Keane Group (FRAC) Misses Q2 EPS by 2c, Revenue Beats

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Go back to Keane Group (FRAC) Misses Q2 EPS by 2c, Revenue Beats

Keane Announces Second Quarter 2017 Financial and Operational Results

July 31, 2017 5:25 PM EDT

HOUSTON--(BUSINESS WIRE)-- Keane Group, Inc. ("Keane" or the "Company") today reported second quarter 2017 financial results.

Results and Recent Highlights

Reported second quarter 2017 revenue of $323.1 million, compared to first quarter 2017 of $240.2 million Reported second quarter 2017 net loss of $11.2 million, compared to first quarter 2017 of $72.3 million Achieved second quarter 2017 Adjusted EBITDA of $36.0 million, compared to first quarter 2017 of $13.1 million Averaged 18.3 deployed hydraulic fracturing fleets during second quarter 2017; exited quarter with 19 deployed fleets Increased annualized Adjusted Gross Profit per fleet to $10.5 million, compared... More