Total Energy Services Inc. (TOT) Earnings Call Transcripts

Total Energy Services Inc.'s Latest Earnings Call - Q1 FY2026

Total Energy Services Inc. reported strong first quarter 2026 results, with consolidated revenue increasing by 25% year-over-year to $XXX million, driven primarily by robust demand in the Compression and Process Services (CPS) segment. EBITDA also saw a rise of $4.7 million, although results were impacted by a significant $6.5 million increase in share-based compensation due to a 52% rise in the company's share price. Management maintained a positive outlook, indicating that ongoing investments and operational improvements position the company well for future growth, particularly in the U.S. and Australian markets.

Reported metrics

Guidance from management

Management expects continued strong demand in the CPS segment and anticipates a ramp-up in U.S. drilling activity. They indicated that post breakup, Total's active Canadian drilling rig count will exceed last year.

What management said

Thank you, and good morning. Present with me is Yuliya Gorbach, Total's VP Finance and CFO. We will review with you Total's financial and operating highlights for the 3 months ended March 31, 2026. We will then provide an outlook for our business and open up the phone lines for any questions. Yuliya, please go ahead.

So first quarter is typical was pretty wet, particularly we saw in the Cooper Basin where a lot of our heavier rigs were shut down, put on standby for pretty extended periods of time. So definitely, that had an impact on the financial performance of Q1, but that's pretty typical, Tim. So as we come out of the wet season, everything else being equal, you should see better performance as we go back to full operating ra...

What analysts pressed on

Analysts expressed concerns about the impact of weather on Australian activity levels and the competitive pricing environment in the U.S. They also inquired about potential reactivation costs as drilling activity increases, indicating a cautious outlook on cost management.

Main topics on the call

• Revenue Growth — Total Energy's consolidated revenue increased by 25% year-over-year, attributed to a $58.4 million rise in CPS segment revenue. Management stated, "the substantial investment we have made over the past 2 years... continu...
• EBITDA Performance — First quarter EBITDA rose by $4.7 million compared to 2025, driven by increased activity and improved margins in the CPS segment. However, management noted that results were negatively impacted by a significant rise in s...
• CPS Segment Strength — The CPS segment revenue surged by 55% year-over-year, reflecting strong demand for fabrication and service activities. Management highlighted, "the record fabrication sales log of $446.9 million... provides visibility we...
• U.S. Market Recovery — Management indicated signs of improvement in the U.S. market, with the active drilling rig count increasing to 4. They noted, "inquiries to put additional rigs back to work have increased significantly over the past few ...

Read the full Total Energy Services Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 Total Energy Services Inc. earnings call transcripts on record, spanning March 13, 2020 to May 13, 2026. Based on this history, Total Energy Services Inc. reports quarterly. The most recent call on file is dated May 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TOT

Exchange

TSX

Country

CA

Sector

Energy

Industry

Energy Equipment and Services

Calls on record

26

First call

March 13, 2020

Most recent

May 13, 2026

Reporting cadence

quarterly