Overview

* Ensign Energy Q3 revenue beats analyst expectations despite a 5% yr/yr decline

* Adjusted EBITDA for Q3 2025 falls 17% yr/yr

* Company records Q3 net loss of C$3.3 mln, down from net income last year

Outlook

* Ensign revises debt reduction target to first half of 2026 due to industry conditions

* Company budgets 2025 maintenance capital expenditures at C$154.0 mln

* Geopolitical tensions and OPEC+ changes add uncertainty to oil and gas markets

Result Drivers

* GEOPOLITICAL TENSIONS - Co cites geopolitical tensions and global trade uncertainties as factors affecting results

* U.S. OPERATIONS IMPACT - U.S. operations affected by customer capital discipline and rig reactivation costs

* INTERNATIONAL DECLINE - International revenue decreased due to rigs coming off contract

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat C$411.20 C$404.50

Revenue mln mln (4

Analysts

)

Q3 EPS -C$0.02

Q3 Net -C$3.30

Income mln

Q3 C$98.60

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "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 ( ESVIF ) is C$3.00, about 19.7% above its November 6 closing price of C$2.41

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)