StepStone (STEP) Stock

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. ("STEP" or the "Company") has announced that it will delay the start of its special meeting of shareholders, which was originally set for 10:00 a.m. (Mountain time), to 5:00 p.m. (Mountain Time) today (December 19, 2024). Due to some shareholders changing or withdrawing their votes, it appears that the previously announced Arrangement will not pass. Shareholders who have submitted a proxy are also affected by this change.

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. ("STEP" or the "Company") is happy to share that two top independent proxy advisors, Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis"), have recommended that STEP shareholders vote in favor of the announced plan of arrangement (the "Arrangement") with 2659160 Alberta Ltd. (the "Purchaser") and the limited partnerships of ARC Energy Fund 8.

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. (“STEP” or the “Company”) (TSX: STEP) has revealed its capital budget for 2025 along with an update on its operations and finances. The total capital budget for 2025 is set at $78.9 million, which consists of $46.7 million for optimization projects and $32.2 million for sustaining operations. The optimization funds will support the enhancement of the Company's natural gas strategy.

On December 9, 2024, StepStone Group Inc. (Nasdaq: STEP), a worldwide investment firm specializing in private markets, announced that it has been recognized as one of the Best Places to Work in Money Management by Pensions & Investments for the second year in a row. The firm focuses on offering tailored investment solutions, as well as advisory and data services.

Federato, an AI-based underwriting platform for insurance, has announced it raised $80 million, including $40 million from its latest Series C funding round. This round was led by StepStone Group, a global private markets investor, and included contributions from existing investors like Emergence Capital, Caffeinated Capital, and Pear VC, who manage over $200 billion in assets. The new capital will help Federato expand globally and bring more insurance companies into the AI era.

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. ("STEP" or the "Company") is happy to share that it has started sending out its management information circular (the "Circular") and other related documents for the special meeting of STEP shareholders (the "Meeting"). This is in relation to the previously announced plan of arrangement (the "Arrangement") under section 193 of the Business Corporations Act (Alberta) involving the Company and 2659160 Alberta Ltd. (the "Purchaser"), a newly-formed entity.

StepStone Group Inc. (NASDAQ:STEP) will hold its Q2 2025 Earnings Conference Call on November 7, 2024, at 5:00 PM ET. The call will feature company leaders including Seth Weiss, Scott Hart, Mike McCabe, David Park, and Jason Ment. Participants from various financial institutions, such as Goldman Sachs and JPMorgan, will also join the discussion.

StepStone Group Inc. (STEP) reported quarterly earnings of $0.45 per share, which is higher than the Zacks Consensus Estimate of $0.44 per share. This is an increase compared to earnings of $0.26 per share from the same period last year.

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. (“STEP” or the “Company”) (TSX: STEP) is happy to share that it has signed a final agreement (the “Arrangement Agreement”) with 2659160 Alberta Ltd. and the limited partnerships of ARC Energy Fund 8 (a private equity fund managed by ARC Financial Corp.) to make the Company private through a cash deal. According to the Arrangement Agreement, ARC will purchase all of the Company’s shares.