Key Energy Services Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenues of $110,653,000 compared to $102,406,000 for the same period a year ago. Operating loss was $34,744,000 compared to $109,588,000 for the same period a year ago. Loss before tax income taxes was $38,316,000 compared to $130,862,000 for the same period a year ago. Net loss was $38,220,000 compared to $130,752,000 for the same period a year ago. Loss per share, basic and diluted was $1.90 compared to $0.81 for the same period a year ago. LBITDA was $9,294,000 compared to $76,379,000 for the same period a year ago. Adjusted EBITDA was $639,000 compared to adjusted LBITDA of $14,406,000 for the same period a year ago. Capital expenditures for the third quarter of 2017 were $2.4 million. Cash flow used in operations was $21.4 million for the third quarter as compared to $14.5 million used in the second quarter of 2017.

For the nine months, the company reported revenues of $319,885,000 compared to $308,506,000 for the same period a year ago. Operating loss was $80,106,000 compared to $242,261,000 for the same period a year ago. Loss before tax income taxes was $99,500,000 compared to $305,657,000 for the same period a year ago. Net loss was $98,262,000 compared to $305,168,000 for the same period a year ago. Loss per share, basic and diluted was $4.89 compared to $1.90 for the same period a year ago. Capital expenditures were $9.6 million.

The company expected CapEx to be around $5 million in the fourth quarter of 2017.