Ensign Energy FY revenue falls 3% on rigs coming off contract in international markets
Overview
Canada oilfield services firm's 2025 revenue fell 3% yr/yr due to reduced international operations
Adjusted EBITDA for 2025 decreased 13% yr/yr
Net loss for 2025 widened significantly compared to 2024
Outlook
Company targets C$600 mln debt reduction by mid-2026
Ensign sees stable global oil demand in 2026
Canadian activity supported by LNG Canada start-up
Result Drivers
INTERNATIONAL OPERATIONS - Revenue decline attributed to rigs coming off contract in international markets
GEOPOLITICAL TENSIONS - Activity in U.S. subdued due to geopolitical tensions and trade uncertainties
FOREIGN EXCHANGE IMPACT - Positive USD translation helped offset net loss
Company press release: ID:nCNWKt4J5a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue |
| C$418.80 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "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$3.25, about 11.4% below its March 5 closing price of C$3.67
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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