Why Invest in CES?
CES Energy Solutions is a leading independent provider of consumable chemical solutions to the North American oil and gas industry, distinguished by a vertically integrated, asset-light business model and a disciplined approach to capital allocation.
The Company has consistently grown market share across drilling fluids and production chemicals, supported by a customer-centric culture and a portfolio of trusted regional brands. With increasing exposure to recurring, service-intensive production chemical revenue, CES delivers stable, through-cycle free cash flow while reducing sensitivity to drilling activity. Structural industry tailwinds - including longer laterals, higher frac intensity, and more complex well designs - continue to drive demand for advanced chemical solutions, reinforcing CES' competitive position. Backed by a strong balance sheet and prudent leverage, CES remains committed to responsible capital allocation while compounding long-term value.
An entrepreneurial culture and customer-centric focus have built CES into a world-class manufacturer and the leading independent provider of consumable chemical solutions in North America. CES has consistently grown market share in drilling fluids across both the U.S. and Canada - through downturns, recoveries, and every point of the cycle in between.
Asset-light and capex-efficient by design. CES operates a counter-cyclical balance sheet purpose-built to generate significant surplus free cash flow at all points of the cycle. The growing mix of production chemical revenue - a recurring, service-intensive stream - underpins increasing stability in financial performance and reduces exposure to drilling activity fluctuations.
CES operates in growing markets. Rising service intensity, longer laterals, larger frac stages, and increasingly complex completions structurally increase demand for advanced chemical treatments - independent of rig count trends. As operators push the limits of reservoir performance, the chemistry required to drill, complete, and produce those wells becomes more sophisticated, and more valuable.
CES consistently returns capital to shareholders through quarterly cash dividend and Normal Course Issuer Bid buyback program. This commitment reflects the Board's confidence in the durability of CES' free cash flow generation and the strength of the Company's balance sheet - maintained at conservative leverage through all market conditions.
CES Energy Solutions publishes condensed consolidated financial statements and Management's Discussion and Analysis (MD&A) on a quarterly basis. These documents are filed on SEDAR+ and made available for download below.
| 2026 | 2025 | 2024 | |
|---|---|---|---|
| Annual Report | |||
| MD&A | |||
| Annual Information Form | Q1Q2Q3Q4 |
Financial statements, MD&A, and Annual Information Forms for prior years. The three most recent years are shown in the table above.
| Year | Annual Report | MD&A | Annual Information Form |
|---|---|---|---|
| 2023 | |||
| 2022 | |||
| 2021 | |||
| 2020 | |||
| 2019 | |||
| 2018 | |||
| 2017 | |||
| 2016 | |||
| 2015 | |||
| 2014 | |||
| 2013 | |||
| 2012 | |||
| 2011 | |||
| 2010 |
CES Energy Solutions participates in investor conferences and presents at industry events throughout the year. Current and archived investor presentations are available for download below.
List of event dates
Lorem Ipsum - October XX, 2026
List of upcoming dates
Lorem Ipsum - January XX, 2027
Listen to the earnings callStay current on CES Energy Solutions financial results, dividend declarations, operational updates, and corporate announcements.
Receive CEU:TO news releases in your inbox.
Corporate news & announcements. Click any release to open the PDF.
CES Energy Solutions pays a quarterly cash dividend on its common shares. Dividend information, including the current dividend rate, record dates, payment dates, and historical dividend history, is provided below.
| Period | Declared | Ex-Div Date | Record Date | Payment Date | Per Share |
|---|---|---|---|---|---|
| Q4 2025 | Mar 10, 2026 | Dec 31, 2025 | Dec 31, 2025 | Jan 15, 2026 | $0.0425 |
| Q3 2025 | Nov 13, 2025 | Sep 29, 2025 | Sep 30, 2025 | Oct 15, 2025 | $0.0425 |
| Q2 2025 | Aug 7, 2025 | Jun 30, 2025 | Jun 30, 2025 | Jul 15, 2025 | $0.0425 |
| Q1 2025 | May 8, 2025 | Mar 31, 2025 | Mar 31, 2025 | Apr 15, 2025 | $0.0425 |
| Period | Declared | Ex-Div Date | Record Date | Payment Date | Per Share |
|---|---|---|---|---|---|
| Q4 2024 | Mar 7, 2025 | Dec 31, 2024 | Dec 31, 2024 | Jan 15, 2025 | $0.030 |
| Q3 2024 | Nov 7, 2024 | Sep 27, 2024 | Sep 30, 2024 | Oct 15, 2024 | $0.030 |
| Q2 2024 | Aug 8, 2024 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.030 |
| Q1 2024 | May 9, 2024 | Mar 27, 2024 | Mar 29, 2024 | Apr 15, 2024 | $0.030 |
| Period | Declared | Ex-Div Date | Record Date | Payment Date | Per Share |
|---|---|---|---|---|---|
| Q4 2023 | Mar 8, 2024 | Dec 28, 2023 | Dec 29, 2023 | Jan 15, 2024 | $0.025 |
| Q3 2023 | Nov 9, 2023 | Sep 28, 2023 | Sep 29, 2023 | Oct 13, 2023 | $0.025 |
| Q2 2023 | Aug 10, 2023 | Jun 29, 2023 | Jun 30, 2023 | Jul 14, 2023 | $0.025 |
| Q1 2023 | May 11, 2023 | Mar 30, 2023 | Mar 31, 2023 | Apr 14, 2023 | $0.020 |
| Period | Declared | Ex-Div Date | Record Date | Payment Date | Per Share |
|---|---|---|---|---|---|
| Q4 2022 | Mar 10, 2023 | Dec 29, 2022 | Dec 31, 2022 | Jan 13, 2023 | $0.020 |
| Q3 2022 | Nov 10, 2022 | Sep 28, 2022 | Sep 30, 2022 | Oct 14, 2022 | $0.016 |
| Q2 2022 | Aug 11, 2022 | Jun 29, 2022 | Jun 30, 2022 | Jul 15, 2022 | $0.016 |
| Q1 2022 | May 12, 2022 | Mar 30, 2022 | Mar 31, 2022 | Apr 15, 2022 | $0.016 |
| Period | Declared | Ex-Div Date | Record Date | Payment Date | Per Share |
|---|---|---|---|---|---|
| Q4 2021 | Nov 12, 2021 | Dec 30, 2021 | Dec 31, 2021 | Jan 14, 2022 | $0.016 |
| Q3 2021 | Aug 12, 2021 | Sep 28, 2021 | Sep 30, 2021 | Oct 15, 2021 | $0.016 |
| Period | Declared | Ex-Div Date | Record Date | Payment Date | Per Share |
|---|---|---|---|---|---|
| Mar 2020 | - | - | Mar 31, 2020 | Apr 15, 2020 | $0.001 |
| Feb 2020 | - | - | Feb 28, 2020 | Mar 13, 2020 | $0.005 |
| Jan 2020 | - | - | Jan 31, 2020 | Feb 14, 2020 | $0.005 |
| Period | Declared | Ex-Div Date | Record Date | Payment Date | Per Share |
|---|---|---|---|---|---|
| Dec 2019 | - | - | Dec 31, 2019 | Jan 15, 2020 | $0.005 |
| Nov 2019 | - | - | Nov 30, 2019 | Dec 14, 2019 | $0.005 |
| Oct 2019 | - | - | Oct 31, 2019 | Nov 15, 2019 | $0.005 |
| Sep 2019 | - | - | Sep 28, 2019 | Oct 15, 2019 | $0.005 |
| Aug 2019 | - | - | Aug 31, 2019 | Sep 14, 2019 | $0.005 |
| Jul 2019 | - | - | Jul 31, 2019 | Aug 15, 2019 | $0.005 |
| Jun 2019 | - | - | Jun 28, 2019 | Jul 13, 2019 | $0.005 |
| May 2019 | - | - | May 31, 2019 | Jun 15, 2019 | $0.003 |
| Apr 2019 | - | - | Apr 30, 2019 | May 15, 2019 | $0.003 |
| Mar 2019 | - | - | Mar 29, 2019 | Apr 13, 2019 | $0.003 |
| Feb 2019 | - | - | Feb 28, 2019 | Mar 15, 2019 | $0.003 |
| Jan 2019 | - | - | Jan 31, 2019 | Feb 15, 2019 | $0.003 |
| Period | Declared | Ex-Div Date | Record Date | Payment Date | Per Share |
|---|---|---|---|---|---|
| Dec 2018 | - | - | Dec 29, 2018 | Jan 15, 2019 | $0.003 |
| Nov 2018 | - | - | Nov 30, 2018 | Dec 15, 2018 | $0.003 |
| Oct 2018 | - | - | Oct 31, 2018 | Nov 15, 2018 | $0.003 |
| Sep 2018 | - | - | Sep 30, 2018 | Oct 13, 2018 | $0.003 |
| Aug 2018 | - | - | Aug 31, 2018 | Sep 15, 2018 | $0.003 |
| Jul 2018 | - | - | Jul 31, 2018 | Aug 15, 2018 | $0.003 |
| Jun 2018 | - | - | Jun 30, 2018 | Jul 14, 2018 | $0.003 |
| May 2018 | - | - | May 31, 2018 | Jun 15, 2018 | $0.003 |
| Apr 2018 | - | - | Apr 28, 2018 | May 15, 2018 | $0.003 |
| Mar 2018 | - | - | Mar 31, 2018 | Apr 13, 2018 | $0.003 |
| Feb 2018 | - | - | Feb 28, 2018 | Mar 15, 2018 | $0.003 |
| Jan 2018 | - | - | Jan 31, 2018 | Feb 15, 2018 | $0.003 |
| Period | Declared | Ex-Div Date | Record Date | Payment Date | Per Share |
|---|---|---|---|---|---|
| Dec 2017 | - | - | Dec 30, 2017 | Jan 13, 2018 | $0.003 |
| Nov 2017 | - | - | Nov 30, 2017 | Dec 15, 2017 | $0.003 |
| Oct 2017 | - | - | Oct 31, 2017 | Nov 15, 2017 | $0.003 |
| Sep 2017 | - | - | Sep 30, 2017 | Oct 14, 2017 | $0.003 |
| Aug 2017 | - | - | Aug 31, 2017 | Sep 15, 2017 | $0.003 |
| Jul 2017 | - | - | Jul 29, 2017 | Aug 15, 2017 | $0.003 |
| Jun 2017 | - | - | Jun 30, 2017 | Jul 15, 2017 | $0.003 |
| May 2017 | - | - | May 31, 2017 | Jun 15, 2017 | $0.003 |
| Apr 2017 | - | - | Apr 29, 2017 | May 13, 2017 | $0.003 |
| Mar 2017 | - | - | Mar 31, 2017 | Apr 15, 2017 | $0.003 |
| Feb 2017 | - | - | Feb 28, 2017 | Mar 15, 2017 | $0.003 |
| Jan 2017 | - | - | Jan 31, 2017 | Feb 15, 2017 | $0.003 |
| Period | Declared | Ex-Div Date | Record Date | Payment Date | Per Share |
|---|---|---|---|---|---|
| Dec 2016 | - | - | Dec 31, 2016 | Jan 15, 2017 | $0.018 |
| Nov 2016 | - | - | Nov 30, 2016 | Dec 15, 2016 | $0.028 |
| Oct 2016 | - | - | Oct 31, 2016 | Nov 15, 2016 | $0.028 |
| Sep 2016 | - | - | Sep 30, 2016 | Oct 14, 2016 | $0.028 |
| Aug 2016 | - | - | Aug 31, 2016 | Sep 15, 2016 | $0.028 |
| Jul 2016 | - | - | Jul 31, 2016 | Aug 15, 2016 | $0.028 |
| Jun 2016 | - | - | Jun 30, 2016 | Jul 15, 2016 | $0.028 |
| May 2016 | - | - | May 31, 2016 | Jun 15, 2016 | $0.028 |
| Apr 2016 | - | - | Apr 30, 2016 | May 13, 2016 | $0.028 |
| Mar 2016 | - | - | Mar 31, 2016 | Apr 15, 2016 | $0.028 |
| Feb 2016 | - | - | Feb 29, 2016 | Mar 15, 2016 | $0.028 |
| Jan 2016 | - | - | Jan 31, 2016 | Feb 14, 2016 | $0.028 |
| Period | Declared | Ex-Div Date | Record Date | Payment Date | Per Share |
|---|---|---|---|---|---|
| Dec 2015 | - | - | Dec 31, 2015 | - | $0.018 |
| Nov 2015 | - | - | Nov 30, 2015 | - | $0.028 |
| Oct 2015 | - | - | Oct 30, 2015 | - | $0.028 |
| Sep 2015 | - | - | Sep 30, 2015 | - | $0.028 |
| Aug 2015 | - | - | Aug 31, 2015 | - | $0.028 |
| Jul 2015 | - | - | Jul 31, 2015 | - | $0.028 |
| Jun 2015 | - | - | Jun 30, 2015 | - | $0.028 |
| May 2015 | - | - | May 29, 2015 | - | $0.028 |
| Apr 2015 | - | - | Apr 30, 2015 | - | $0.028 |
| Mar 2015 | - | - | Mar 31, 2015 | - | $0.028 |
| Feb 2015 | - | - | Feb 27, 2015 | - | $0.028 |
| Jan 2015 | - | - | Jan 30, 2015 | - | $0.028 |
| Period | Declared | Ex-Div Date | Record Date | Payment Date | Per Share |
|---|---|---|---|---|---|
| Dec 2014 | - | - | Dec 31, 2014 | Jan 15, 2015 | $0.028 |
| Nov 2014 | - | - | Nov 28, 2014 | Dec 15, 2014 | $0.028 |
| Oct 2014 | - | - | Oct 31, 2014 | Nov 14, 2014 | $0.028 |
| Sep 2014 | - | - | Sep 30, 2014 | Oct 15, 2014 | $0.028 |
| Aug 2014 | - | - | Aug 29, 2014 | Sep 15, 2014 | $0.028 |
| Jul 2014 | - | - | Jul 31, 2014 | Aug 15, 2014 | $0.025 |
| Jun 2014 | - | - | Jun 30, 2014 | Jul 15, 2014 | $0.025 |
| May 2014 | - | - | May 30, 2014 | Jun 13, 2014 | $0.025 |
| Apr 2014 | - | - | Apr 30, 2014 | May 15, 2014 | $0.023 |
| Mar 2014 | - | - | Mar 31, 2014 | Apr 15, 2014 | $0.023 |
| Feb 2014 | - | - | Feb 28, 2014 | Mar 14, 2014 | $0.022 |
| Jan 2014 | - | - | Jan 31, 2014 | Feb 14, 2014 | $0.022 |
| Period | Declared | Ex-Div Date | Record Date | Payment Date | Per Share |
|---|---|---|---|---|---|
| Dec 2013 | - | - | Dec 31, 2013 | Jan 13, 2014 | $0.065 |
| Nov 2013 | - | - | Nov 30, 2013 | Dec 14, 2013 | $0.065 |
| Oct 2013 | - | - | Oct 31, 2013 | Nov 15, 2013 | $0.060 |
| Sep 2013 | - | - | Sep 30, 2013 | Oct 15, 2013 | $0.060 |
| Aug 2013 | - | - | Aug 30, 2013 | Sep 13, 2013 | $0.055 |
| Jul 2013 | - | - | Jul 31, 2013 | Aug 15, 2013 | $0.055 |
| Jun 2013 | - | - | Jun 28, 2013 | Jul 15, 2013 | $0.055 |
| May 2013 | - | - | May 31, 2013 | Jun 14, 2013 | $0.055 |
| Apr 2013 | - | - | Apr 30, 2013 | May 15, 2013 | $0.055 |
| Mar 2013 | - | - | Mar 28, 2013 | Apr 15, 2013 | $0.055 |
| Feb 2013 | - | - | Feb 28, 2013 | Mar 15, 2013 | $0.055 |
| Jan 2013 | - | - | Jan 31, 2013 | Feb 15, 2013 | $0.055 |
| Period | Declared | Ex-Div Date | Record Date | Payment Date | Per Share |
|---|---|---|---|---|---|
| Dec 2012 | - | - | Dec 31, 2012 | Jan 13, 2013 | $0.055 |
| Nov 2012 | - | - | Nov 30, 2012 | Dec 14, 2012 | $0.055 |
| Oct 2012 | - | - | Oct 31, 2012 | Nov 15, 2012 | $0.050 |
| Sep 2012 | - | - | Sep 28, 2012 | Oct 15, 2012 | $0.050 |
| Aug 2012 | - | - | Aug 31, 2012 | Sep 14, 2012 | $0.050 |
| Jul 2012 | - | - | Jul 31, 2012 | Aug 15, 2012 | $0.050 |
| Jun 2012 | - | - | Jun 29, 2012 | Jul 13, 2012 | $0.050 |
| May 2012 | - | - | May 31, 2012 | Jun 15, 2012 | $0.050 |
| Apr 2012 | - | - | Apr 30, 2012 | May 15, 2012 | $0.050 |
| Mar 2012 | - | - | Mar 30, 2012 | Apr 13, 2012 | $0.050 |
| Feb 2012 | - | - | Feb 29, 2012 | Mar 15, 2012 | $0.045 |
| Jan 2012 | - | - | Jan 31, 2012 | Feb 15, 2012 | $0.045 |
| Period | Declared | Ex-Div Date | Record Date | Payment Date | Per Share |
|---|---|---|---|---|---|
| Dec 2011 | - | - | Dec 31, 2011 | Jan 13, 2012 | $0.045 |
| Nov 2011 | - | - | Nov 30, 2011 | Dec 15, 2011 | $0.045 |
| Oct 2011 | - | - | Oct 31, 2011 | Nov 15, 2011 | $0.040 |
| Sep 2011 | - | - | Sep 30, 2011 | Oct 14, 2011 | $0.040 |
| Aug 2011 | - | - | Aug 31, 2011 | Sep 15, 2011 | $0.040 |
| Jul 2011 | - | - | Jul 31, 2011 | Aug 15, 2011 | $0.040 |
| Jun 2011 | - | - | Jun 30, 2011 | Jul 15, 2011 | $0.040 |
| May 2011 | - | - | May 31, 2011 | Jun 15, 2011 | $0.040 * |
| Apr 2011 | - | - | Apr 30, 2011 | May 13, 2011 | $0.040 * |
| Mar 2011 | - | - | Mar 31, 2011 | Apr 15, 2011 | $0.040 * |
| Feb 2011 | - | - | Feb 28, 2011 | Mar 15, 2011 | $0.033 * |
| Jan 2011 | - | - | Jan 31, 2011 | Feb 15, 2011 | $0.033 * |
| Period | Declared | Ex-Div Date | Record Date | Payment Date | Per Share |
|---|---|---|---|---|---|
| Dec 2010 | - | - | Dec 31, 2010 | Jan 15, 2011 | $0.100 * |
| Nov 2010 | - | - | Nov 30, 2010 | Dec 15, 2010 | $0.100 * |
| Oct 2010 | - | - | Oct 29, 2010 | Nov 15, 2010 | $0.100 * |
| Sep 2010 | - | - | Sep 30, 2010 | Oct 15, 2010 | $0.080 * |
| Aug 2010 | - | - | Aug 31, 2010 | Sep 15, 2010 | $0.080 * |
| Jul 2010 | - | - | Jul 30, 2010 | Aug 13, 2010 | $0.080 * |
| Jun 2010 | - | - | Jun 30, 2010 | Jul 15, 2010 | $0.080 * |
| May 2010 | - | - | May 31, 2010 | Jun 15, 2010 | $0.060 * |
| Apr 2010 | - | - | Apr 30, 2010 | May 14, 2010 | $0.060 * |
| Mar 2010 | - | - | Mar 31, 2010 | Apr 15, 2010 | $0.060 * |
| Feb 2010 | - | - | Feb 26, 2010 | Mar 15, 2010 | $0.060 * |
* Amounts marked with an asterisk reflect per-unit distributions paid prior to or during the corporate conversion from a limited partnership to a corporation, effective January 1, 2010. Declared dates not individually listed for monthly dividends prior to 2022. Payment dates not available for 2015 in source data. The ex-dividend date is two business days before the record date. Source: cesenergysolutions.com
This page provides certain tax information for our investors and their investment advisors. Shareholders are advised to consult their personal tax advisors with respect to their particular circumstances.
CES Energy Solutions Corp. (the "Company") hereby advises all shareholders that all dividends paid on its common shares to Canadian residents will be designated as "eligible dividends" for Canadian income tax purposes. This designation will apply until a notification of change is posted on this website. If you have any questions regarding the taxation of eligible dividends, please contact your Canadian tax advisor or your local office of the Canada Revenue Agency.
If you are required to file a U.S. tax return, please note the following. The Company is a "Qualified Foreign Corporation", and our dividends are expected to qualify as "qualified dividend income". Qualified dividend income received by non-corporate U.S. holders is generally subject to U.S. federal income tax at the same preferential rates applicable to long-term capital gains, currently 0%, 15%, or 20%, depending on the holder's income level. Certain taxpayers may also be subject to an additional 3.8% Net Investment Income Tax. To be eligible for these preferential tax rates, a shareholder must satisfy applicable holding period requirements, generally requiring that the shares be held for more than 60 days during the 121-day period beginning 60 days prior to the ex-dividend date. For additional information regarding these rules or Form 1099-DIV, please contact your U.S. tax advisor or your local office of the Internal Revenue Service.
CES Energy Solutions is covered by the following equity research analysts. The inclusion of analysts on this list does not constitute an endorsement of their views, opinions, or forecasts by CES Energy Solutions Corp.
The above information is provided for convenience only. It does not constitute an endorsement by CES Energy Solutions Corp. of any information or reports provided by the above-noted research firms.
Shareholders can access the Notice of Annual General Meeting and Management Information Circular and Proxy Statement for each year below. These documents are filed on SEDAR+ prior to each annual general meeting.
Annual general meeting information circulars