Key Energy Services, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company's revenues were $117,253,000 against $116,280,000 a year ago. Operating loss was $15,113,000 against $16,074,000 a year ago. Net loss was $23,078,000 against $22,327,000 a year ago. Basic and diluted loss per share was $1.14 against $1.11 a year ago.

For the year, the company's revenues were $521,695,000 against $436,165,000 a year ago. Operating loss was $58,966,000 against $96,180,000 a year ago. Net loss was $88,796,000 against $120,589,000 a year ago. Basic and diluted loss per share was $4.38 against $6.00 a year ago.

For the first quarter of 2019, the company expects revenues to increase from the fourth quarter of 2018 between 1.0% to 5.0%, with further improvement in the following quarter as the company moves past seasonal impacts and its clients execute on their 2019 plans.