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SEC Filings

8-K
KEY ENERGY SERVICES INC filed this Form 8-K on 02/12/2018
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Slide 3

Q4 2017 Update Q4 2017 U.S. segments revenue increased ~6% compared to Q3 2017 Q4 2017 Rig Services revenue increased ~5% on higher pricing with a ~1% increase in rig hours compared to Q3 2017 Q4 2017 guidance was for Rig Services revenue to remain flat to Q3 2017, a counter-seasonal improvement of ~5 – 7% Q4 2017 Fluid Management Services revenue increased ~12% with truck hours up ~8% compared to Q3 2017 Q4 2017 guidance was for Fluid Management revenue to remain flat to Q3 2017, a counter-seasonal improvement of ~5 – 7% Q4 2017 Coiled Tubing Services revenue increased ~19% compared to Q3 2017 Q4 2017 Adjusted EBITDA margin, excluding International, expected to be flat compared to Q3 2017 due to labor inefficiencies and equipment repair and make-ready costs Management expects labor and equipment inefficiencies to largely normalize in Q1 2018 Price increasing across all business lines