CALGARY, Alberta, March 12, 2020 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2019. The following press release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and audited consolidated financial statements as at and for the year ended December 31, 2019. The above documents are available on STEP’s website at www.stepenergyservices.com or on SEDAR at www.sedar.com. 

MESSAGE FROM THE PRESIDENT

“Our 2019 strategy recognized that continued pricing pressure for our services necessitated a reduction … Continue Reading

CALGARY, Alberta, Jan. 22, 2020 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) provides a strategic business update, announces an amendment to its credit facilities, and provides fourth quarter and year end 2019 results conference call details.

STRATEGIC BUSINESS UPDATE

STEP is pleased to provide an update on 2020 work programs for its Canadian and U.S. operations. Throughout 2019, STEP focused on executing work programs for large, blue-chip clients with active and stable work programs while broadening our client base across our different service offerings. This allowed STEP to drive utilization and increase efficiencies in our operations. … Continue Reading