A method of hydrodynamic discrete sources is applied for two-dimensional modeling of stepped planing surfaces. The water surface deformations, wetted hull lengths, and pressure distribution are calculated at given hull attitude and Froude number. Pressurized air cavities that improve hydrodynamic performance can also be modeled with the current method. Presented results include validation examples, parametric calculations of a single-step hull, effect of trim tabs, and performance of an infinite series of periodic stepped surfaces. It is shown that transverse steps can lead to higher lift-drag ratio, although at reduced lift capability, in comparison with a stepless hull. Performance of a multi-step configuration is sensitive to the wave pattern between hulls, which depends on Froude number and relative hull spacing.