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Ensign Engy Services (TSE:ESI)
TSX:ESI
Holding TSE:ESI?
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Earnings Data
Report Date
Feb 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.02Last Year’s EPS
0.17Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: 15.71%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements in debt reduction and strong performance in the Canadian and international markets. However, these positives were counterbalanced by declines in U.S. operations, decreased revenue, and increased depreciation expenses.Company Guidance
The guidance provided in the Ensign Energy Services Inc.'s Q3 2024 earnings call included several key metrics and expectations for the company's future performance. Ensign reported a revenue of $434.6 million for the third quarter, a slight decrease compared to the previous year, while achieving a 1% increase in adjusted EBITDA to $119 million. The company highlighted a significant debt repayment effort, having reduced $135 million year-to-date with the aim of achieving a $600 million reduction over the next three years. Operationally, Ensign experienced an 18% increase in operating days in Canada compared to a 14% decrease in the U.S. for Q3 2024. International operations remained steady, contributing to a stable outlook. The company also discussed the strategic deployment of high-spec rigs and the expansion of its EDGE AutoPilot technology, which supports rate increases and enhanced performance contracts. Looking ahead, Ensign expects continued solid activity levels globally, with a focus on maintaining free cash flow and further debt reduction.Debt Reduction Progress
Ensign addressed $45 million of debt reduction in the quarter, totaling $135 million year-to-date, on track to reduce $600 million of debt over the next 3 years.
Strong Canadian Market Performance
Canadian operations achieved 3,861 operating days, an 18% increase from the previous year, with high-spec rigs booked well into 2025.
International Market Stability
International operations recorded 1,269 operating days, consistent year-over-year, with 17 out of 30 high-spec rigs active.
Interest Expense Reduction
Interest expense decreased by 24% to $23.8 million from $31.3 million, due to lower debt levels and reduced effective interest rates.
EDGE AutoPilot Expansion
Continued expansion and deployment of the EDGE AutoPilot platform globally, contributing to competitive differentiation and incremental revenue.
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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 |
|---|---|---|---|
| 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% |
| Mar 01, 2024 | C$2.09 | C$2.37 | +13.40% |
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 Feb 28, 2025, TBA Not Confirmed.
What is Ensign Engy Services (TSE:ESI) earnings time?
Ensign Engy Services (TSE:ESI) earnings time is at Feb 28, 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 2024 (Q4) is 0.02.
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