STEP Energy Services Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CAD 273 million compared to CAD 107.55 million a year ago. Net income was CAD 38.06 million compared to net loss of CAD 10.58 million a year ago. Basic earnings per share from continuing operations was CAD 0.557 compared to basic loss per share from continuing operations of CAD 0.156 a year ago. Diluted earnings per share from continuing operations was CAD 0.535 compared to diluted loss per share from continuing operations of CAD 0.156 a year ago.
For the six months, sales was CAD 492.54 million compared to CAD 244.36 million a year ago. Net income was CAD 47.24 million compared to net loss of CAD 18.53 million a year ago. Basic earnings per share from continuing operations was CAD 0.692 compared to basic loss per share from continuing operations of CAD 0.272 a year ago. Diluted earnings per share from continuing operations was CAD 0.672 compared to diluted loss per share from continuing operations of CAD 0.272 a year ago.