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Article: Key Energy Services Announces Third Quarter 2009 Results and Credit Facility Amendment.

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PR Newswire
Article date:
October 28, 2009
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Amended Credit Facility Provides Increased Flexibility to Support Continued Growth

HOUSTON, Oct. 28 /PRNewswire-FirstCall/ -- Key Energy Services, Inc. announced its results for the quarter ended September 30, 2009 and an amendment to its credit facility. The company's earnings conference call will be held tomorrow at 9:30 a.m. CDT.

Third Quarter Results

For the third quarter of 2009, Key Energy Services reported revenue of $237.7 million and a net loss of $124.9 million, or $1.03 per fully diluted share. The net loss includes previously announced pre-tax charges of $159.8 million for rig retirements and asset impairments. Excluding these ... 







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