Keane Announces Third Quarter 2018 Financial and Operational Results
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Keane Group (FRAC) Tops Q3 EPS by 6c, Revenues Beat; Offers 4Q Revenue Outlook Below Consensus
October 31, 2018 5:04 PM EDTKeane 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
