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Article: Basic Energy Services Reports Third Quarter 2009 Results.(Financial report)

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Energy Weekly News
Article date:
November 13, 2009
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Basic Energy Services, Inc. (NYSE:BAS) ("Basic") announced its financial and operating results for the third quarter and nine months ended September 30, 2009.

Basic generated revenue of $125.0 million during the third quarter of 2009, up 5% from $118.8 million in the second quarter of 2009, and down from the $277.6 million reported in the third quarter of 2008. For the third quarter of 2009, Basic generated a net loss of $23.1 million, or $0.58 per diluted share, which excluded a $2.2 million, or $0.06 per share, after-tax charge associated with the early extinguishment of its revolving credit facility. In the comparable quarter last year, Basic generated net ...

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