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Ensign Energy Services Reports In-Line Q2 Loss, Revenue Misses Estimates

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Ensign Energy Services (ESI.TO) on Friday reported a Q2 net loss attributable to common shareholders of C$0.07 per share, compared with a net loss of C$0.14 per share in the prior-year period, matching FactSet consensus.

Revenue in the three months through June 30 rose to C$397.3 million from C$372.4 million a year earlier. It missed FactSet consensus of C$413.2 million.

Funds flow from operations increased 15% to C$83.0 million in the second quarter from C$72.5 million in the prior-year period.

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