CES Energy Solutions Q1 2023 Earnings Report

CES Energy Solutions EPS Results

• Actual EPS: C$0.13
• Consensus EPS: C$0.14
• Beat/Miss: Missed by -C$0.01
• One Year Ago EPS: N/A

CES Energy Solutions Revenue Results

• Actual Revenue: $557.70 million
• Expected Revenue: $555.08 million
• Beat/Miss: Beat by +$2.62 million
• YoY Revenue Growth: N/A

CES Energy Solutions Announcement Details

• Quarter: Q1 2023
• Date: 5/11/2023
• Time: N/A

CES Energy Solutions (TSE:CEU), together with its subsidiaries, engages in design, implement, 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 industrial markets; designs, blends, and sells specialty drilling fluids; designs, blends, and sells simulation and production chemicals for oil and gas producers; and operates trucks and trailers to transport drilling fluids to operators in the oil and gas industry. In addition, it provides environmental consulting, water management and transfer services, and drilling fluids waste disposal services; and laboratory services. The company was formerly known as Canadian Energy Services & Technology Corp. and changed its name to CES Energy Solutions Corp. in June 2017. CES Energy Solutions Corp. was incorporated in 1986 and is headquartered in Calgary, Canada.