C&J Energy Services Announces First Quarter 2019 Results
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C&J Energy (CJ) Tops Q1 EPS by 14c, Revenues Beat
May 7, 2019 8:48 AM EDTC&J Energy (NYSE: CJ) reported Q1 EPS of ($0.28), $0.14 better than the analyst estimate of ($0.42). Revenue for the quarter came in at $510.77 million versus the consensus estimate of $478.95 million.
"The sequential improvement in our consolidated revenue was driven by the strong operational execution of our fracturing business. The momentum from increasing our dedicated fleet count at the end of 2018 positioned us well as we entered the new year. We capitalized on refreshed E&P capital budgets from our customers that drove utilization improvement across our deployed fracturing fleets. This increase in utilization coupled with... More
