CES Energy Solutions Corp

S&P Global Ratings has raised the outlook for CES Energy Solutions from stable to positive and affirmed the issuer credit rating and the rating on unsecured debt at B+. S&P highlights CES’ record 2025 revenue of C$2.5 billion and an adjusted EBITDA margin of 15.1%, and expects adjusted free operating cash flow of C$200–220 million for 2026–2027 with annual capex of C$100–120 million. The agency forecasts an FFO/debt ratio of around 60–65%, a debt/EBITDA ratio below 1.5x (about 1.3x), and adjusted EBITDA margins of 14–16% supported by market-share gains in North America. » Więcej na de.investing.com

CES Energy reported record revenue of C$681.51 million in Q1 2026 (+8% y/y) and increased market share to 42% in the combined US/Canada drilling and completion fluids markets. Adjusted EBITDAC rose to C$111.7 million (margin 16.4%) and earnings per share were CAD 0.24, beating expectations. The company shows a net cash position of C$226 million and available liquidity of $470 million; capital returns are being made via dividends and buybacks. Management cites higher activity, price increases, vertical integration and technological improvements as growth drivers, but warns of margin risks from rising input costs and supply-chain disruptions. » Więcej na de.investing.com

CES Energy reported record Q4 2025 results: revenue of CAD 664.5m, adjusted EBITDA of CAD 113.2m and adjusted EPS of CAD 0.32, each well above analyst estimates. For full-year 2025 the company recorded revenue of CAD 2.5bn and benefited from market share gains, higher service intensity and vertical integration; 66% of revenue came from the U.S. The balance sheet is robust with net cash of minus USD 197m (net cash) and a leverage ratio of around 1.2x, while management expects EPS of CAD 0.16 and CAD 0.19 for Q2 and Q3 2026 respectively. Analysts point to strong operational performance but warn the stock may be overvalued at current levels. » Więcej na de.investing.com