Earnings Call Summary | ENSIGN ENERGY SERVICES INC(ESVIF.US) Q1 2024 Earnings Conference
Earnings Call Summary | ENSIGN ENERGY SERVICES INC(ESVIF.US) Q1 2024 Earnings Conference
The depreciation expense for Q1 increased by 13% to $88.3 million compared to the same period in 2023.The following is a summary of the Ensign Energy Services Inc. (ESVIF) Q1 2024 Earnings Call Transcript:
以下是Ensign Energy Services Inc.（ESVIF）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Ensign Energy Services reported a Q1 2024 revenue of $431.3 million, down by 11% compared to Q1 2023 revenue.
Adjusted EBITDA for Q1 2024 was $117.5 million, an 8% decrease due to lessened activity across North American operations.
The depreciation expense for Q1 increased by 13% to $88.3 million compared to the same period in 2023.
Capital purchases for the quarter amounted to $51.5 million.
The company reduced its total net debt by $13.6 million since the end of 2023, aiming to decrease debt by $200 million in 2024.
Ensign Energy Services報告稱，2024年第一季度收入爲4.313億美元，與2023年第一季度的收入相比下降了11％。
2024年第一季度調整後的息稅折舊攤銷前利潤爲1.175億美元，下降了8％，這是由於北美業務活動減少。
與2023年同期相比，第一季度的折舊費用增長了13％，達到8,830萬美元。
本季度的資本購買額爲5,150萬美元。
自2023年底以來，該公司的淨負債總額減少了1,360萬美元，目標是在2024年減少2億美元的債務。
Business Progress:
業務進展：
There was a 32% decrease in US operations, and a 1% decrease in Canadian operations, while international operations increased by 19%.
Ensign plans to make significant investments in technological enhancements due to growing demand for their automated drill system, EDGE AutoPilot.
The company anticipates a rise in market activity towards Q4 2024, expecting additional drilling rigs to be operational in the US and Canada.
The company foresees a rise in drilling activity and expects an increase in natural gas cogent plants to meet the rising demand for natural gas.
They plan to maintain their fleet size and continue their targeted debt reduction.
美國業務下降了32％，加拿大的業務下降了1％，而國際業務增長了19％。
由於對其自動鑽孔系統EDGE AutoPilot的需求不斷增長，Ensign計劃在技術改進方面進行大量投資。
該公司預計，到2024年第四季度，市場活動將增加，預計美國和加拿大將有更多鑽機投入運營。
該公司預計鑽探活動將增加，並預計天然氣熱電廠將增加，以滿足對天然氣不斷增長的需求。
他們計劃保持機隊規模，並繼續有針對性的債務減免。
More details: ENSIGN ENERGY SERVICES INC IR
更多詳情： ENSIGN 能源服務公司
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。