STEP Energy Services

Calgary, Canada Founded: 2011 • Age: 15 yrs Acquired By ARC Financial
Multiple solutions are provided for oilfield service operations.
Annual revenue $663.7M Latest available
Total funding - 2 rounds
Employees - Tracked headcount
Investors 1 Known backers
Products 2 Services tracked
Competitors - Brand Intelligence

About STEP Energy Services

STEP Energy Services is a company based in Calgary (Canada) founded in 2011 was acquired by ARC Financial in October 2025. STEP Energy Services has completed 1 acquisition, including Tucker Energy. STEP Energy Services offers products and services including Coiled Tubing and Fracturing.

  • Headquarter Calgary, Canada
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Step Energy Services Ltd.
Operational Areas
Industrial Goods & Manufacturing → Contract & Custom Manufacturing Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $663.73 M (USD)
    0.98
    as on Dec 31, 2024
  • Net Profit
    $1.22 M (USD)
    -96.51
    as on Dec 31, 2024
  • EBITDA
    $111.63 M (USD)
    -1.15
    as on Dec 31, 2024
  • Latest Funding Round
    $56 M (USD), Post-IPO

    Mar 15, 2018

  • Investors
  • Employee Count
    Not available
  • Investments & Acquisitions
  • Acquired by
    ARC Financial

    (Oct 17, 2025)

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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.

Exchange: TSX · Ticker: STEP · Sector: Energy minerals · Canada

Products & Services of STEP Energy Services

STEP Energy Services offers a comprehensive portfolio of products and services, including Coiled Tubing and Fracturing.

Product name locked
Category locked
Primary

Coiled tubing services are utilized to enable reliable intervention in longer laterals for well completions and interventions.

Product name locked
Category locked
Locked

Fracturing services are designed to enhance reservoir performance while reducing environmental footprints in energy operations.

People of STEP Energy Services

Headcount 500-1000
Employee Profiles 15
Board Members and Advisors 6
Employee Profiles
People
Rory Thompson
COO
People
Tara Boucher
VP, Human Resources
People
Joshua Kane
VP, Legal & General Counsel
People
Mike Burvill
VP, Business Development & Innovation

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Board Members and Advisors
people
James Harbilas
Director
people
Douglas C. Freel
Chair
people
Donna Garbutt
Director
people
Jason Skehar
Director

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Funding Insights of STEP Energy Services

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.

All
Venture Fund
Investor Description Founded Year Domain Location
Canada's largest energy-focused private equity manager is operated.
Locked Locked Locked
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Investor details for STEP Energy Services

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

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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.

Investments
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Investment portfolio details for STEP Energy Services

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  • Transaction dates
  • Round details
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Acquisitions
Company Name Description Domain Location Founded Year Amount
Oil and gas exploration, production, and distribution are integrated.
Locked Locked 1935 Locked
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Complete acquisition details for STEP Energy Services

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  • Acquired stakes
  • Disclosed values
  • Domains and locations

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Financial Statements - STEP Energy Services

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Detailed financials for STEP Energy Services

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  • Profit trends
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Step Energy Services Comparisons

STEP Energy Services Primary company
Description
Multiple solutions are provided for oilfield service operati...
Location
Calgary, Canada
Founded Year
2011
Annual Revenue
$663.73 M (USD)
Net Profit
$1.22 M (USD)
EBITDA
$111.63 M (USD)
Employees
Not available
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Peer comparison for STEP Energy Services

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Competitors of STEP Energy Services

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Detailed competitors of STEP Energy Services

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Latest news on Step Energy Services

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Complete news archive for STEP Energy Services

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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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 current CEO of STEP Energy Services.

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.

The ticker symbol of STEP Energy Services is STEP on TSX.

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