adminSTEP Energy Services Ltd. (OTCPK:SNVVF) Q2 2025 Earnings Conference Call August 7, 2025 11:00 AM ET
Company Participants
Klaas Deemter – Chief Financial Officer
Stephen Glanville – President, CEO & Director
Conference Call Participants
Josef I. Schachter – Schachter Energy Research Services Inc.
Waqar Mustafa Syed – ATB Capital Markets Inc., Research Division
Operator
Good morning, ladies and gentlemen, and welcome to the STEP Energy Services Q2 2025 Conference Call and webcast. [Operator Instructions] This call is being recorded on Thursday, August 7, 2025. I would now like to turn the conference over to Steve Glanville. Please go ahead.
Stephen Glanville
Thank you, and good morning. We welcome you to our Q2 2025 conference call where we will review our second quarter performance and discuss our perspectives for the remainder of the year. To begin, I’ll hand things over to our Chief Financial Officer, Klaas Deemter who will walk you through the financial highlights for Q2. After that, I’ll share insights into our operational performance during the second quarter and touch on our expectations as we continue through 2025. Following his remarks, we’ll open the floor to your questions. Over to you, Klaas.
Klaas Deemter
Thanks, Steve, and good morning, everyone. My comments today will include forward-looking statements regarding STEP’s future results and prospects. Please note that these forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause our results to differ materially from our expectations. For more information on the forward-looking statements and these risk factors, please refer to our SEDAR+ filings for this quarter as well as our 2024 AIF.
Finally, please note that all numbers are in Canadian dollars and around where possible. STEP’s Q2 consolidated revenues decreased to $228 million from the prior quarter’s revenue of $308 million. This large quarter-over-quarter swing is typical
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