C&J Energy (CJ) Reports In-Line Q3 EPS

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Go back to C&J Energy (CJ) Reports In-Line Q3 EPS

C&J Energy Services Announces Third Quarter 2018 Results

November 1, 2018 8:50 AM EDT

HOUSTON, Nov. 1, 2018 /PRNewswire/ -- C&J Energy Services, Inc. ("C&J" or the "Company") (NYSE: CJ) today announced financial and operating results for the third quarter ended September 30, 2018.

Third Quarter 2018 and Recent Highlights

Revenue increased 28.3% year-over-year to $567.9 million with flat net income of $10.4 million and Adjusted EBITDA(1) increasing 65.8% to $72.8 million Initiated share buyback program acquiring approximately 993,000 shares for $20.3 million Reduced 2018 capital expenditure program by $120.0 million at the mid-point for the year Reduced SG&A expense approximately 16% year-over-year and sequentially Idled two horizontal frac... More