STEP Energy Services Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 232.07 million compared to CAD 273 million a year ago. Net income was CAD 15.27 million compared to CAD 38.06 million a year ago. Basic earnings per share from continuing operations was CAD 0.21 compared to CAD 0.56 a year ago. Diluted earnings per share from continuing operations was CAD 0.21 compared to CAD 0.54 a year ago.
For the six months, sales was CAD 495.44 million compared to CAD 492.54 million a year ago. Net income was CAD 34.93 million compared to CAD 47.24 million a year ago. Basic earnings per share from continuing operations was CAD 0.49 compared to CAD 0.69 a year ago. Diluted earnings per share from continuing operations was CAD 0.47 compared to CAD 0.67 a year ago.