Total Energy Services Inc. Plans To Repurchase Shares

Executive Summary

• Total Energy Services Inc. filed a notice with the TSX to commence a normal‑course issuer bid (NCIB) from Oct 21 2025 to Oct 20 2026, allowing purchase of up to 1,841,300 shares (≈5% of outstanding shares).
• The NCIB will be executed through TSX facilities and Canadian alternative trading systems with a daily purchase cap of 12,837 shares.
• Over the prior NCIB period (Oct 17 2024 – Oct 20 2025) Total Energy bought 1,679,360 shares at an average price of $11.33 per share, representing 88% of its authorized amount.

Key Details

• Shares Outstanding: 36,826,000 as of the filing date.
• Maximum Purchase Authorization: Up to 1,841,300 shares (5 % of outstanding) during the new NCIB period.
• Daily Purchase Limit: 12,837 shares, based on an average daily volume of 51,348 shares over the prior six months.
• Previous NCIB Activity (Oct 17 2024 – Oct 20 2025):
• Shares purchased: 1,679,360
• Average purchase price: $11.33 per share
• Utilization of authorized amount: 88 % of the 1,909,732 shares permitted.
• Capital Return History: Approximately $360 million returned to shareholders via dividends, distributions, and share buybacks; includes $6.66 per share in dividends/distributions.
• Rationale: Management believes repurchasing shares is an attractive investment opportunity that will increase the proportionate equity of remaining shareholders.

Notable Quotes

“Capital stewardship remains a core value at Total Energy…the repurchase of Shares is an attractive investment opportunity that will benefit the remaining shareholders by increasing their proportionate equity investment in the Company.” – Daniel K. Halyk, President and CEO