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Ensign Energy Services Inc.

09:49 AM EST - Ensign Energy Services Inc. : reported that its first-quarter net income was $72.7 million or $0.47 per share, compared to $81.80 million or $0.53 per share in the year-ago quarter. Adjusted net income for the quarter was $70.15 million or $0.46 per share, compared to $92.66 million or $0.60 per share in the year-ago quarter. Funds from operations totaled $82.0 million or $0.54 per share, compared to $124.2 million or $0.81 per share in the first quarter of 2008. Revenue for the first quarter totaled $400.4 million, down 15 per cent from $472.2 million in the first quarter of 2008. Ensign Energy Services Inc. shares T.ESI are trading down $0.17 at $14.63.