March 12 (Reuters) - Total Energy Services Inc TOT.TO :
* TOTAL ENERGY SERVICES INC. ANNOUNCES Q4 2019 RESULTS
* TOTAL ENERGY SERVICES INC - QTRLY EARNINGS PER SHARE $0.19
* TOTAL ENERGY SERVICES INC - BOARD OF DIRECTORS HAS DETERMINED TO SUSPEND PAYMENT OF A DIVIDEND EFFECTIVE IMMEDIATELY
* TOTAL ENERGY SERVICES INC - TO REDUCE COMPANY'S 2020 CAPITAL EXPENDITURE BUDGET FROM $23.0 MILLION TO $10.0 MILLION
* TOTAL ENERGY SERVICES- DETERMINED TO SUSPEND PAYMENT OF DIVIDEND EFFECTIVE IMMEDIATELY AND REDUCE 2020 CAPEX BUDGET FROM $23.0 MILLION TO $10.0 MILLION
* TOTAL ENERGY SERVICES- UNTIL SUCH TIME AS MARKET CONDITIONS STABILIZE, FCF WILL BE DIRECTED TOWARDS ACCELERATED REPAYMENT OF DEBT AND SHARE BUYBACKS
* TOTAL ENERGY SERVICES- EXPECTS N. AMERICAN INDUSTRY ACTIVITY LEVELS TO FALL IN NEAR TERM
* TOTAL ENERGY SERVICES- INDUSTRY CONDITIONS REMAIN STABLE IN AUSTRALIA AND THE RECENT WILDFIRES HAD NO IMPACT ON TOTAL ENERGY'S AUSTRALIAN OPERATIONS
* TOTAL ENERGY SERVICES- QTRLY REVENUE $151.5 MILLION VERSUS $219.8 MILLION