Total Energy Services Inc (OTCPK:TOTZF)

Q1 2026 Total Energy Services Inc Earnings Call Transcript

May 13, 2026 / 03:00 PM GMT

Release Date Price: $18.21 (+6.94%)

Transcript

Key Points

Positve

Total Energy Services Inc (TOTZF) reported a 25% year-over-year increase in consolidated first-quarter revenue, driven by strong demand for natural gas compression and process equipment.
The company's first-quarter EBITDA increased by $4.7 million compared to the previous year, supported by improved fabrication margins and higher day rates in Australia and Canada.
Total Energy Services Inc (TOTZF) maintained a strong financial position with $113.4 million of positive working capital and $91.4 million in cash as of March 31, 2026.
The Compression and Process Services segment saw a 55% increase in revenue compared to the previous year, with a record fabrication sales backlog of $446.9 million.
The company is expanding its U.S. fabrication capacity in Weirton, West Virginia, which is expected to almost double its U.S. compression fabrication capacity by the first quarter of 2027.

Negative

The first quarter saw a $6.5 million year-over-year increase in share-based compensation expense, negatively impacting financial results.
Consolidated gross margin declined by 268 basis points compared to the previous year, partly due to a higher revenue contribution from the lower-margin CPS segment.
The RTS segment experienced a 15% decrease in revenue compared to the previous year, attributed to lower industry activity and a high fixed cost structure.
The company faced competitive pricing pressures in the U.S. market, which affected its market share and pricing environment.
Weather impacts in Australia led to reduced activity levels and lower day rates during the first quarter, affecting financial performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TOT.TO - Total Energy Services Inc
Q1 2026 Total Energy Services Inc Earnings Call
May 13, 2026 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, and thank you so much for standing by. My name is AP and I will be your conference operator today. At this time, I would like to welcome everyone to the Total Energy Services, Inc. First Quarter 2026 Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. There is no restriction on the Q&A. Thank you. And I will now like to turn the call over to Mr. Daniel Halleck, the President and CEO of Total Energy Services, Inc.

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