Key Energy Services, Inc. Reports Consolidated Unaudited Earnings Results for the Second Quarter Ended June 30, 2019
August 08, 2019 at 06:15 pm
Share
Key Energy Services, Inc. announced consolidated unaudited earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was USD 112.943 million compared to USD 144.405 million a year ago. Operating loss was USD 14.427 million compared to USD 8.913 million a year ago. Net loss was USD 18.303 million compared to USD 16.895 million a year ago. Basic loss per share was USD 0.9 compared to USD 0.84 a year ago.
For the half year, sales was USD 222.216 million compared to USD 269.721 million a year ago. Operating loss was USD 29.739 million compared to USD 26.738 million a year ago. Net loss was USD 41.744 million compared to USD 41.858 million a year ago. Basic loss per share was USD 2.05 compared to USD 2.07 a year ago.
Key Energy Services, Inc. provides an array of energy production solutions and services. The Companyâs solutions include well servicing, fishing and rental services and cementing and abandonment. Its fleet of rigs includes a range of classes for production, including completion services. Each rig is available with ancillary equipment to help meet clients' needs. It offers a full line of services and rental equipment to enhance the value of its customers' oil and gas wells. Its rental equipment includes reverse units, drill pipe, tubulars, laydown machines, power swivels, foam air units, fishing and completion tools and others. Its P&A package provides all the equipment necessary to plug and abandon a well, all from a single service provider.