Keane Announces First Quarter 2019 Financial and Operational Results
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Keane Group (FRAC) Misses Q1 EPS by 7c, Q2 Rev. Guidance Misses
May 6, 2019 4:34 PM EDTKeane Group (NYSE: FRAC) reported Q1 EPS of ($0.21), $0.07 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $421.7 million versus the consensus estimate of $413.86 million.
GUIDANCE:
Keane Group sees Q2 2019 revenue of $400-420 million, versus the consensus of $447.98 million.
For the second quarter of 2019, total revenue is expected to range between $400 million and $420 million. Keanes hydraulic fracturing fleet for the second quarter of 2019 will include 29.0 deployable fleets, of which 23.0 are expected to be deployed. Keane expects to achieve utilization of approximately 90% of its deployed fleets, resulting... More
