Keane Group (FRAC) Misses Q1 EPS by 7c, Q2 Rev. Guidance Misses
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Keane Announces First Quarter 2019 Financial and Operational Results
May 6, 2019 4:30 PM EDTHOUSTON--(BUSINESS WIRE)-- Keane Group, Inc. (Keane or the Company) today reported first quarter 2019 financial and operational results.
Results and Recent Highlights
Reported first quarter 2019 revenue of $421.7 million, compared to fourth quarter 2018 of $486.5 million Realized first quarter 2019 net loss of $21.8 million, compared to fourth quarter 2018 net income of $6.1 million Achieved first quarter 2019 Adjusted EBITDA of $64.1 million, compared to fourth quarter 2018 of $88.4 million Reported annualized Adjusted Gross Profit per fleet of $16.2 million, compared to fourth quarter 2018 of $20.9 million... More