CALGARY, Alberta, March 13, 2026 (GLOBE NEWSWIRE) — Total Energy Services Inc. (“Total Energy”) (TSX:TOT) announces that its Board of Directors has declared a quarterly dividend of $0.12 (Cdn.) per common share for the quarter ending March 31, 2026 on Total Energy’s outstanding common shares. The dividend is payable on April 15, 2026, to shareholders of record at the close of business on March 31, 2026.

Unless otherwise indicated, all dividends paid by Total Energy are “eligible dividends” within the meaning of subsection 89(1) of the Income Tax Act (Canada).

Headquartered in Calgary, Alberta, Total Energy provides contract drilling services, rentals and transportation services, well servicing and compression and process equipment and service to the energy and other resource industries from operation centers in North America and Australia. The common shares of Total Energy are listed and trade on the TSX under the symbol TOT.

For further information, please contact Yuliya Gorbach, Chief Financial Officer at (403) 216-3920 or by e-mail at: investorrelations@totalenergy.ca or visit our website at www.totalenergy.ca.

The TSX has neither approved nor disapproved of the information contained herein.

CALGARY, Alberta, March 10, 2026 (GLOBE NEWSWIRE) — Total Energy Services Inc. (“Total Energy” or the “Company”) (TSX:TOT) announces its consolidated financial results for the three months ended December 31, 2025.

Financial Highlights
($000’s except per share data, unaudited)

Notes 1 through 4 please refer to the Notes to the Financial Highlights set forth at the end of this release.

Total Energy’s results for the three and 12 months ended December 31, 2025 represent record quarterly and annual financial results. Strong North American demand for natural gas compression and process equipment and the deployment of upgraded drilling and service rigs in Australia more than offset lower North American drilling and completion activity.

Contract Drilling Services (“CDS”)

⁽¹⁾ See Note 1 of the Notes to the Financial Highlights set forth at the end of this release.
⁽²⁾ Operating days includes drilling and paid standby days.

Fourth quarter CDS segment activity in 2025 was consistent with activity in the fourth quarter of 2024. The acquisition of Saxon in March 2024 and subsequent reactivation of upgraded equipment at higher day rates was partially offset by a decrease in Canadian drilling activity. Increased fourth quarter segment EBITDA relative to 2024 was a result of improved Australian results more than offsetting a year over year decline in North American EBITDA. During the fourth quarter of 2025 ten idle drilling rigs in Canada were decommissioned, with no impairment expense being recognized as the estimated salvage value of such equipment is consistent with its net book value.

Rentals and Transportation Services (“RTS”)

⁽¹⁾ See Note 1 of the Notes to the Financial Highlights set forth at the end of this release.

RTS segment revenue increased for the fourth quarter of 2025 compared to 2024 due to increased revenue per utilized piece resulting from a change in the mix of equipment operating that offset lower North American equipment utilization. The acquisition of 280 major rental pieces located in Oklahoma on June 10, 2025 also mitigated the year over year decline in industry activity levels in the United States. Despite a year over year increase in revenue per utilized piece of rental equipment, fourth quarter segment EBITDA decreased compared to 2024 given higher operating costs associated with the mix of equipment operating and competitive market conditions that did not allow for price increases necessary to offset cost inflation.

Compression and Process Services (“CPS”)

⁽¹⁾ See Note 1 of the Notes to the Financial Highlights set forth at the end of this release.
⁽²⁾ Rental equipment utilization is measured on a horsepower basis.

2025 fourth quarter CPS segment revenue was higher compared to 2024 due to increased North American fabrication sales and parts and service activity that was partially offset by lower compression rental fleet revenue following the sale of several active compression rental units. The year over year increase in fourth quarter segment EBITDA was a result of increased fabrication and parts and service activity, improved fabrication margins and the sale of compression rental units. The quarter end fabrication sales backlog increased to $446.7 million compared to the $189.0 million backlog at December 31, 2024. Sequentially the quarter-end fabrication sales backlog increased by $65.9 million, or 17%, compared to the $380.8 million backlog at September 30, 2025.

Well Servicing (“WS”)

⁽¹⁾ See Note 1 of the Notes to the Financial Highlights set forth at the end of this release.
⁽²⁾ Service hours is defined as well servicing hours of service provided to customers and includes paid rig move and standby.
⁽³⁾ The Company reports its service rig utilization for its operational service rigs in North America based on service hours of 3,650 per rig per year to reflect standard 10 hour operations per day. Utilization for the Company’s service rigs in Australia is calculated based on service hours of 8,760 per rig per year to reflect standard 24 hour operations.

Fourth quarter Well Servicing segment revenue increased in 2025 as compared to 2024 due to increased activity in Australia following the upgrade and reactivation of several service rigs over the past year. Increased revenue from Australian operations was partially offset by lower WS segment revenue in the United States. Segment EBITDA for the fourth quarter of 2025 was higher compared to 2024 due to the deployment of upgraded rigs in Australia that was partially offset by lower Canadian operating margins due to competitive market conditions. During the fourth quarter of 2025 six idle service rigs in Canada were decommissioned with no impairment expense being recognized.

Corporate

During the fourth quarter of 2025, Total Energy continued to execute on its 2025 capital expenditure program with $15.8 million of capital expenditures that was primarily directed towards the upgrade of drilling and service rigs in Australia and Canada. To December 31, 2025, $93.7 million of capital expenditures were funded, including approximately $16.6 million of capital commitments carried forward from 2024 and the acquisition of 280 pieces of rental equipment located in Oklahoma in June 2025 for $9.0 million.

Total Energy exited 2025 with $108.0 million of positive working capital, including $59.6 million of cash. At December 31, 2025 there was $120.0 million of available credit under the Company’s $175 million of revolving bank credit facilities and the interest rate on the Company’s outstanding bank debt was 4.08%.

$38.8 million was returned to shareholders during 2025 by way of dividends and share repurchases under the Company’s normal course issuer bid. Bank debt was also reduced by $55.9 million during the year and for the first time since the acquisition of Savanna Energy Services in 2017, cash on hand exceeded bank debt at December 31, 2025.

Outlook

Global economic and political uncertainty and commodity price volatility continue to weigh on industry sentiment, particularly in the United States where producers remain measured with their drilling and completion capital budgets. Offsetting this uncertainty are stable Australian industry conditions, continued strong North American demand for compression and process equipment and an improving Canadian outlook following the Trans Mountain pipeline expansion and the startup of the LNG Canada liquified natural gas export terminal. The CPS segment’s record $446.7 million fabrication sales backlog at December 31, 2025 provides visibility for the CPS segment’s business into 2027.

In January 2026 the Company determined to cease its well servicing operations in the United States and to dispose of the related operating equipment and real estate. The operating equipment was sold in February 2026 and an agreement to sell the real estate has been entered into, with closing expected to occur by June 30, 2026.

Despite continued market uncertainty, targeted opportunities to deploy capital exist. The Board of Directors of the Company has approved a $31.6 million increase to the Company’s 2026 capital budget to $87.4 million. This increase will be directed towards the substantial upgrade of two drilling rigs. One rig is a currently active Australian rig that will be taken out of service for approximately two months in mid-2026 to complete the upgrade following which it will be redeployed under a new long term contract. The second rig is an idle Canadian mechanical double rig that will be upgraded to an AC electric triple pad rig.   This upgrade follows the upgrade of a similar idle Canadian rig in 2025 that commenced operations in November 2025 and whose performance has exceeded expectations. Demand for this class of rig is very strong and the Company will look to contract the rig near completion which is expected by the first quarter of 2027. Total Energy intends to finance its 2026 capital budget with cash on hand and cash flow.

Total Energy enters its 30^th year in business with cautious optimism and a continued commitment to its founding principles of “Focus, Discipline and Growth” that have served it well over the past three decades and numerous industry cycles.

Conference Call

At 9:00 a.m. (Mountain Time) on March 11, 2026 Total Energy will conduct a conference call and webcast to discuss its fourth quarter financial results. Daniel Halyk, President & Chief Executive Officer, will host the conference call. A live webcast of the conference call will be accessible on Total Energy’s website at www.totalenergy.ca by selecting “Webcasts”. Persons wishing to participate in the conference call may do so by calling (800) 715-9871 or (647) 932-3411. Those who are unable to listen to the call live may listen to a recording of it on Total Energy’s website. A recording of the conference call will also be available until April 10, 2026 by dialing (800) 770-2030 (passcode 1002576).

Selected Financial Information

Selected financial information relating to the three months and the year ended December 31, 2025 and 2024 is included in this news release. This information should be read in conjunction with the condensed interim consolidated financial statements of Total Energy and the notes thereto as well as management’s discussion and analysis to be issued in due course and in the Company’s 2025 Annual Report.

Segmented Information

The Company provides a variety of products and services to the energy and other resource industries through five reporting segments, which operate substantially in three geographic regions. These reporting segments are Contract Drilling Services, which includes the contracting of drilling equipment and the provision of labor required to operate the equipment, Rentals and Transportation Services, which includes the rental and transportation of equipment used in energy and other industrial operations, Compression and Process Services, which includes the fabrication, sale, rental and servicing of gas compression and process equipment and Well Servicing, which includes the contracting of service rigs and the provision of labor required to operate the equipment. Corporate includes activities related to the Company’s corporate and public issuer affairs.

As at and for the three months ended December 31, 2025 (unaudited, in thousands of Canadian dollars)

As at and for the three months ended December 31, 2024 (unaudited, in thousands of Canadian dollars)

⁽¹⁾ Corporate includes the Company’s corporate activities and obligations pursuant to long-term credit facilities.
⁽²⁾   Includes property, plant and equipment, lease asset (excluding current portion) and goodwill.

As at and for the year ended December 31, 2025 (in thousands of Canadian dollars)

As at and for the year ended December 31, 2024 (in thousands of Canadian dollars)

⁽¹⁾ Corporate includes the Company’s corporate activities and obligations pursuant to long-term credit facilities.
⁽²⁾ Includes property, plant and equipment, lease asset (excluding current portion) and goodwill.

Total Energy provides contract drilling services, equipment rentals and transportation services, well servicing and compression and process equipment and service to the energy and other resource industries from operation centers in North America and Australia. The common shares of Total Energy are listed and trade on the TSX under the symbol TOT.

For further information, please contact Daniel Halyk, President & Chief Executive Officer at (403) 216-3921 or Yuliya Gorbach, Vice-President Finance and Chief Financial Officer at (403) 216-3920 or by e-mail at: investorrelations@totalenergy.ca or visit our website at www.totalenergy.ca.

Notes to the Financial Highlights

(1) EBITDA means earnings before interest, taxes, depreciation and amortization and is equal to net income (loss) before income taxes plus finance costs plus depreciation. EBITDA is not a recognized measure under IFRS. Management believes that in addition to net income (loss), EBITDA is a useful supplemental measure as it provides an indication of the results generated by the Company’s primary business activities prior to consideration of how those activities are financed, amortized or how the results are taxed in various jurisdictions as well as the cash generated by the Company’s primary business activities without consideration of the timing of the monetization of non-cash working capital items. Readers should be cautioned, however, that EBITDA should not be construed as an alternative to net income determined in accordance with IFRS as an indicator of Total Energy’s performance. Total Energy’s method of calculating EBITDA may differ from other organizations and, accordingly, EBITDA may not be comparable to measures used by other organizations.

(2) Working capital equals current assets minus current liabilities.

(3) Net Debt equals long-term debt plus lease liabilities plus current liabilities minus current assets. Management believes this measure provides a useful indication of the Company’s liquidity.

(4) Basic and diluted shares outstanding reflect the weighted average number of common shares outstanding for the periods. See note 17 to the Company’s 2025 Financial Statements.

Certain statements contained in this press release, including statements which may contain words such as “could”, “should”, “expect”, “believe”, “will” and similar expressions and statements relating to matters that are not historical facts are forward-looking statements. Forward-looking statements are based upon the opinions and expectations of management of Total Energy as at the effective date of such statements and, in some cases, information supplied by third parties. Although Total Energy believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions and that information received from third parties is reliable, it can give no assurance that those expectations will prove to have been correct.

In particular, this press release contains forward-looking statements concerning industry activity levels, including expectations regarding Total Energy’s future activity levels, market share and compression and process production activity. Such forward-looking statements are based on a number of assumptions and factors including fluctuations in the market for oil and natural gas and related products and services, political and economic conditions, central bank interest rate policy, the demand for products and services provided by Total Energy, Total Energy’s ability to attract and retain key personnel and other factors. Such forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performance or achievements of Total Energy to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Reference should be made to Total Energy’s most recently filed Annual Information Form and other public disclosures (available at http://www.sedarplus.ca/) for a discussion of such risks and uncertainties.

The TSX has neither approved nor disapproved of the information contained herein.

CALGARY, Alberta, Feb. 02, 2026 (GLOBE NEWSWIRE) — Total Energy Services Inc. (“Total Energy”) (TSX:TOT) will conduct a conference call and webcast following the release of its financial results for the three months ended December 31, 2025. The financial results will be released prior to the conference call. Daniel Halyk, President and CEO will host the call.

A live webcast of the conference call will be accessible on Total Energy’s website at www.totalenergy.ca by selecting “Webcasts”.

Shortly after the live webcast, an archived version will be available on Total Energy’s website. A recording of the conference call will also be available until April 10, 2026, by dialing (800) 770-2030, passcode 1002576.

Headquartered in Calgary, Alberta, Total Energy provides contract drilling services, equipment rentals and transportation services, well servicing and compression and process equipment and service to the energy and other resource industries from operation centers in North America and Australia. The common shares of Total Energy are listed and trade on the TSX under the symbol “TOT”.

For further information, please contact Yuliya Gorbach, Vice-President Finance and Chief Financial Officer at (403) 216-3920 or by e-mail at: investorrelations@totalenergy.ca or visit our website at www.totalenergy.ca.

The TSX has neither approved nor disapproved of the information contained herein.

CALGARY, Alberta, Jan. 13, 2026 (GLOBE NEWSWIRE) — Total Energy Services Inc. (TSX:TOT) (“Total Energy” or the “Company”) announces its preliminary 2026 capital expenditure budget of $55.8 million, which includes $34.8 million of maintenance capital and $21.0 million of growth capital. The Company intends to finance its capital expenditure program with cash on hand and cash flow from operations.

$28.4 million of the 2026 maintenance capital budget will be directed towards equipment maintenance and re-certifications as well as the purchase of new drill pipe. The remaining $6.4 million is non-recurring and includes $4.0 million for the upgrade and harmonization of enterprise resource planning systems across all business segments and $2.4 million for the acquisition of an operating facility located in the United States that is currently leased by the Compression and Process Services (“CPS”) segment.

2026 growth capital relates primarily to the construction of a new service rig to be deployed in Australia and continued growth of the North American natural gas compression fleet. The Australian service rig is expected to be completed and commence operations by the second quarter of 2027 under a long term contract.

In addition, approximately $24.5 million of 2025 capital expenditure commitments will carry into 2026. These commitments relate primarily to the previously announced expansion of the CPS segment’s fabrication capacity in the United States, the upgrade and reactivation of an idle Australian service rig and upgrades to several Canadian drilling rigs that are currently working. The CPS segment’s expansion is expected to be completed by the first quarter of 2027 and the Australian service rig is expected to be completed and commence operations by the second quarter of 2026.

The Board of Directors of Total Energy has also approved a 20% increase to the Company’s quarterly dividend to $0.12 per common share beginning for the quarter ended March 31, 2026.

Total Energy provides contract drilling services, rentals and transportation services, well servicing and compression and process equipment and service to energy and other resource industries from operation centers in North America and Australia. The common shares of Total Energy are listed and trade on the TSX under the symbol TOT.

For further information, please contact Daniel Halyk, President & CEO at (403) 216-3921 or by e-mail at: investorrelations@totalenergy.ca or visit our website at www.totalenergy.ca.

The TSX has neither approved nor disapproved of the information contained herein.

CALGARY, Alberta, Nov. 12, 2025 (GLOBE NEWSWIRE) — Total Energy Services Inc. (“Total Energy” or the “Company”) (TSX:TOT) announces its consolidated financial results for the three months ended September 30, 2025.

Financial Highlights
($000’s except per share data, unaudited)

Notes 1 through 4 please refer to the Notes to the Financial Highlights set forth at the end of this release.

nm – calculation not meaningful

Total Energy’s financial results for the third quarter of 2025 reflect improved Australian financial results following the upgrade and reactivation of several drilling and service rigs, continued strong North American demand for compression and process equipment and competitive North American drilling and completion market conditions. Negatively impacting 2025 third quarter results was a $1.8 million year over year change in foreign currency exchange impact on Compression and Process Services segment financial results and a $1.5 million year over year increase in share based compensation expense due to share price appreciation.

Contract Drilling Services (“CDS”)

⁽¹⁾ See Note 1 of the Notes to the Financial Highlights set forth at the end of this release.
⁽²⁾ Operating days includes drilling and paid standby days.

Third quarter CDS segment activity was lower in 2025 compared to 2024 due to a year over year decline in North American onshore drilling activity. Canadian activity was also negatively impacted by customer consolidation and a loss of market share in more competitive areas of the market. Partially offsetting the North American decline was increased Australian activity following the reactivation of several upgraded drilling rigs over the past year. The year over year increase in third quarter Australian revenue per operating day reflects higher day rates received for upgraded drilling rigs.

Rentals and Transportation Services (“RTS”)

⁽¹⁾ See Note 1 of the Notes to the Financial Highlights set forth at the end of this release.

RTS segment revenue increased for the third quarter of 2025 compared to 2024 due to stable activity in Canada and the acquisition of 280 major rental pieces located in Oklahoma on June 10, 2025. Despite a year over year increase in revenue per utilized piece of rental equipment arising from a change in the mix of operating equipment, third quarter segment EBITDA decreased compared to 2024 as competitive market conditions did not allow for price increases necessary to offset cost inflation.

Compression and Process Services (“CPS”)

⁽¹⁾ See Note 1 of the Notes to the Financial Highlights set forth at the end of this release.
⁽²⁾ Rental equipment utilization is measured on a horsepower basis.

2025 third quarter CPS segment revenue was higher compared to 2024 due to increased North American fabrication sales and parts and service activity that was partially offset by lower compression rental fleet utilization. The year over year decline in third quarter segment EBITDA was a result of a negative $1.8 million foreign currency exchange impact resulting from a declining Canadian dollar relative to the U.S. dollar, the timing of execution of certain low margin fabrication projects and cost inflation arising from tariff related supply chain challenges. Sequentially, the quarter end fabrication sales backlog increased by $76.9 million, or 25%, from the $303.9 million backlog at June 30, 2025.

Well Servicing (“WS”)