Basic Energy Services (BAS) Misses Q4 EPS by 2c

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Go back to Basic Energy Services (BAS) Misses Q4 EPS by 2c

Basic Energy Services Reports Fourth Quarter And Full Year 2015 Results

February 18, 2016 7:00 PM EST

FORT WORTH, Texas, Feb. 18, 2016 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results for the fourth quarter and twelve months ended December 31, 2015.

FOURTH QUARTER 2015 HIGHLIGHTS

Fourth quarter 2015 revenue declined 15% to $161.0 million from $189.2 million in the third quarter of 2015, as normal seasonal declines, including reduced daylight hours, holidays and inclement weather, were compounded by continued pricing pressure and diminished activity levels. In the fourth quarter of 2014, Basic generated $400.9 million in revenue.

For the fourth quarter of 2015, Basic reported... More