Canadian oilfield services company Ensign Energy Services Inc. reports Q1 2024 net loss of $1.2m and 11% revenue decline from previous year.
Ensign Energy Services Inc., a Canadian oilfield services company, reported a Q1 net loss of $1.2m (1 penny per diluted share) in 2024, compared to a profit of $4.2m (2 cents per diluted share) in Q1 2023. Revenue fell 11% to $431.3m from $484.1m in the same period last year, due to decreased operating days and hours across Canada, the US, and the company's international drilling business.
May 06, 2024
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