Key Energy Services, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2019
May 08, 2019 at 04:55 pm EDT
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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. 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. 
