Basic Energy Services (BAS) Tops Q2 EPS by 8c

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Go back to Basic Energy Services (BAS) Tops Q2 EPS by 8c

Basic Energy Services Reports Second Quarter 2016 Results

July 21, 2016 7:00 PM EDT

FORT WORTH, Texas, July 21, 2016 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") today announced its financial and operating results for the second quarter ended June 30, 2016.

SECOND QUARTER 2016 HIGHLIGHTS

Second quarter 2016 revenues declined 8% to $120.0 million from $130.4 million in the first quarter of 2016, as continued low levels of activity driven by weak and volatile energy prices and significant weather impact during the first two months of the quarter drove our customers to further delay a growing inventory of maintenance and workover projects. In the second quarter of... More