Ensign Energy Services Inc. announced today an amendment to its Credit Facility, demonstrating its ongoing commitment to prudent financial management and enhanced liquidity. The available borrowings under the Credit Facility were originally scheduled to be reduced by $75.0 million on June 30, 2025. The Company has had the terms of its Credit Facility amended so that there will be a phased reduction of $25.0 million on [...]
2024 HIGHLIGHTS The Company's fourth quarter and year-end 2024 results reflect the Company's commitment to cash flow generation, continued debt repayments, and the ability to leverage the Company's operational geographic footprint. Revenue for 2024 was $1,684.2 million, a six percent decrease from 2023 revenue of $1,791.8 million. Revenue amounts and percentage of total by geographic area: Canada - $496.5 million, 29 [...]
Ensign Energy Services Inc. is scheduled to release its fourth quarter and year-ended 2024 results before the markets open on Friday, March 7, 2025. A conference call and webcast has been scheduled for 10:00 AM MST on Friday, March 7, 2025. The conference participant call in numbers are as follows: US/Canada Dial-in #: 510-2154 or Local/Int'l Dial-In #: 900-0527 Conference ID #: 93898 A live webcast of the conference call [...]
Ensign Energy Services Inc. is pleased to announce the closing of a non-brokered private placement of unsecured, subordinated convertible debentures of the Corporation , for gross proceeds of CAD $25 million. The Debentures bear interest from the date of closing at 7.50% per annum, payable semi-annually in arrears, on April 1 and October 1 of each year, with the first payment of interest due on April 1, 2025. The [...]
Ensign Energy Services Inc. is scheduled to release its third quarter 2024 results before the markets open on Friday, November 1, 2024. A conference call and webcast has been scheduled for 10:00 AM MST on Friday, November 1, 2024. The conference participant call in numbers are as follows: US/Canada Dial-in #: 510-2154 or Local/Int'l Dial-In #: 900-0527 Conference ID #: 11652 A live webcast of the conference call can be [...]
FINANCIAL HIGHLIGHTS Three months ended June 30 Six months ended June 30 2024 2023 % change 2024 2023 % change Revenue $ 391,792 $ 432,770 $ 823,099 $ 916,822 Adjusted EBITDA 1 100,222 116,616 217,678 243,940 Adjusted EBITDA per common share 1 Basic $0.54 $0.64 $1.18 $1.33 Diluted $0.54 $0.63 $1.18 $1.32 Net income attributable to common shareholders 10,302 nm 14,543 nm Net income attributable to common shareholders per [...]
Ensign Energy Services Inc. is scheduled to release its second quarter 2024 results before the markets open on Friday, August 2, 2024. A conference call and webcast has been scheduled for 10:00 AM MST on Friday, August 2, 2024. The conference participant call in numbers are as follows: US/Canada Dial-in #: 664-6392 or Local/Int'l Dial-In #: 764-8659 Conference ID #: 14304699 A live webcast of the conference call can be [...]
Ensign Energy Services Inc. is pleased to announce the results of the election of directors held at the Company's annual meeting on May 3, 2024. Each of the nominee directors listed in the Company's management information circular dated March 14, 2024 was elected as a director. The results of the voting for each individual director are set forth below: Name of Nominee Votes For % For Votes Withheld % Withheld Donna Carson [...]
FIRST QUARTER HIGHLIGHTS Revenue for the first quarter of 2024 was $431.3 million, an 11 percent decrease from the first quarter of 2023 revenue of $484.1 million. Revenue by geographic area: Canada - $138.5 million, 32 percent of total; United States - $208.4 million, 48 percent of total; and International - $84.4 million, 20 percent of total. Adjusted EBITDA for the first quarter of 2024 was $117.5 million, an eight [...]
Ensign Energy Services Inc. is scheduled to release its first quarter 2024 results before the markets open on Monday, May 6, 2024. A conference call and webcast has been scheduled for 10:00 AM MST on Monday May 6, 2024. The conference participant call in numbers are as follows: US/Canada Dial-in #: 664-6392 or Local/Int'l Dial-In #: 764-8659 Conference ID #: 94456031 A live webcast of the conference call can be accessed [...]
2023 HIGHLIGHTS Ensign's fourth quarter and year-end 2023 results reflect the Company's commitment to revenue rate discipline, focus on cash flow generation, and continued debt reduction. Revenue for 2023 was $1,791.8 million, a 14 percent increase from 2022 revenue of $1,577.3 million. Revenue amounts and percentage of total by geographic area: Canada - $446.4 million, 25 percent; United States - $1,040.8 million, 58 [...]
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