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Ensign Engy Services (TSE:ESI)
TSX:ESI
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 07, 2025
|% Change Since: -2.86%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
Ensign Energy Services reported achievements in debt reduction, market share growth in Canada, and strong safety records. However, they faced challenges with decreased revenue and EBITDA, reduced U.S. operations, and competitive pricing in Australia. The positive aspects were largely offset by the negative trends.Company Guidance
In the fourth quarter of 2024, Ensign Energy Services provided a comprehensive financial and operational update, highlighting robust performance and strategic achievements. The company successfully reduced its debt by $220 million, surpassing its target of $200 million, and generated $450 million in adjusted EBITDA. Despite a 1% revenue decrease to $426.5 million compared to the previous year, Ensign maintained strong operational metrics, including 100% utilization in the Middle East and Latin America. The company operated approximately 100 rigs daily, upgraded 20 rigs, and expanded drilling solution penetration by 25% year-over-year. Ensign also identified growth opportunities worth $19 million and achieved its second-best safety performance in company history, with three divisions operating incident-free throughout the year. Looking ahead, Ensign aims to reduce its debt further, targeting an additional $200 million reduction in 2025.Debt Reduction Success
Ensign Energy Services reduced debt by $220 million in 2024, exceeding their target of $200 million. Since 2019, they have reduced net debt by $664.6 million.
Market Share Growth in Canada
The company grew its Canadian market share with an 18% year-over-year increase, expanding their client base to three new clients.
100% Utilization in Middle East and Latin America
Ensign achieved full utilization of their rigs in the Middle East and Latin American business units, maintaining strong operational performance.
Safety Performance Milestone
Ensign ended the year with the second-best safety performance in the company's history, with three divisions operating without incidents.
EDGE AutoPilot Technology Expansion
The company expanded its EDGE AutoPilot drilling rig control system by 25% year-over-year, enhancing operational efficiency and profitability.
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TSE:ESI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ESI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 07, 2025 | C$2.45 | C$2.25 | -8.16% |
| Nov 01, 2024 | C$2.80 | C$2.91 | +3.93% |
| Aug 02, 2024 | C$2.53 | C$2.36 | -6.72% |
| May 06, 2024 | C$2.50 | C$2.40 | -4.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ensign Engy Services (TSE:ESI) report earnings?
Ensign Engy Services (TSE:ESI) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Ensign Engy Services (TSE:ESI) earnings time?
Ensign Engy Services (TSE:ESI) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ESI EPS forecast?
TSE:ESI EPS forecast for the fiscal quarter 2025 (Q1) is 0.02.
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