Key Energy Services, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2019
May 08, 2019 at 09:55 pm
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Key Energy Services, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported revenue of $109,273,000 compared to $125,316,000 a year ago. Operating loss was $12,312,000 compared to $17,825,0000 a year ago. Net loss was $23,441,000 compared to $24,963,000 a year ago. Basic and diluted was $1.15 compared to $1.23 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.