CALGARY, Alberta, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (“Total Energy”) (TSX:TOT) will conduct a conference call and webcast following the release of its financial results for the three months ended December 31, 2025. The financial results will be released prior to the conference call. Daniel Halyk, President and CEO will host the call. Open to:Shareholders and other interested personsDate:March 11, 2026Time:9:00 a.m. (Mountain Time)Call:(800) 715-9871 or (647) 932-3411 A live webca ...

Core Insights - United Rentals (URI) reported revenue of $4.21 billion for the quarter ended December 2025, reflecting a year-over-year increase of 2.8% but a revenue surprise of -1.14% compared to the Zacks Consensus Estimate of $4.26 billion [1] - The earnings per share (EPS) for the quarter was $11.09, down from $11.59 in the same quarter last year, with an EPS surprise of -6.84% against the consensus estimate of $11.90 [1] Revenue Breakdown - Equipment rentals generated $3.58 billion, slightly below the average estimate of $3.59 billion, marking a year-over-year increase of 4.7% [4] - Sales of rental equipment totaled $386 million, significantly lower than the estimated $417.06 million, representing a year-over-year decline of 14.6% [4] - Service and other revenues were reported at $90 million, in line with the estimate of $90.88 million, showing a year-over-year increase of 4.7% [4] - Contractor supplies sales reached $43 million, exceeding the estimate of $40.63 million, with a year-over-year growth of 10.3% [4] - Sales of new equipment amounted to $108 million, surpassing the estimate of $104.26 million, reflecting a year-over-year increase of 12.5% [4] Gross Margin Analysis - Gross margin for equipment rentals was $1.35 billion, below the estimated $1.44 billion [4] - Gross margin from sales of rental equipment was $175 million, compared to the average estimate of $180.01 million [4] - Gross margin for sales of new equipment was $22 million, slightly above the estimate of $20.1 million [4] - Gross margin from contractor supplies sales was $16 million, exceeding the estimate of $15.47 million [4] - Gross margin for service and other revenues was $31 million, below the estimate of $32.57 million [4] - Gross margin by revenue for general rentals was $869 million, lower than the estimate of $899.66 million [4] - Gross margin by revenue for specialty rentals was $477 million, significantly below the estimate of $570.75 million [4] Stock Performance - Shares of United Rentals have returned +11% over the past month, outperforming the Zacks S&P 500 composite, which saw a change of +0.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Group 1 - Caterpillar Inc. is considered one of the best long-term stocks to buy, with hedge funds showing strong interest [1] - Citi analysts raised Caterpillar's price target to $690 from $670, maintaining a Buy rating due to positive outlook in the machinery sector [1] - Truist Securities also reiterated a Buy rating, highlighting a strong backlog for power generation applications reaching $40 billion [2] Group 2 - Caterpillar has announced it will maintain its quarterly dividend at $1.51 per share, reflecting its commitment to shareholder value [3] - The dividend will be paid on February 19 to shareholders of record as of January 20, 2026, representing an annual yield of 1.02% [3] - Caterpillar is the world's leading manufacturer of construction and mining equipment, providing heavy machinery, power systems, and digital solutions across various industries [4]

Core Viewpoint - Total Energy Services Inc. has announced a normal course issuer bid to repurchase shares, which is expected to enhance shareholder value by increasing their equity stake in the company [1][4]. Group 1: Normal Course Issuer Bid Details - The normal course issuer bid will commence on October 21, 2025, and will expire on October 20, 2026, with the Toronto Stock Exchange having accepted the notice [1]. - Total Energy may purchase up to 1,841,300 shares, which is 5% of the total outstanding shares as of October 16, 2025, with a maximum daily purchase limit of 12,837 shares based on the average daily trading volume [2]. Group 2: Previous Share Buyback Performance - In the previous normal course issuer bid that ended on October 20, 2025, Total Energy purchased 1,679,360 shares at an average price of $11.33 per share, representing 88% of the authorized shares for repurchase [3]. Group 3: Financial Stewardship and Shareholder Value - Total Energy has returned approximately $360 million to its shareholders through dividends, distributions, and share buybacks, including $6.66 per share in dividends and distributions [4]. - The company views the current market conditions as favorable for share repurchases, which is anticipated to benefit remaining shareholders by increasing their equity investment in Total Energy [4]. Group 4: Company Overview - Total Energy is headquartered in Calgary, Alberta, and provides various services including contract drilling, equipment rentals, and well servicing to the energy and resource industries in North America and Australia [5].

Core Viewpoint - Total Energy Services Inc. has successfully extended its $170 million revolving syndicated bank credit facilities to January 10, 2029, with no changes to the terms and conditions of the facility [1]. Company Overview - Total Energy Services Inc. is headquartered in Calgary, Alberta, and provides a range of services including contract drilling, equipment rentals, transportation services, well servicing, and compression and process equipment to the energy and other resource industries [2]. - The company's common shares are listed on the TSX under the symbol "TOT" [2].

Core Insights - United Rentals reported revenue of $3.94 billion for the quarter ended June 2025, reflecting a 4.5% increase year-over-year, and EPS of $10.47, slightly down from $10.70 in the previous year [1] - The revenue exceeded the Zacks Consensus Estimate of $3.91 billion by 0.86%, while the EPS fell short of the consensus estimate of $10.54 by 0.66% [1] Revenue Breakdown - Equipment rentals generated $3.42 billion, surpassing the average estimate of $3.34 billion, marking a 6.2% year-over-year increase [4] - Sales of rental equipment totaled $317 million, below the average estimate of $358.01 million, representing a 13.2% decline year-over-year [4] - Service and other revenues reached $95 million, slightly below the average estimate of $96.27 million, with a year-over-year increase of 5.6% [4] - Contractor supplies sales amounted to $41 million, slightly below the average estimate of $41.45 million, reflecting a 2.4% decrease year-over-year [4] - Sales of new equipment were $75 million, exceeding the average estimate of $66.89 million, with a significant year-over-year increase of 23% [4] Gross Margin Analysis - Gross margin from sales of rental equipment was $146 million, below the average estimate of $161.38 million [4] - Gross margin from contractor supplies sales was $13 million, slightly above the average estimate of $12.76 million [4] - Gross margin from equipment rentals was $1.32 billion, in line with the average estimate of $1.3 billion [4] - Gross margin from service and other revenues was $39 million, exceeding the average estimate of $37.63 million [4] - Gross margin from sales of new equipment was $14 million, above the average estimate of $12.41 million [4] - Specialty equipment rentals gross margin was $525 million, surpassing the average estimate of $492.48 million [4] - General rentals gross margin was $796 million, slightly below the average estimate of $809.41 million [4] Stock Performance - United Rentals shares have returned +6.8% over the past month, outperforming the Zacks S&P 500 composite's +5.9% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Company Overview - Total Energy Services Inc. is headquartered in Calgary, Alberta, and provides contract drilling services, equipment rentals, transportation services, well servicing, and compression and process equipment and service to the energy and other resource industries from operation centers in North America and Australia [4]. Financial Results Announcement - Total Energy will conduct a conference call and webcast following the release of its financial results for the three months ended June 30, 2025 [1]. - The financial results will be released prior to the conference call, which is scheduled for August 6, 2025, at 9:00 a.m. (Mountain Time) [2]. Access to Conference Call - The conference call can be accessed by dialing (833) 752-3851 or (647) 846-8915 [2]. - A live webcast of the conference call will be available on Total Energy's website, and an archived version will be accessible shortly after the live event [3]. Contact Information - For further information, inquiries can be directed to Yuliya Gorbach, Vice-President Finance and Chief Financial Officer, at (403) 216-3920 or via email at investorrelations@totalenergy.ca [5].

Core Points - Total Energy Services Inc. has announced the acquisition of a fleet of surface rental equipment in Oklahoma for U.S. $6.4 million, paid with cash on hand [1] - The acquisition includes approximately 280 pieces of rental equipment and a substantial inventory of ancillary equipment, marking a 30% increase in the Rentals and Transportation Services segment's U.S. fleet [2] - Total Energy provides various services including contract drilling, equipment rentals, transportation services, well servicing, and compression and process equipment to the energy and resource industries [3]

Core Points - Total Energy Services Inc. held its annual meeting of shareholders on May 13, 2025, with 25,209,233 common shares represented, accounting for 66.3% of the issued and outstanding shares [1] Voting Outcomes - The election of directors was successful for all nominees: - George Chow received 23,566,942 votes (99.6% for) [2] - Glenn Dagenais received 23,434,702 votes (99.1% for) [2] - Daniel Halyk received 23,619,795 votes (99.8% for) [2] - Jessica Kirstine received 23,436,823 votes (99.1% for) [2] - Tim McMillan received 23,605,915 votes (99.8% for) [2] - Ken Mullen received 20,601,943 votes (87.1% for) [2] - The appointment of MNP LLP as auditors was also approved with 25,144,350 votes (99.7% for) [2] Company Overview - Total Energy provides various services including contract drilling, equipment rentals, transportation services, well servicing, and compression and process equipment to the energy and resource industries, operating in North America and Australia [2]