Ensign Energy Services Inc. (T:ESI)
Business Focus: Oil & Gas Drilling (NEC)
| Sector: Energy | Industry: Oil & Gas Drilling |
| Company Contact | |
| Address: | 400, 5th Avenue SW, Suite 1000 CALGARY AB T2P 0L6 |
| Tel: | N/A |
| Website: | https://www.ensignenergy.com |
| IR: | See website |
| Key People | ||
| Norman Murray Edwards Executive Chairman of the Board | Robert H. Geddes President, Chief Operating Officer, Director | Michael R. Gray Chief Financial Officer |
| Brent J. Conway Executive Vice President - International Operations | Michael Rudy Nuss Executive Vice President, United States Operations | |
| Business Overview |
| Ensign Energy Services Inc. is a Canada-based international oilfield services contractor. The Company provides oilfield services to the oil and natural gas industry in Canada, the United States and internationally. Its services include contract drilling, directional drilling, underbalanced and managed pressure drilling, rental equipment, well servicing and production services. It offers a fleet of rigs, a range of drilling services, and also delivers customized solutions. The Company's 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. The Company's 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 provides pressure testing, tool rentals or torque wrenches. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Ensign Energy Services Inc revenues increased 14% to C$1.79B. Net income increased from C$8.1M to C$41.2M. Revenues reflect Rig rental revenue segment increase of 27% to C$1.39B, United States Oilfield Services segment increase of 17% to C$1.04B, International OilfieldServices segment increase of 22% to C$304.6M. Net income benefited from Stock based compensation decrease of 88% to C$2.3M (expense). |
| Employees: | 400 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,637M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,792M as of Dec 31, 2023 |
| EBITDA (TTM): | $487.89M as of Dec 31, 2023 |
| Net annual income (TTM): | $41.24M as of Dec 31, 2023 |
| Free cash flow (TTM): | $316.68M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,210M as of Dec 31, 2023 |
| Shares outstanding: | 184,456,330 as of Apr 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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