Keane Group (FRAC) Tops Q3 EPS by 6c, Revenues Beat; Offers 4Q Revenue Outlook Below Consensus
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Keane Announces Third Quarter 2018 Financial and Operational Results
October 31, 2018 5:00 PM EDTHOUSTON--(BUSINESS WIRE)-- Keane Group, Inc. ("Keane" or the "Company") today reported third quarter 2018 financial and operational results.
Results and Recent Highlights
Reported third quarter 2018 revenue of $558.9 million, compared to second quarter 2018 of $578.5 million Realized third quarter 2018 net income of $30.8 million, compared to second quarter 2018 net income of $30.7 million Achieved third quarter 2018 Adjusted EBITDA of $100.9 million compared to second quarter 2018 of $111.3 million Reported annualized Adjusted Gross Profit per fleet of $20.5 million, compared to second quarter 2018 of $20.0 million Averaged 27.0 hydraulic fracturing fleets deployed... More