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Stock Market & Financial Investment News

News Breaks
July 24, 2014
19:38 EDTBASBasic Energy reports Q2 adjusted EPS 13c, consensus 9c
Reports Q2 revenue $359.66M, consensus $356.27M. The adjusted EPS excludes a $2.9M, or 7c per diluted share, after-tax amount related to Basic's participation in a legal settlement associated with a 2013 accident. Completion and remedial services revenue rose 20% to $164.4M in Q2. Adjusted for the sale of the company's barge operations in March, well servicing revenues increased two% to $89.6M during Q2. Fluid services revenue in Q2 decreased 3% to $90.3M. Contract drilling revenue increased 14% to $15.4M during Q2.
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July 30, 2015
19:14 EDTBASBasic Energy signs letter of intent with Quantum Energy Partners
Basic reported that it has recently signed a non-binding letter of intent with an affiliate of private capital investor Quantum Energy Partners to fund up to $250M, and expandable under certain conditions, for selected future transactions in North American oilfield service assets, companies or strategic joint ventures. "This flexible structure and capital availability could allow Basic to opportunistically make acquisitions and grow its business in today's oilfield services market. We believe that there will be compelling acquisition opportunities over the near term," said Quantum.
19:08 EDTBASBasic Energy sees Q3 revenue slightly up sequentially, consensus $206.27M
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19:04 EDTBASBasic Energy reports Q2 adjusted EPS ($1.13), consensus ($1.15)
Reports Q2 revenue $193.60M, consensus $201.66M.

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