C&J Energy (CJ) Misses Q2 EPS by 1c, Revenue Beats

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Go back to C&J Energy (CJ) Misses Q2 EPS by 1c, Revenue Beats

C&J Energy Services Announces Second Quarter 2018 Results and $150 Million Stock Buyback Program

August 2, 2018 8:50 AM EDT

HOUSTON, Aug. 2, 2018 /PRNewswire/ -- C&J Energy Services, Inc. ("C&J" or the "Company") (NYSE: CJ) today announced financial and operating results for the second quarter ended June 30, 2018.

Second Quarter 2018 and Recent Highlights

Revenue increased 10.4% to $610.5 million, marking the sixth consecutive quarter of double-digit sequential revenue growth Adjusted EBITDA(1) increased 19.1% sequentially to $87.8 million on net income of $28.5 million Revenue and Adjusted EBITDA for all three operating segments increased sequentially Cash flow from operations was $99.1 million for the second quarter and $134.7... More