STEP Energy Services
Leads the industry in innovative, purpose-built technology and consistently delivers an Exceptional Client Experience.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
* | N/A | - | |
| Total Funding | 000k | ||
| CAD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 45 % | 84 % | (4 %) | 1 % | (5 %) | - | 3 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 10 % | 18 % | 17 % | 17 % | 16 % | 16 % | 17 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (5 %) | 10 % | 5 % | - | 4 % | 5 % | 5 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
In March 2011, three founders, Regan Davis, Bailey Epp, and Steve Glanville, launched STEP Energy Services in Calgary, Canada. They started the company with a focus on providing specialized coiled tubing and fracturing solutions for oil and natural gas wells. The business was built on delivering technical expertise and reliable service to energy producers in North America. From its inception, STEP was backed by the private equity firm ARC Financial Corp, which made a significant initial investment. This support fueled the company's early growth. STEP provides services like coiled tubing, fluid pumping, and hydraulic fracturing across major energy plays in both Canada and the United States. The company focuses on what it calls the "Exceptional Client Experience," combining skilled professionals with a modern fleet of equipment to maximize efficiency and minimize downtime. A major turning point for the company came in May 2017, when STEP Energy Services completed its initial public offering (IPO) on the Toronto Stock Exchange. The IPO raised $100 million, providing capital to reduce debt and continue its expansion. This event marked a significant milestone, transitioning the company from a private equity-backed startup to a publicly traded entity. In 2022, co-founder Steve Glanville took the helm as CEO, continuing the operational focus established by the founding team.