About STEP Energy Services
STEP Energy Services is a publicly listed company based in Calgary (Canada) founded in 2011, and was acquired by ARC Financial in October 2025. Multiple solutions are provided for oilfield service operations. STEP Energy Services has completed 1 acquisition, including Tucker Energy. Its chief executive, as recorded, is Regan Davis. STEP Energy Services offers products and services including Coiled Tubing and Fracturing. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services.
Company details
STEP Energy Services was established in 2011 and is based in Calgary, Canada. The oilfield services sector forms the core of its activities, where various solutions are delivered to support drilling, completion, and production processes. Operations extend across North American energy regions, with services tailored to hydraulic fracturing and coiled tubing applications. Oversight is maintained by CEO Regan Davis, ensuring alignment with industry standards.
- Headquarters Calgary, Canada
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website stepenergyservices.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by ARC Financial (Oct 2025)
- Legal Name Step Energy Services Ltd.
- Annual Revenue$663.73 M (USD)0.98as on Dec 31, 2024
- Net Profit$1.22 M (USD)-96.51as on Dec 31, 2024
- EBITDA$111.63 M (USD)-1.15as on Dec 31, 2024
- Latest Funding Round$56M (USD), Post-IPO
Mar 2018
- Investors
- Investments & Acquisitions
- Acquired byARC Financial
(Oct 2025)
Products & Services of STEP Energy Services
STEP Energy Services offers a comprehensive portfolio of products and services, including Coiled Tubing and Fracturing.
Coiled tubing services are utilized to enable reliable intervention in longer laterals for well completions and interventions.
Fracturing services are designed to enhance reservoir performance while reducing environmental footprints in energy operations.
Apps and channels of STEP Energy Services
its YouTube channel STEP Energy Services has 224 subscribers and 29 videos.
Videos from STEP Energy Services
The most watched videos on STEP Energy Services's YouTube channel, STEP Energy Services (224 subscribers). Click a video to play it here.
More on STEP Energy Services.
Funding Insights of STEP Energy Services
- Total Rounds 2
- Last Round Post-IPO — $56M
- Investors Count 1
All 2 funding rounds of STEP Energy Services with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2018 | $56M | Post-IPO | – | – | – |
| Jun 2011 | Seed | – | – |
1 investors in total: 1 institutional.
Investors in STEP Energy Services
STEP Energy Services has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include ARC Financial.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Canada's largest energy-focused private equity manager is operated. | 1989 | arcfinancial.com | Calgary, Canada |
Investor details for STEP Energy Services
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People of STEP Energy Services
21 people are tracked at STEP Energy Services (15 in leadership, 6 in board & advisors).
| Name | Role | Group |
|---|---|---|
Regan Davis | CEO | Leadership |
Christine Crawford | VP, Sustainability & Communications | Leadership |
Rory Thompson | COO | Leadership |
Tara Boucher | VP, Human Resources | Leadership |
Joshua Kane | VP, Legal & General Counsel | Leadership |
Mike Burvill | VP, Business Development & Innovation | Leadership |
Brian Clark | VP, Operations, U.S. | Leadership |
Brad McFarlane | VP, Finance, U.S. | Leadership |
Lori McLeod-Hill | VP, Finance | Leadership |
Steve Glanville | President & CEO | Leadership |
Rachel Moore | Director | Leadership |
Edward Lafehr | Director | Leadership |
Klaas Deemter | Chief Financial Officer | Leadership |
Dallas Mccauley | Vp, Operations Canada | Leadership |
Zurab Saralidze | Chief Technical Officer | Leadership |
James Harbilas | Director | Board & advisors |
Douglas C. Freel | Chair | Board & advisors |
Donna Garbutt | Director | Board & advisors |
Jason Skehar | Director | Board & advisors |
Evelyn Angelle | Director | Board & advisors |
1 more people are available in the full profile.
Complete people profiles for STEP Energy Services
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IPO & Listings of STEP Energy Services
STEP Energy Services is a publicly listed company on the TSX with ticker symbol STEP in Canada, operating in the Energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date02 May 2017
- Listed onTSX: STEP
- Listed entitySTEP Energy Services Ltd.
- Exchange sectorEnergy minerals
- ISINCA85859H1055
- Share price5.49 CAD (-0.18% on the day) · 2025-12-18
- Market capitalisation400,147,692.00 CAD
- EPS (diluted, trailing year)-0.12 CAD
- Volume (last session)6,456
- Analyst consensusNeutral
Financials of STEP Energy Services
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | 955.0M CAD | 1.8M CAD | 160.6M CAD |
| 2023 | 945.7M CAD | 50.4M CAD | 162.5M CAD |
| 2022 | 989.0M CAD | 94.8M CAD | 178.1M CAD |
| 2021 | 536.3M CAD | -28.1M CAD | 49.5M CAD |
| 2020 | 368.9M CAD | -119.4M CAD | 15.6M CAD |
Detailed financial statements for STEP Energy Services
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Investments & Acquisitions by STEP Energy Services
STEP Energy Services has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tucker Energy.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Oil and gas exploration, production, and distribution are integrated. | tuckerenergy.com | Houston, United States | 1935 | Feb 2018 | $275M |
Complete acquisition details for STEP Energy Services
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Timeline of STEP Energy Services
6 dated milestones of STEP Energy Services across 14 years, from founding to its latest funding, stage changes and deals.
- Founded STEP Energy Services is founded.
- Funding First funding round.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Tucker Energy.
- Funding Latest funding round, Post-IPO, of $56.0M.
- Exit Acquired by ARC Financial.
Web traffic of STEP Energy Services
The website of STEP Energy Services (stepenergyservices.com) receives about 4K visits a month.
- Monthly visits4K
▼ 19% vs previous month
Websites whose visitors overlap most with STEP Energy Services. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| teamsnubbing.com | 100% | View details | |||
drillingmanual.com | drillingmanual.com | 95% | #383,145 | – | |
step.ca | step.ca | 30% | #615,883 | – |
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Related news about Step Energy Services
Complete news archive for STEP Energy Services
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Frequently Asked Questions about STEP Energy Services
STEP Energy Services was founded in 2011.
STEP Energy Services is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Regan Davis is the CEO of STEP Energy Services, as recorded in our data.
Annual revenue of STEP Energy Services is $663.73M as on Dec 31, 2024.
STEP Energy Services was established in 2011 and is based in Calgary, Canada. The oilfield services sector forms the core of its activities, where various solutions are delivered to support drilling, completion, and production processes. Operations extend across North American energy regions, with services tailored to hydraulic fracturing and coiled tubing applications. Oversight is maintained by CEO Regan Davis, ensuring alignment with industry standards.
STEP Energy Services offers Coiled Tubing and Fracturing.
Yes, STEP Energy Services is publicly traded on TSX under the ticker symbol STEP.
STEP Energy Services has made 1 acquisition, including Tucker Energy.
STEP Energy Services has 1 investor. Key investors include ARC Financial.
STEP Energy Services operates through Step Energy Services.
Yes. STEP Energy Services was acquired by ARC Financial in October 2025.