Market Share Growth in Canadian and U.S. Segments
The company experienced year-over-year market share growth in its Canadian business unit and the U.S., driven by high-spec single and triple rig types.
Debt Reduction and Financial Strategy
Ensign Energy Services successfully reduced $83.8 million of debt in the first nine months of 2025 and plans to achieve a $600 million debt reduction target by the first half of 2026.
Operational Achievements and Technological Advancements
The company operated an average of 25 drill rigs and 50 well service rigs daily, with strong gross margins and successful beta testing of the EDGE AutoDriller Max.
Long-term Contracts Secured
Ensign secured over $1.1 billion in forward contract revenue, with $300 million in long-term contract margin forecast.
Interest Expense Reduction
Interest expense decreased by 23% to $18.4 million due to lower debt levels and effective interest rates.