Ensign Energy beats Q3 revenue estimates, revises debt reduction target to H1 2026

Ensign Energy Services

07/11/2025 10:09

Overview

Ensign Energy Q3 revenue beats analyst expectations despite a 5% yr/yr decline

Adjusted EBITDA for Q3 2025 falls 17% yr/yr

Company records Q3 net loss of C$3.3 mln, down from net income last year

Outlook

Ensign revises debt reduction target to first half of 2026 due to industry conditions

Company budgets 2025 maintenance capital expenditures at C$154.0 mln

Geopolitical tensions and OPEC+ changes add uncertainty to oil and gas markets

Result Drivers

GEOPOLITICAL TENSIONS - Co cites geopolitical tensions and global trade uncertainties as factors affecting results

U.S. OPERATIONS IMPACT - U.S. operations affected by customer capital discipline and rig reactivation costs

INTERNATIONAL DECLINE - International revenue decreased due to rigs coming off contract

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
C$411.20 mln
C$404.50 mln (4 Analysts)
Q3 EPS
-C$0.02
Q3 Net Income
-C$3.30 mln
Q3 Adjusted EBITDA
C$98.60 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas drilling peer group is "buy."

Wall Street's median 12-month price target for Ensign Energy Services Inc is C$3.00, about 19.7% above its November 6 closing price of C$2.41

Press Release: ID:nCNWjL770a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)