Energy and Environmental Services, Inc. Announces Unaudited Financial Results for the Third Quarter Ended September 30, 2019; Provides Earnings Guidance for the Year 2019
The company expects a year-over-year increase in total consolidated revenues, which is positive sign given the current state of the oil and gas industry. Revenue increases from Patriot, Enduro-Bond protective coatings, and D.R. Graham Trucking could make the difference with the drilling rig count down 57% from last year. Sales of chemicals for producing wells were stable, and could increase in this current industry dip as customers seek added value.