Basic Energy Services (BAS) Tops Q1 EPS by 13c

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Go back to Basic Energy Services (BAS) Tops Q1 EPS by 13c

Basic Energy Services Reports First Quarter 2016 Results

April 20, 2016 6:45 PM EDT

FORT WORTH, Texas, April 20, 2016 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") today announced its financial and operating results for the first quarter ended March 31, 2016.

FIRST QUARTER 2016 HIGHLIGHTS

First quarter 2016 revenue declined 19% to $130.4 million from $161.0 million in the fourth quarter of 2015, as low levels of activity driven by weak and volatile energy prices and significant weather impact during the first two months of the quarter pushed our customers to postpone a growing inventory of maintenance and workover projects. In the first quarter of 2015,... More