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Article: Key Energy Services Announces Second Quarter 2009 Results.
- Article from:
- PR Newswire
- Article date:
- August 6, 2009
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HOUSTON, Aug. 5 /PRNewswire-FirstCall/ -- Key Energy Services, Inc. announced its results for the quarter ended June 30, 2009. The Company's earnings conference call will be held tomorrow at 10:00 a.m. CDT.
Second Quarter Results
For the second quarter of 2009, Key Energy Services reported revenue of $241.5 million, resulting in a net loss of $18.5 million, or $0.15 per fully diluted share. Revenue declined 27% from the previous quarter, and 52% from last year's second quarter as the fundamental environment for the Company's U.S. land-based oil service offerings continued to erode. Comparatively, the average Baker Hughes U.S. land directed rig count ...