Ensign Energy Services (TSE:ESI) reported higher second-quarter revenue and adjusted EBITDA as operating activity increased across Canada, the United States and international markets, while the company continued to reduce debt and prepared to close its acquisition of Citadel…
illing Ltd. Revenue for the second quarter of 2026 rose 7% year over year to C$397.3 million
Adjusted EBITDA increased 6% to C$85.8 million, compared with C$81.4 million in the prior-year quarter. For the first six months of 2026, revenue increased 1% to C$815.4 million, while adjusted EBITDA declined 2% to C$180.7 million. CFO Trevor Russell said the quarterly EBITDA improvement primarily reflected higher operating activity, partly offset by the foreign-exchange impact of translating U.S.-dollar-denominated revenue.
Operating days increased 7% in Canada to 2,667, 5% in the U.S. to 3,088 and 15% internationally to 1,246. Debt Reduction and Capital Spending Ensign repaid C$30 million of debt during the quarter and C$37.37 million during the first six months of the year. Interest expense fell 13% year over year to C$16.1 million, which Russell attributed to lower debt, lower effective interest rates and foreign-exchange translation effects.