CA - Ensign Energy Services GAAP EPS of -C$0.17 revenue of C$344.1M

• Ensign Energy Services press release ( OTCPK:ESVIF ): Q2 GAAP EPS of -C$0.17.
• Revenue of C$344.1M (+62.1% Y/Y).
• Adjusted EBITDA for the second quarter of 2022 was C$68.3 million, a 50 percent increase from Adjusted EBITDA of C$45.6 million for the second quarter of 2021.
• Funds flow from operations increased 97 percent to C$81.5M (C$0.47 per common share) in the second quarter of 2022 compared to C$41.3M (C$0.25 per common share) in the second quarter of the prior year.
• Capital expenditures for the 2022 year are targeted to be approximately C$165.0 million of which C$40.0 million relates to growth capital.
• As at June 30, 2022, 24 drilling rigs have be reactivated and upgraded.

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