Key Energy Services (KEG) Misses Q2 EPS by 4c

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Go back to Key Energy Services (KEG) Misses Q2 EPS by 4c

Key Energy Services Reports Second Quarter 2015 Earnings

July 29, 2015 7:45 PM EDT

HOUSTON, July 29, 2015 /PRNewswire/ -- Key Energy Services, Inc. (NYSE: KEG) reported second quarter 2015 consolidated revenues of $197.5 million and a pre-tax GAAP loss of $96.1 million, or $0.42 per share. The results for the second quarter include:

a pre-tax loss of $21.4 million, or $0.10 per share, related to a pending sale and the associated impairment of our assets in Oman; pre-tax costs of $8.4 million, or $0.04 per share, related to the previously disclosed Foreign Corrupt Practices Act ("FCPA") investigations; a pre-tax loss of $2.1 million, or $0.01 per share,... More