STEP Energy Services Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 255.24 million compared to CAD 245.09 million a year ago. Net income was CAD 20.73 million compared to CAD 30.85 million a year ago. Basic earnings per share from continuing operations was CAD 0.29 compared to CAD 0.45 a year ago. Diluted earnings per share from continuing operations was CAD 0.28 compared to CAD 0.43 a year ago.
For the nine months, sales was CAD 750.68 million compared to CAD 737.62 million a year ago. Net income was CAD 55.66 million compared to CAD 78.09 million a year ago. Basic earnings per share from continuing operations was CAD 0.77 compared to CAD 1.14 a year ago. Diluted earnings per share from continuing operations was CAD 0.74 compared to CAD 1.09 a year ago.