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Ensign Energy Services (TSE:ESI)
:ESI
Earnings Data
Report Date
Aug 01, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 12, 2025
|% Change Since: 27.37%
|Next Earnings Date:Aug 01, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture for Ensign Energy Services. While the company made significant strides in debt reduction and revenue growth, challenges such as decreased adjusted EBITDA, declines in international and U.S. operations, and commodity price volatility posed significant hurdles. The company's expansion in Canadian market share and technological advancements were notable positives, but the overall sentiment reflects a balance between achievements and ongoing challenges.Company Guidance
During Ensign Energy Services' first quarter 2025 conference call, key financial metrics and strategic goals were highlighted. The company successfully reduced its debt by $23 million and is targeting a total debt reduction of $200 million for the year. Revenue for Q1 2025 increased slightly by 1% to $436.5 million compared to the same period in 2024, despite a 13% decrease in adjusted EBITDA to $102.4 million. The decrease in adjusted EBITDA was attributed to lower operating activity and one-time expenses related to rig activations and deactivations in the U.S. Ensign's Canadian operations saw a 7% increase in operating days, contrasting with declines in the U.S. and international markets. The company maintained strong market share in Canada and expanded its technological solutions, with a 25% increase in the penetration of its drilling technology solutions app. Ensign's CapEx was tightly controlled, totaling $37 million, down 30% year-over-year, with a 2025 CapEx budget set at $164 million. Additionally, the company reported its best safety performance in history, and interest expenses decreased by 23% due to lower debt levels and effective interest rates.Debt Reduction Success
Ensign Energy Services reduced its debt by $23 million in the first quarter and remains on track to achieve a $200 million debt reduction target for 2025.
Revenue Growth
First quarter revenue increased by 1% to $436.5 million compared to $431.3 million in the previous year.
Canadian Market Share Increase
Ensign grew its market share in Canada with a 3% increase year-over-year and a 7% increase in operating days.
Safety Performance
The company ended the quarter with its best safety performance in history.
Interest Expense Reduction
Interest expense for the first quarter decreased by 23% compared to the first quarter of 2024, due to lower debt levels and effective interest rates.
EDGE Autopilot Expansion
The penetration of the EDGE Autopilot drilling technology solutions app expanded by 25% year-over-year.
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
TSE:ESI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2025 | C$1.90 | C$2.11 | +11.05% |
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% |
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.
FAQ
When does Ensign Energy Services (TSE:ESI) report earnings?
Ensign Energy Services (TSE:ESI) is schdueled to report earning on Aug 01, 2025, TBA Not Confirmed.
What is Ensign Energy Services (TSE:ESI) earnings time?
Ensign Energy Services (TSE:ESI) earnings time is at Aug 01, 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 (Q2) is -0.06.