In its Q1 2025 earnings call, STEP Energy Services confirmed the formal termination of its U.S. fracturing division—marking a significant shift in the company’s operational focus. This decision follows several quarters of underperformance in the U.S. market, including a CAD 32 million net loss in Q4 2024 and an additional…
STEP Energy Services Exits U.S. Fracturing: A Strategic Refocus on Canada
