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Ensign Energy Services Inc. (T:ESI)

Business Focus: Oil & Gas Drilling

Sector:  Energy Industry:  Oil & Gas Drilling
See Regulatory Filings on SEDAR
Company Contact
Address: 400, 5th Avenue SW, Suite 1000
Tel: N/A
IR: See website
Key People
Norman Murray Edwards
Non-Independent Chairman of the Board
Robert H. Geddes
President, Chief Operating Officer, Director
Michael R. Gray
Chief Financial Officer
Thomas Joseph Connors
Executive Vice President - Canadian Operation
Brent J. Conway
Executive Vice President
Michael Rudy Nuss
Executive Vice President United States and Latin American Operations
Business Overview
Ensign Energy Services Inc. is a Canada-based company engaged in the business of providing oilfield services to the oil and gas industry in Canada, the United States and internationally. Its oilfield services include drilling and well servicing, oil sands coring, directional drilling, underbalanced and managed pressure drilling, equipment rentals and transportation. The Company's Canadian operations span the four western provinces of British Columbia, Alberta, Saskatchewan and Manitoba and include the Northwest Territories and the Yukon. In the United States, the Company operates in the Rocky Mountain and southern regions, as well as the states of California, New Mexico, North Dakota, Pennsylvania and South Dakota. Internationally, it operates in Australia, Argentina, Bahrain, Kurdistan, Kuwait, Mexico, Oman, United Arab Emirates and Venezuela. It owns Trinidad Drilling International (TDI), which owns and operates approximately five drilling rigs in Mexico, Kuwait and Bahrain.
Financial Overview
For the six months ended 30 June 2020, Ensign Energy Services Inc revenues decreased 30% to C$578.6M. Net loss before extraordinary items decreased 16% to C$45.1M. Revenues reflect Service Revenue segment decrease of 20% to C$117M, United States Oilfield Services segment decrease of 18% to C$214.6M. Lower net loss reflects Financing charges decrease of 16% to C$64.8M (expense), General and administrative decrease of 25% to C$22.5M (expense).
Employees: 500 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $1,679M as of Jun 30, 2020
Annual revenue (TTM): $1,348M as of Jun 30, 2020
EBITDA (TTM): $332.02M as of Jun 30, 2020
Net annual income (TTM): -$154.46M as of Jun 30, 2020
Free cash flow (TTM): $215.35M as of Jun 30, 2020
Net Debt Last Fiscal Year: $1,471M as of Jun 30, 2020
Shares outstanding: 162,728,897 as of Jun 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization