Impact: Neutral. Ensign reported 2Q16 revenue of $176 mm which was in line with our estimate of $171 mm, but below consensus of $186 mm. EBITDAS of $31 mm was in line with our estimate and consensus which were $31 mm and $32 mm, respectively. The loss per share was $0.23, above our forecasted loss of $0.28 (which was the same as consensus). Ensign has lowered its 2016e capital program to $42.5 mm at the midpoint from $60 mm previously.
09 Aug 2016
REPORTS IN LINE 2Q16, LOWERS 2016E CAPEX
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REPORTS IN LINE 2Q16, LOWERS 2016E CAPEX
Ensign Energy Services Inc. (ESI:TSE) | 0 0 (-1.6%) | Mkt Cap: 1,063m
- Published:
09 Aug 2016 -
Author:
Ian Gillies -
Pages:
3
Impact: Neutral. Ensign reported 2Q16 revenue of $176 mm which was in line with our estimate of $171 mm, but below consensus of $186 mm. EBITDAS of $31 mm was in line with our estimate and consensus which were $31 mm and $32 mm, respectively. The loss per share was $0.23, above our forecasted loss of $0.28 (which was the same as consensus). Ensign has lowered its 2016e capital program to $42.5 mm at the midpoint from $60 mm previously.