Basic Energy Services, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported total revenues of $233,460,000 compared to $141,610,000 a year ago. Operating loss was $6,807,000 compared to $68,856,000 a year ago. Loss before income tax was $15,585,000 compared to $92,096,000 a year ago. Net loss was $13,845,000 compared to $92,097,000 a year ago. Basic and diluted loss per share was $0.53 compared to $2.16 a year ago. EBITDA was $22,780,000 compared to LBITDA of $15,015,000 a year ago. Adjusted EBITDA was $26,543,000 compared to adjusted LBITDA of $4,673,000 a year ago. Third quarter was negatively impacted by an estimated loss of $3.0 million in revenue related to Hurricane Harvey. Adjusted net loss was $6.1 million or $0.24 per share. Total capital expenditures during the third quarter of 2017 were approximately $28.9 million (including capital leases and other financing of $11.8 million), comprised of $1.6 million for expansion projects, $26.6 million for sustaining and replacement projects and $672,000 for other projects. 

For the nine months, the company reported total revenues of $628,775,000 compared to $391,970,000 a year ago. Operating loss was $50,965,000 compared to $203,077,000 a year ago. Loss before income tax was $77,779,000 compared to $269,202,000 a year ago. Net loss was $76,413,000 compared to $265,319,000 a year ago. Basic and diluted loss per share was $2.94 compared to $6.32 a year ago. EBITDA was $30,225,000 compared to LBITDA of $37,896,000 a year ago. Adjusted EBITDA was $37,319,000 compared to adjusted LBITDA of $27,293,000 a year ago.

The company currently anticipates 2017 capital expenditures of $135 million, including $70 million of capital leases and other financings. This includes committed expansion capital expenditures of $45 million in 2017. The expansion capital consists of $43 million for completion and remedial services and $2 million for the well servicing segment.