CES Energy Solutions Future Growth

Future criteria checks 3/6

CES Energy Solutions is forecast to grow earnings and revenue by 13.6% and 7.8% per annum respectively. EPS is expected to grow by 16.6% per annum. Return on equity is forecast to be 17.9% in 3 years.

Key information

13.6%

Earnings growth rate

16.59%

EPS growth rate

Energy Services earnings growth	24.8%
Revenue growth rate	7.8%
Future return on equity	17.90%
Analyst coverage	Good
Last updated	11 Mar 2026

Recent future growth updates

Earnings Miss: CES Energy Solutions Corp. Missed EPS By 5.0% And Analysts Are Revising Their Forecasts

May 12

CES Energy Solutions Corp. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Aug 11

Recent updates

Further Upside For CES Energy Solutions Corp. (TSE:CEU) Shares Could Introduce Price Risks After 31% Bounce

Feb 07

A Piece Of The Puzzle Missing From CES Energy Solutions Corp.'s (TSE:CEU) 30% Share Price Climb

Nov 19

CES Energy Solutions (TSE:CEU) Could Become A Multi-Bagger

Oct 05

Earnings Miss: CES Energy Solutions Corp. Missed EPS By 5.0% And Analysts Are Revising Their Forecasts

May 12

CES Energy Solutions (TSE:CEU) Is Investing Its Capital With Increasing Efficiency

Feb 26

Here's Why We Think CES Energy Solutions (TSE:CEU) Might Deserve Your Attention Today

Jan 28

CES Energy Solutions (TSE:CEU) Could Become A Multi-Bagger

Nov 22

Market Still Lacking Some Conviction On CES Energy Solutions Corp. (TSE:CEU)

Oct 19

If EPS Growth Is Important To You, CES Energy Solutions (TSE:CEU) Presents An Opportunity

Sep 25

CES Energy Solutions Corp. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Aug 11

CES Energy Solutions (TSE:CEU) Is Investing Its Capital With Increasing Efficiency

Aug 09

Is There An Opportunity With CES Energy Solutions Corp.'s (TSE:CEU) 33% Undervaluation?

Jul 19

CES Energy Solutions (TSE:CEU) Is Due To Pay A Dividend Of CA$0.03

Jun 16

CES Energy Solutions (TSE:CEU) Is Paying Out A Dividend Of CA$0.03

May 28

CES Energy Solutions Corp. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

May 11

Why The 21% Return On Capital At CES Energy Solutions (TSE:CEU) Should Have Your Attention

Apr 30

Earnings and Revenue Growth Forecasts

TSX:CEU - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2028	3,276	281	248	343	2
12/31/2027	2,856	248	214	378	8
12/31/2026	2,684	216	184	346	8
12/31/2025	2,494	205	186	285	N/A
9/30/2025	2,435	178	140	240	N/A
6/30/2025	2,418	184	153	261	N/A
3/31/2025	2,398	181	173	278	N/A
12/31/2024	2,354	191	212	305	N/A
9/30/2024	2,302	198	192	282	N/A
6/30/2024	2,232	190	225	309	N/A
3/31/2024	2,194	176	234	315	N/A
12/31/2023	2,164	155	228	302	N/A
9/30/2023	2,173	146	231	301	N/A
6/30/2023	2,161	132	121	185	N/A
3/31/2023	2,079	118	26	83	N/A
12/31/2022	1,922	95	-56	-3	N/A
9/30/2022	1,727	80	-131	-81	N/A
6/30/2022	1,517	68	-153	-111	N/A
3/31/2022	1,337	55	-116	-81	N/A
12/31/2021	1,196	50	-102	-74	N/A
9/30/2021	1,041	66	-54	-35	N/A
6/30/2021	893	40	37	51	N/A
3/31/2021	799	8	123	139	N/A
12/31/2020	888	-223	131	157	N/A
9/30/2020	991	-251	160	198	N/A
6/30/2020	1,140	-231	144	188	N/A
3/31/2020	1,294	-198	97	148	N/A
12/31/2019	1,277	30	136	187	N/A
9/30/2019	1,310	34	N/A	162	N/A
6/30/2019	1,332	32	N/A	120	N/A
3/31/2019	1,304	37	N/A	106	N/A
12/31/2018	1,271	48	N/A	78	N/A
9/30/2018	1,202	35	N/A	87	N/A
6/30/2018	1,124	49	N/A	79	N/A
3/31/2018	1,078	42	N/A	35	N/A
12/31/2017	1,030	36	N/A	-23	N/A
9/30/2017	939	30	N/A	-46	N/A
6/30/2017	823	-1	N/A	-33	N/A
3/31/2017	683	-33	N/A	-15	N/A
12/31/2016	568	-65	N/A	57	N/A
9/30/2016	545	-175	N/A	80	N/A
6/30/2016	588	-157	N/A	96	N/A
3/31/2016	653	-130	N/A	189	N/A
12/31/2015	750	-92	N/A	209	N/A
9/30/2015	863	41	N/A	188	N/A
6/30/2015	949	55	N/A	170	N/A
3/31/2015	975	62	N/A	108	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CEU's forecast earnings growth (13.6% per year) is above the savings rate (2.9%).

Earnings vs Market: CEU's earnings (13.6% per year) are forecast to grow faster than the Canadian market (11.6% per year).

High Growth Earnings: CEU's earnings are forecast to grow, but not significantly.

Revenue vs Market: CEU's revenue (7.8% per year) is forecast to grow faster than the Canadian market (6.2% per year).

High Growth Revenue: CEU's revenue (7.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CEU's Return on Equity is forecast to be low in 3 years time (17.9%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/03/12 21:35
End of Day Share Price	2026/03/12 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CES Energy Solutions Corp. is covered by 15 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Tim Monachello	ATB Cormark
Brent Watson	ATB Cormark Historical (Cormark Securities)
John Gibson	BMO Capital Markets Equity Research

CES Energy Solutions Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 8.6% to CA$15.34

Price target increased by 7.4% to CA$13.69

Price target increased by 7.2% to CA$11.96

Price target increased by 8.0% to CA$11.00

Earnings Miss: CES Energy Solutions Corp. Missed EPS By 5.0% And Analysts Are Revising Their Forecasts

CES Energy Solutions Corp. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Recent updates

Full year 2025 earnings: EPS and revenues exceed analyst expectations

CES Energy Solutions Corp. Approves Quarterly Dividend, Payable on April 15, 2026

CES Energy Solutions Corp. to Report Q4, 2025 Results on Mar 10, 2026

Further Upside For CES Energy Solutions Corp. (TSE:CEU) Shares Could Introduce Price Risks After 31% Bounce

Price target increased by 8.6% to CA$15.34

Investor sentiment improves as stock rises 15%

Upcoming dividend of CA$0.043 per share

Price target increased by 7.4% to CA$13.69

Independent Director recently bought CA$1.0m worth of stock

Independent Chairman of the Board recently sold CA$2.2m worth of stock

Investor sentiment improves as stock rises 18%

A Piece Of The Puzzle Missing From CES Energy Solutions Corp.'s (TSE:CEU) 30% Share Price Climb

Price target increased by 7.2% to CA$11.96

Third quarter dividend of CA$0.043 announced

Ces Energy Solutions Corp. Approves Quarterly Dividend, Payable on January 15, 2025

Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased by 8.0% to CA$11.00

CES Energy Solutions Corp. to Report Q3, 2025 Results on Nov 14, 2025

CES Energy Solutions (TSE:CEU) Could Become A Multi-Bagger

Upcoming dividend of CA$0.043 per share

Second quarter dividend of CA$0.043 announced

Second quarter 2025 earnings: EPS exceeds analyst expectations

New major risk - Revenue and earnings growth

CES Energy Solutions Corp. Approves Quarterly Dividend, Payable on October 15, 2025

CES Energy Solutions Corp. to Report Q2, 2025 Results on Aug 07, 2025

Upcoming dividend of CA$0.043 per share

First quarter dividend of CA$0.043 announced

Earnings Miss: CES Energy Solutions Corp. Missed EPS By 5.0% And Analysts Are Revising Their Forecasts

CES Energy Solutions Corp. (TSE:CEU) Might Not Be As Mispriced As It Looks

First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Ces Energy Solutions Corp. Approves Quarterly Dividend, Payable on July 15, 2025

CES Energy Solutions Corp. to Report Q1, 2025 Results on May 08, 2025

CES Energy Solutions Corp., Annual General Meeting, Jun 17, 2025

Executive VP & CFO exercised options to buy CA$173k worth of stock.

Independent Director recently sold CA$627k worth of stock

Upcoming dividend of CA$0.043 per share

Executive VP & CFO exercised options to buy CA$9.2m worth of stock.

Expansion Into Permian Basin And Haynesville Will Strengthen Future Prospects

CES Energy Solutions (TSE:CEU) Is Increasing Its Dividend To CA$0.0425

Fourth quarter dividend increased to CA$0.043

New minor risk - Dividend sustainability

Full year 2024 earnings: EPS misses analyst expectations

Ces Energy Solutions Corp. Increases Quarterly Dividend, Payable on April 15, 2025

CES Energy Solutions (TSE:CEU) Is Investing Its Capital With Increasing Efficiency

CES Energy Solutions Corp. to Report Q4, 2024 Results on Mar 07, 2025

Insufficient new directors

Here's Why We Think CES Energy Solutions (TSE:CEU) Might Deserve Your Attention Today

Independent Chairman of the Board recently sold CA$3.0m worth of stock

Upcoming dividend of CA$0.03 per share

Chief Financial Officer recently sold CA$290k worth of stock

CES Energy Solutions (TSE:CEU) Could Become A Multi-Bagger

President of US Drilling Fluids recently sold CA$498k worth of stock

Third quarter dividend of CA$0.03 announced

Third quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

CES Energy Solutions Corp. Approves Quarterly Dividend, Payable on January 15, 2025

Market Still Lacking Some Conviction On CES Energy Solutions Corp. (TSE:CEU)

President of Sialco Materials Limited recently sold CA$243k worth of stock

CES Energy Solutions Corp. to Report Q3, 2024 Results on Nov 07, 2024

Independent Director recently sold CA$2.2m worth of stock

If EPS Growth Is Important To You, CES Energy Solutions (TSE:CEU) Presents An Opportunity

Upcoming dividend of CA$0.03 per share

Second quarter dividend of CA$0.03 announced

CES Energy Solutions Corp. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 9.8% to CA$9.81

CES Energy Solutions (TSE:CEU) Is Investing Its Capital With Increasing Efficiency

Is There An Opportunity With CES Energy Solutions Corp.'s (TSE:CEU) 33% Undervaluation?

CES Energy Solutions Corp. to Report Q2, 2024 Results on Aug 09, 2024

Chief Financial Officer exercised options and sold CA$412k worth of stock