Ensign Energy Services Inc. Reports 2026 Second Quarter Results

About this update from Ensign Energy Services Inc.

CALGARY, AB, Aug. 7, 2026 /CNW/ -- FINANCIAL HIGHLIGHTS (Unaudited, in thousands of Canadian dollars, except per common share data)Three months ended June 30Six months ended June 3020262025% change20262025% changeRevenue $  397,329$  372,4157$  815,362$  808,9261Adjusted EBITDA 185,83381,3546180,675183,737(2)Adjusted EBITDA per common share 1Basic$0.46$0.445$0.98$1.00(2)Diluted$0.47$0.454$0.98$1.00(2)Net loss attributable to common shareholders(13,052)(26,397)(51)(24,180)(22,712)6Net loss attributable to common shareholders per common shareBasic$(0.07)$(0.14)(50)$(0.13)$(0.12)8Diluted$(0.07)$(0.14)(50)$(0.13)$(0.12)8Cash provided by operating activities 103,180107,349(4)148,535161,640(8)Funds flow from operations 83,00972,46715171,011169,0581Funds flow from operations per common share Basic$0.45$0.3915$0.93$0.921Diluted$0.44$0.4010$0.92$0.92--Total debt, net of cash909,098955,004(5)909,098955,004(5)Weighted average common shares - basic (000s)184,480184,062--184,269184,099--Weighted average common shares - diluted (000s)185,917184,2791185,252184,475--1  Please refer to Adjusted EBITDA calculation in Non-GAAP Measures.Revenue for the second quarter of 2026 was $397.3 million, an seven percent increase from the second quarter of 2025 revenue of $372.4 million.Revenue for the second quarter of 2026 by geographic area:Canada - $104.7 million, 26 percent of total;United States - $209.1 million, 53 percent of total; andInternational - $83.5 million, 21 percent of total.Adjusted EBITDA for the second quarter of 2026 was $85.8 million, a six percent increase from Adjusted EBITDA of $81.4 million for the second quarter of 2025.Funds flow from operations for the second quarter of 2026 increased 15 percent to $83.0 million from $72.5 million in the second quarter of the prior year.Net loss attributable to common shareholders for the second quarter of 2026 was $13.1 million, down from net loss attributed to common shareholders of $26.4 million for the second quarter of 2025.During the second quarter of 2026, $30.0 million of debt was repaid and a total of $37.0 million was repaid during the first half of 2026. The Company expects total debt repayments for the year of approximately $60.0 million. If industry conditions change, this target could be increased or decreasedInterest expense decreased by 13 percent to $...

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