# Total Energy Services Launches Share Buyback Program For Up To 5% Of Common Shares

- URL: https://stocks.freetheai.org/news/total-energy-services-launches-share-buyback-program-for-up-to-5-of-common-52cd14
- Published: 2026-10-19T12:00:00Z
- Category: company_news; sentiment: bullish; impact: medium
- Symbols: [TSX:TOT](https://stocks.freetheai.org/symbols/TSX-TOT)
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Total Energy Services Inc. (TSX:TOT) has received approval for a normal course issuer bid allowing the company to repurchase up to 1,815,000 common shares. The buyback covers roughly 5% of the energy company's 36.3 million shares outstanding and will run from October 21, 2026 through October 20, 2027. Under the rules of the plan, daily repurchases will be capped at 35,239 shares.

The announcement builds on the company's established record of repurchasing equity. Under its previous buyback program, Total Energy Services bought back 1,556,913 shares at an average price of $23.29, utilizing about 85% of its total authorization. Share repurchases decrease the total number of circulating shares, which can increase earnings per share for remaining shareholders and signal management confidence in the business.

Investors will watch how actively the company executes the plan over the coming twelve months and whether execution accelerates relative to previous authorizations. Trading in Total Energy Services shares rose 3.55% to 36.44 CAD following the announcement.

## Key points

- Total Energy Services Inc. will buy back up to 1,815,000 common shares, representing 5% of its total shares outstanding.
- The share buyback program is scheduled to run from October 21, 2026 to October 20, 2027, with a daily limit of 35,239 shares.
- During its previous buyback plan, the company repurchased 1,556,913 shares at an average price of $23.29.
- Shares of Total Energy Services traded up 3.55% at 36.44 CAD following the news.

## Questions and answers

### How many shares is Total Energy Services buying back?

Total Energy Services Inc. is authorized to buy back up to 1,815,000 common shares, which equals approximately 5% of its total shares outstanding.

### When does the Total Energy Services buyback program take place?

The repurchase program begins on October 21, 2026 and runs through October 20, 2027, with a maximum daily limit of 35,239 shares.

### How many shares did Total Energy Services repurchase under its prior plan?

Under its previous bid, Total Energy Services bought back 1,556,913 shares, completing about 85% of its authorization at an average price of $23.29 per share.