CES Energy Solutions Corp. (CEU.TO)
Calgary, AB, CA
CES Energy Solutions Corp., headquartered in Calgary, Canada, was established in 1986. This company specializes in the development, production, and distribution of advanced consumable fluids and bespoke chemical products tailored for the energy sector. Their comprehensive chemical solutions address various stages of oil and gas operations, including the drill-bit phase, completion and stimulation processes, wellhead and pump-jack maintenance, and the pipeline and midstream segments. Key products include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control agents, surfactants, scale inhibitors, biocides, and other specialized additives. Beyond product manufacturing, CES Energy Solutions offers an array of services. They engineer and deploy custom drilling fluid systems and completion solutions for oil and gas producers. The company also produces a range of specialty chemicals for use in oil and natural gas production, fracturing operations, and the pipeline and midstream infrastructure. Furthermore, they manage their own fleet of trucks and trailers for product transportation within the industry. Complementary services include environmental consulting, water management, responsible disposal of drilling fluids waste primarily for producers, and analytical laboratory services. CES Energy Solutions caters to a diverse client base across the oil and natural gas industry, encompassing multinational producers, intermediate operators, independent junior companies, and joint ventures, as well as participants in the pipeline and midstream markets. Their primary geographic focus is Western Canada and the United States. The company officially adopted the name CES Energy Solutions Corp. in June 2017, having previously operated as Canadian Energy Services & Technology Corp.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.84% | -8.59% | -3.44% | +7.36% | +85.31% | +43.93% | +180.32% | +632.78% | +938.82% | +466.03% | +1,476.79% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 5 | 0 |
| Buy | 1 | 0 |
| Hold | 2 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Oil & Gas Equipment & Services: +6.7%+6.0% Q1'26: +7.8% (vs Q1'25)
-
EPS growth Oil & Gas Equipment & Services: +14.3%+13.6% Q1'26: +26.3% (vs Q1'25)
-
FCF margin FCF growth · Oil & Gas Equipment & Services: +40.2%+6.5% Q1'26: +6.4% (vs Q1'25)
-
EBIT margin Oil & Gas Equipment & Services: +10.9%+10.8% Q1'26: +8.3% (vs Q1'25)
-
ROIC Oil & Gas Equipment & Services: +6.7%+16.8% ★ Q1'26: +13.4% (vs Q1'25)
-
Share dilution Oil & Gas Equipment & Services: +0.3%-6.1% ★ Q1'26: -7.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Oil & Gas Equipment & Services: 0.32×1.29× Q1'26: 1.40× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2011 actual |
Dec 2012 actual |
Dec 2013 actual |
Dec 2014 actual |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 7 Rev. Ana. 6 EPS Ana. |
Dec 2027 7 Rev. Ana. 6 EPS Ana. |
Dec 2028 2 Rev. Ana. 2 EPS Ana. |
Dec 2029 1 Rev. Ana. 1 EPS Ana. |
Dec 2030 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
459.26M
est: 461.01M (-0.4%)
|
471.30M
est: 494.43M (-4.7%)
|
662.82M
est: 656.02M (+1.0%)
|
972.71M
est: 971.76M (+0.1%)
|
749.61M
est: 758.98M (-1.2%)
|
567.73M
est: 554.71M (+2.3%)
|
1.03B
est: 1.02B (+1.1%)
|
1.27B
est: 1.25B (+1.8%)
|
1.28B
est: 1.27B (+0.8%)
|
888.05M
est: 870.43M (+2.0%)
|
1.20B
est: 1.16B (+3.3%)
|
1.92B
est: 1.89B (+1.5%)
|
2.16B
est: 2.23B (-3.1%)
|
2.35B
est: 2.35B (+0.1%)
|
2.49B
est: 2.47B (+1.1%)
|
2.73B
2.62B – 2.91B
+10.8% YoY
|
2.92B
2.74B – 3.18B
+6.8% YoY
|
3.35B
3.34B – 3.35B
+14.7% YoY
|
4.10B
3.90B – 4.42B
+22.7% YoY
|
4.47B
4.24B – 4.81B
+8.9% YoY
|
| EBITDA |
73.36M
est: 70.53M (+4.0%)
|
58.72M
est: 71.96M (-18.4%)
|
97.10M
est: 68.46M (+41.8%)
|
156.56M
est: 88.47M (+77.0%)
|
-72.51M
est: 86.18M (-184.1%)
|
26.37M
est: -83.19M (+131.7%)
|
130.40M
est: -45.69M (+385.4%)
|
142.90M
est: 67.57M (+111.5%)
|
147.04M
est: 90.59M (+62.3%)
|
-178.42M
est: 60.05M (-397.1%)
|
141.86M
est: 60.18M (+135.7%)
|
230.34M
est: 79.61M (+189.3%)
|
300.59M
est: 434.72M (-30.9%)
|
355.93M
est: 456.13M (-22.0%)
|
373.77M
est: 480.41M (-22.2%)
|
532.19M
511.28M – 566.30M
+10.8% YoY
|
568.16M
533.01M – 619.23M
+6.8% YoY
|
651.67M
650.46M – 652.89M
+14.7% YoY
|
799.42M
758.73M – 861.27M
+22.7% YoY
|
870.52M
826.21M – 937.87M
+8.9% YoY
|
| EBIT |
63.91M
est: 58.50M (+9.3%)
|
47.24M
est: 69.39M (-31.9%)
|
69.44M
est: 63.02M (+10.2%)
|
114.60M
est: 104.89M (+9.3%)
|
-127.51M
est: 92.86M (-237.3%)
|
-34.84M
est: -106.85M (+67.4%)
|
52.35M
est: -58.58M (+189.4%)
|
77.74M
est: 81.05M (-4.1%)
|
70.59M
est: 74.50M (-5.2%)
|
-253.93M
est: 47.13M (-638.8%)
|
73.53M
est: 47.23M (+55.7%)
|
155.85M
est: 62.48M (+149.4%)
|
227.74M
est: 374.45M (-39.2%)
|
270.25M
est: 392.89M (-31.2%)
|
269.51M
est: 413.81M (-34.9%)
|
458.41M
440.39M – 487.78M
+10.8% YoY
|
489.38M
459.11M – 533.38M
+6.8% YoY
|
561.32M
560.27M – 562.37M
+14.7% YoY
|
688.59M
653.53M – 741.85M
+22.7% YoY
|
749.83M
711.66M – 807.83M
+8.9% YoY
|
| Net Income |
41.70M
est: 48.69M (-14.4%)
|
27.87M
est: 44.72M (-37.7%)
|
37.26M
est: 37.02M (+0.6%)
|
67.70M
est: 55.18M (+22.7%)
|
-92.28M
est: 53.77M (-271.6%)
|
-64.55M
est: -67.16M (+3.9%)
|
36.24M
est: -118.65M (+130.5%)
|
47.74M
est: 44.40M (+7.5%)
|
30.11M
est: 48.49M (-37.9%)
|
-222.90M
est: 20.10M (-1,208.9%)
|
49.88M
est: 20.15M (+147.6%)
|
95.22M
est: 26.65M (+257.3%)
|
154.64M
est: 190.35M (-18.8%)
|
191.11M
est: 184.43M (+3.6%)
|
204.72M
est: 185.30M (+10.5%)
|
228.30M
211.53M – 240.78M
+23.2% YoY
|
250.75M
232.40M – 315.72M
+9.8% YoY
|
328.24M
244.17M – 412.32M
+30.9% YoY
|
484.36M
452.31M – 533.07M
+47.6% YoY
|
586.57M
547.75M – 645.56M
+21.1% YoY
|
| SGA |
55.17M
est: 61.83M (-10.8%)
|
62.64M
est: 59.20M (+5.8%)
|
103.86M
est: 78.02M (+33.1%)
|
148.57M
est: 136.11M (+9.2%)
|
151.62M
est: 104.49M (+45.1%)
|
143.65M
est: 93.50M (+53.6%)
|
183.64M
est: 217.31M (-15.5%)
|
210.93M
est: 192.01M (+9.8%)
|
203.29M
est: 188.69M (+7.7%)
|
169.35M
est: 117.33M (+44.3%)
|
186.92M
est: 117.60M (+58.9%)
|
206.18M
est: 155.56M (+32.5%)
|
242.17M
est: 278.66M (-13.1%)
|
298.97M
est: 292.38M (+2.3%)
|
303.93M
est: 307.95M (-1.3%)
|
341.14M
327.73M – 363.00M
+10.8% YoY
|
364.19M
341.66M – 396.93M
+6.8% YoY
|
417.72M
416.94M – 418.50M
+14.7% YoY
|
512.43M
486.35M – 552.07M
+22.7% YoY
|
558.00M
529.60M – 601.17M
+8.9% YoY
|
| EPS |
0.25
est: 0.24 (+3.1%)
|
0.17
est: 0.19 (-11.2%)
|
0.20
est: 0.20 (-1.8%)
|
0.33
est: 0.33 (+0.1%)
|
-0.42
est: 0.08 (-596.4%)
|
-0.27
est: -0.24 (-13.0%)
|
0.14
est: 0.17 (-16.5%)
|
0.18
est: 0.15 (+16.2%)
|
0.11
est: 0.10 (+9.4%)
|
-0.85
est: -1.01 (+15.5%)
|
0.20
est: 0.14 (+38.4%)
|
0.37
est: 0.35 (+6.5%)
|
0.62
est: 0.80 (-22.0%)
|
0.82
est: 0.85 (-3.6%)
|
0.93
est: 0.84 (+11.2%)
|
1.04
0.95 – 1.08
+24.8% YoY
|
1.20
1.05 – 1.42
+14.9% YoY
|
1.48
1.10 – 1.86
+23.2% YoY
|
2.18
2.04 – 2.40
+47.6% YoY
|
2.64
2.47 – 2.91
+21.1% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-08 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 1/5 |
| 2026-05-07 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 1/5 |
| 2026-05-06 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 1/5 |
| 2026-05-05 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 1/5 |
| 2026-05-04 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 1/5 |
| 2026-05-01 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 1/5 |
| 2026-04-30 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 1/5 |
| 2026-04-29 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 1/5 |
| 2026-04-28 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 1/5 |
| 2026-04-27 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 1/5 |
| 2026-04-24 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-23 | B+ | 3/5 | 5/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-22 | B+ | 3/5 | 5/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-21 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-20 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-17 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-16 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 1/5 | 2/5 | 2/5 |
Owner Earnings
Ownership Overview
No beneficial ownership filings recorded.
Institutional Activity (13F)
| # | Investor | Shares / Δ | Mkt value / Δ | Own% / Δ | Weight% / Δ | Avg px / Perf. | Hold / Status |
|---|---|---|---|---|---|---|---|
| 1 | GAGNON SECURITIES LLC | 45.7K -375.0 (-0.8%) | 409.1K +98.1K (+31.6%) | 0.02% +0.000 pp | 0.08% +0.021 pp | CAD2.56 +379.3% | 29 qtrs — |
| 2 | ORG PARTNERS LLC | 101.00 +— (+0.0%) | 902.00 +222.0 (+32.6%) | 0.00% +0.000 pp | 0.00% +0.000 pp | CAD7.40 +65.8% | 7 qtrs — |
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | OneAscent International Equity ETF OAIM | 1.22% | 4.49M | 0.95% |
| 2 | iShares S&P/TSX SmallCap Index ETF XCS.TO | 1.13% | 1.93M | 0.60% |
| 3 | iShares S&P/TSX Capped Energy Index ETF XEG.TO | 0.88% | 14.77M | 0.60% |
| 4 | iShares S&P/TSX Canadian Dividend Aristocrats Index ETF CDZ.TO | 0.50% | 4.39M | 0.66% |
| 5 | iShares S&P/TSX Completion Index ETF XMD.TO | 0.35% | 1.94M | 0.60% |
| 6 | Desjardins RI Canada - Net-Zero Emissions Pathway ETF DRMC.TO | 0.26% | 189.8K | 0.15% |
| 7 | Desjardins Market Neutral ETF DANC.TO | 0.26% | 382.0K | 1.00% |
| 8 | Avantis International Small Cap Value ETF AVDV | 0.11% | 21.75M | 0.36% |
| 9 | Schwab International Small-Cap Equity ETF SCHC | 0.09% | 5.00M | 0.06% |
| 10 | Avantis International Small Cap Equity ETF AVDS | 0.09% | 279.0K | 0.30% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Kenneth E. Zinger | President, Chief Executive Officer & Director | 5M | male |
| Vernon James Disney | President of US Production Chemicals | 4M | male |
| Anthony Michael Aulicino | Executive Vice President & Chief Financial Officer | 4M | male |
| Richard L. Baxter | President Emeritus & Senior Advisor to AES Drilling Fluids, LLC | 3M | male |
| James Strickland | President of US Drilling Fluids | 2M | male |
| Michael Hallat | President of Sialco Materials Limited | 1M | male |
| Mihir Patel | President of Canadian Drilling Fluids | 757.0K | male |
| Matthew S. Bell | Director of Legal & Corporate Secretary | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for CEU.TO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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