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8-K
KEY ENERGY SERVICES INC filed this Form 8-K on 02/27/2018
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February 26, 2017

 
 
 


Segment Revenue and Operating Income (in thousands, except for percentages, unaudited):
 
Successor
 
 
Predecessor
 
Three Months Ended
 
Period from December 16, 2016 through December 31, 2016
 
 
Period from October 1, 2016 through December 15, 2016
 
December 31, 2017 (Unaudited)
 
September 30, 2017 (Unaudited)
 
 
 
Revenues
 
 
 
 
 
 
 
 
U.S. Rig Services
$
64,804

 
$
61,933

 
$
8,549

 
 
$
53,250

Fluid Management Services
23,251

 
20,713

 
3,208

 
 
14,778

Coiled Tubing Services
14,861

 
12,499

 
1,392

 
 
6,275

Fishing & Rental Services
13,364

 
14,177

 
3,389

 
 
12,017

International

 
1,331

 
1,292

 
 
4,597

Consolidated Total
$
116,280

 
$
110,653

 
$
17,830

 
 
$
90,917

 
 
 
 
 
 
 
 
 
Operating Income (Loss)
 
 
 
 
 
 
 
 
U.S. Rig Services
$
(854
)
 
$
(502
)
 
$
(1,930
)
 
 
$
(10,416
)
Fluid Management Services
(2,106
)
 
(7,262
)
 
(1,138
)
 
 
(10,884
)
Coiled Tubing Services
1,737

 
1,854

 
(256
)
 
 
(2,744
)
Fishing & Rental Services
(3,745
)
 
(2,366
)
 
(265
)
 
 
(6,669
)
International
(213
)
 
(1,128
)
 
67

 
 
(4,876
)
Functional Support
(10,893
)
 
(25,340
)
 
(5,326
)
 
 
(24,751
)
Consolidated Total
$
(16,074
)
 
$
(34,744
)
 
$
(8,848
)
 
 
$
(60,340
)
 
 
 
 
 
 
 
 
 
Operating Income (Loss) % of Revenues
 
 
 
 
 
 
 
 
U.S. Rig Services
(1.3
)%
 
(0.8
)%
 
(22.6
)%
 
 
(19.6
)%
Fluid Management Services
(9.1
)%
 
(35.1
)%
 
(35.5
)%
 
 
(73.7
)%
Coiled Tubing Services
11.7
 %
 
14.8
 %
 
(18.4
)%
 
 
(43.7
)%
Fishing & Rental Services
(28.0
)%
 
(16.7
)%
 
(7.8
)%
 
 
(55.5
)%
International
 %
 
(84.7
)%
 
5.2
 %
 
 
(106.1
)%
Consolidated Total
(13.8
)%
 
(31.4
)%
 
(49.6
)%
 
 
(66.4
)%


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