Key Energy Services, Inc. Reports Consolidated Unaudited Earnings Results for the Second Quarter Ended June 30, 2019
August 08, 2019 at 06:15 pm EDT
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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. is an onshore, rig-based well servicing contractor. The Company provides a range of well services to oil companies and independent oil and natural gas production companies. The Company's segments include Rig Services, Fishing and Rental Services, and Coiled Tubing Services. The Rig Services segment includes the completion of newly drilled wells, workover and recompletion of existing oil and natural gas wells, well maintenance, and the plugging and abandonment of wells. The Fishing and Rental Services segment offers a line of fishing services and rental equipment designed for use in providing both onshore drilling and workover services. The Coiled Tubing Services segment involves the use of metal pipe spooled onto a large reel which is then deployed into oil and natural gas wells to perform various applications.
KEY ENERGY SERVICES, INC. 
