Global Hunter Securities Upgrades Basic Energy Services (BAS) to Neutral

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Go back to Global Hunter Securities Upgrades Basic Energy Services (BAS) to Neutral

Basic Energy Services Reports Second Quarter 2015 Results

July 30, 2015 7:00 PM EDT

FORT WORTH, Texas, July 30, 2015 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results for the second quarter ended June 30, 2015.

SECOND QUARTER 2015 HIGHLIGHTS

Including the impact of a special item, second quarter 2015 revenue as reported declined 26% to $193.6 million from $261.7 million in the first quarter of 2015 as all lines of services continued to experience diminished activity levels and increased pricing pressure mainly driven by the reduced rig count. The second quarter of 2015 included an after-tax charge of $2.9 million, or $0.07 per... More