Keane Announces Third Quarter 2018 Financial and Operational Results

Go back to Keane Announces Third Quarter 2018 Financial and Operational Results

Keane Group (FRAC) Tops Q3 EPS by 6c, Revenues Beat; Offers 4Q Revenue Outlook Below Consensus

October 31, 2018 5:04 PM EDT

Keane Group (NYSE: FRAC) reported Q3 EPS of $0.28, $0.06 better than the analyst estimate of $0.22. Revenue for the quarter came in at $558.9 million versus the consensus estimate of $547.65 million.

Reported third quarter 2018 revenue of $558.9 million, compared to second quarter 2018 of $578.5 millionRealized third quarter 2018 net income of $30.8 million, compared to second quarter 2018 net income of $30.7 millionAchieved third quarter 2018 Adjusted EBITDA of $100.9 million compared to second quarter 2018 of $111.3 millionReported annualized Adjusted Gross Profit per fleet of $20.5 million, compared to second quarter 2018 of $20.0 millionAveraged 27.0 hydraulic fracturing fleets deployed in third quarter 2018; equivalent of 24.0 fully-utilized... More