Ensign Energy Services Inc. (ESVIF) Q3 2024 Earnings Call Transcript Summary
Ensign Energy Services Inc. (ESVIF) Q3 2024 Earnings Call Transcript Summary
The following is a summary of the Ensign Energy Services Inc. (ESVIF) Q3 2024 Earnings Call Transcript:
以下是Ensign Energy Services Inc. (ESVIF) Q3 2024 業績會議呼叫記錄摘要:
Financial Performance:
金融業績:
Third quarter revenue was $434.6 million, representing a 2% decrease year-over-year.
Adjusted EBITDA for Q3 2024 totaled $119 million, a 1% increase compared to the prior year.
The company reduced its debt by $135 million year-to-date and plans to continue debt reduction towards a $600 million target over three years.
Capital expenditures for Q3 2024 were $33.5 million, with continuation of investment in maintenance and upgrade projects.
第三季度營業收入爲43460萬美元,同比下降2%。
Q3 2024調整後的EBITDA總額爲11900萬美元,與去年同期相比增長1%。
公司截至目前爲止減少了13500萬美元的債務,並計劃在三年內繼續減少至60000萬美元的目標。
2024年第三季度資本支出爲3350萬美元,繼續投資於維護和升級項目。
Business Progress:
業務進展:
Canadian operations saw an 18% increase in operating days, leading in company's activity growth.
A focus on high-spec rig demand in Canada, with considerable bookings into 2025.
International operations remained steady, with 17 out of 30 rigs active.
Continued deployment and expansion of EDGE Autopilot drilling rig control systems.
加拿大業務運轉天數增長了18%,帶動了公司的活動增長。
加拿大高規格鑽機需求受關注,截至2025年仍有大量訂單。
國際業務保持穩定,30臺鑽機中有17台在運行。
持續部署和擴展EDGE自動駕駛鑽機控制系統。
Opportunities:
機會:
High-spec drilling rigs in Canada are fully booked till the first quarter of 2025, indicating strong future activity and potential rate increases.
International contracts, especially in the Middle East, show strong demand with performance-based contracts enhancing revenue prospects.
加拿大高規格鑽機訂單已被預訂至2025年第一季度,表明未來活動強勁,有望增加費率。
國際合同尤其是在中東地區,顯示出強勁需求,基於績效的合同提升了營業收入前景。
Risks:
風險:
The U.S. operation faces challenges with depressed natural gas prices and reduced short-term work due to recent mergers and acquisitions impacting drilling activity.
美國業務面臨困難,天然氣價格下跌,最近的併購影響了鑽井活動,短期工作減少。
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:如需更全面的詳情,請參閱投資人關係網站。本文僅供投資者參考,不作任何指引或建議。
譯文內容由第三人軟體翻譯。