Followers | 7 |
Posts | 604 |
Boards Moderated | 0 |
Alias Born | 03/08/2017 |
Friday, May 12, 2017 5:17:00 PM
In its first full quarter since emerging from bankruptcy, Key Energy (KEG -6%) on Wednesday night reported adjusted EBTIDA of negative $11M, and adjusted pretax loss of $39.7M or $1.97 per share.
Rig services revenue of $60.3M was down 2.4% from Q4; fluid management services revenue of $17.9M down 0.5%; coiled tubing services revenue of $5.3M down 30.3%; fishing and rental services revenue of $15.9M up 5.8%.
International revenue of $2.1M down 64.8%.
Excluding activity put off by a large customer in CA thanks to heavy rains, rig services revenue was up 8% from Q4.
Management is seeing increases in activity and additional traction on discount recovery thus far in Q2. The company expects to see Q2 revenue growth of 10% with strong incremental margins.
Previously: Key Energy Services EPS of -$2.33 (May 10)
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM