C&J Energy (CJ) Tops Q1 EPS by 4c

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C&J Energy Services Announces First Quarter 2018 Results

May 3, 2018 9:00 AM EDT

HOUSTON, May 3, 2018 /PRNewswire/ -- C&J Energy Services, Inc. ("C&J" or the "Company") (NYSE: CJ) today announced financial and operating results for the first quarter ended March 31, 2018.

First Quarter 2018 Financial Highlights

First quarter 2018 revenues were $553.0 million, an increase of 12.5% over the fourth quarter of 2017, generating Adjusted EBITDA(1) of $73.7 million, an increase of 28.7% compared to the fourth quarter of 2017.  The continued improvement in our financial results was driven by strong performance in all core businesses.  First quarter sequential revenue growth over the prior quarter was 7.2%... More