Total Energy Services (TSE:TOT) reported higher first-quarter revenue and EBITDA for 2026, as strong demand for compression and process equipment and upgraded rig deployments in Australia and Canada offset weaker North American drilling and completion activity.
On a conference call reviewing results for the three months ended March 31, 2026, Vice President of Finance and Chief Financial Officer Yuliya Gorbach said consolidated revenue rose 25% year over year. The increase included CAD 58.4 million of additional revenue from the Compression and Process Services, or CPS, segment, CAD 6.1 million from the Contract Drilling Services, or CDS, segment, and CAD 2 million from Well Servicing.
