Basic Energy Services (BAS) Tops Q1 EPS by 19c

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Go back to Basic Energy Services (BAS) Tops Q1 EPS by 19c

Basic Energy Services Reports First Quarter 2019 Results

May 9, 2019 4:30 PM EDT

FORT WORTH, Texas, May 9, 2019 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") today announced its financial and operating results for the first quarter ended March 31, 2019.

FIRST QUARTER 2019 HIGHLIGHTS

Reported revenue of $197.2 million, net loss of $27.5 million and loss per share of $1.02; Generated Adjusted EBITDA1 of $14.4 million and cash from operations of $1.8 million; Total liquidity was $130.0 million at March 31, 2019, comprised of cash and cash equivalents of $63.8 million and undrawn availability under its New ABL Facility (defined below) of $66.2 million; Well... More