Ensign Energy Services Faces Q2 Revenue and EBITDA Decline

Ensign Energy Services (TSE:ESI) has released an update.

Ensign Energy Services Inc. has reported a decrease in revenue and adjusted EBITDA for the second quarter of 2024, with revenue falling by 9% and EBITDA by 14% compared to the same period last year. The company also experienced a net loss of $4.5 million, contrasting with a net income of $10.3 million in the second quarter of 2023, while continuing to make significant debt repayments.

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