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SEC Filings

8-K
KEY ENERGY SERVICES INC filed this Form 8-K on 08/09/2017
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August 8, 2017

 
 
 


Segment Revenue and Operating Income (in thousands, except for percentages, unaudited):
 
 
Successor
 
 
Predecessor
 
Successor
 
 
Predecessor

 
Three Months Ended June 30, 2017
 
Three Months Ended March 31, 2017
 
 
Three Months Ended June 30, 2016
 
Six Months Ended June 30, 2017
 
 
Six Months Ended June 30, 2016
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Rig Services
 
$
61,802

 
$
60,291

 
 
$
51,502

 
$
122,093

 
 
$
110,490

Fluid Management Services
 
18,867

 
17,895

 
 
19,591

 
36,762

 
 
42,261

Coiled Tubing Services
 
9,165

 
5,341

 
 
7,617

 
14,506

 
 
17,148

Fishing & Rental Services
 
15,776

 
15,855

 
 
13,412

 
31,631

 
 
29,695

International
 
2,170

 
2,070

 
 
2,890

 
4,240

 
 
6,506

Consolidated Total
 
$
107,780

 
$
101,452

 
 
$
95,012

 
$
209,232

 
 
$
206,100

 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Income (Loss)
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Rig Services
 
$
(177
)
 
$
(2,087
)
 
 
$
(13,674
)
 
$
(2,264
)
 
 
$
(20,040
)
Fluid Management Services
 
(3,227
)
 
(6,937
)
 
 
(7,555
)
 
(10,164
)
 
 
(13,827
)
Coiled Tubing Services
 
325

 
(2,285
)
 
 
(6,057
)
 
(1,960
)
 
 
(12,206
)
Fishing & Rental Services
 
17,494

 
(3,877
)
 
 
(8,776
)
 
13,617

 
 
(12,788
)
International
 
(1,352
)
 
(2,300
)
 
 
(4,901
)
 
(3,652
)
 
 
(9,961
)
Functional Support
 
(20,087
)
 
(20,852
)
 
 
(30,203
)
 
(40,939
)
 
 
(63,851
)
Consolidated Total
 
$
(7,024
)
 
$
(38,338
)
 
 
$
(71,166
)
 
$
(45,362
)
 
 
$
(132,673
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Income (Loss) % of Revenues
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Rig Services
 
(0.3
)%
 
(3.5
)%
 
 
(26.6
)%
 
(1.9
)%
 
 
(18.1
)%
Fluid Management Services
 
(17.1
)%
 
(38.8
)%
 
 
(38.6
)%
 
(27.6
)%
 
 
(32.7
)%
Coiled Tubing Services
 
3.5
 %
 
(42.8
)%
 
 
(79.5
)%
 
(13.5
)%
 
 
(71.2
)%
Fishing & Rental Services
 
110.9
 %
 
(24.5
)%
 
 
(65.4
)%
 
43.0
 %
 
 
(43.1
)%
International
 
(62.3
)%
 
(111.1
)%
 
 
(169.6
)%
 
(86.1
)%
 
 
(153.1
)%
Consolidated Total
 
(6.5
)%
 
(37.8
)%
 
 
(74.9
)%
 
(21.7
)%
 
 
(64.4
)%





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