Ensign Energy Services Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
November 01, 2024 at 05:00 am
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Ensign Energy Services Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was CAD 434.62 million compared to CAD 444.41 million a year ago. Sales was CAD 434.62 million compared to CAD 444.41 million a year ago. Net income was CAD 5.27 million compared to net loss of CAD 5.23 million a year ago. Net income was CAD 5.27 million compared to net loss of CAD 5.23 million a year ago. Basic earnings per share from continuing operations was CAD 0.03 compared to basic loss per share from continuing operations of CAD 0.03 a year ago. Basic earnings per share from continuing operations was CAD 0.03 compared to basic loss per share from continuing operations of CAD 0.03 a year ago. Diluted earnings per share from continuing operations was CAD 0.03 compared to diluted loss per share from continuing operations of CAD 0.03 a year ago. Diluted earnings per share from continuing operations was CAD 0.03 compared to diluted loss per share from continuing operations of CAD 0.03 a year ago.
For the nine months, sales was CAD 1,257.72 million compared to CAD 1,361.23 million a year ago. Sales was CAD 1,257.72 million compared to CAD 1,361.23 million a year ago. Net loss was CAD 0.538 million compared to net income of CAD 9.31 million a year ago. Net loss was CAD 0.538 million compared to net income of CAD 9.31 million a year ago.
Ensign Energy Services Inc. is a technologically advanced oilfield service provider. It provides oilfield services to the oil and natural gas industry in Canada, the United States and internationally. Its services include drilling, directional drilling, well servicing and rental equipment. Its well services include well completion and re-completions, well abandonment, production workovers, downhole pump servicing and/or replacement, well sidetracking and deepening, fishing and swabbing operations, and corod injection. It offers a comprehensive range of resolutions, customized to meet the needs of its customers, including advanced drilling systems, automation technologies, directional drilling tools, and environmental innovations. Its ASR 150 is a fully automated service rig that eliminates all manual manipulation of tubulars from the pipe rack to the make-up of a connection, reducing the number of personnel on the rig floor. It offers pressure testing, tool rentals or torque wrenches.
ENSIGN ENERGY SERVICES INC. 
