C&J Energy (CJ) Tops Q1 EPS by 14c, Revenues Beat
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C&J Energy Services Announces First Quarter 2019 Results
May 7, 2019 8:45 AM EDTHOUSTON, May 7, 2019 /PRNewswire/ -- C&J Energy Services, Inc. ("C&J" or the "Company") (NYSE: CJ) today announced financial and operating results for the first quarter ended March 31, 2019.
First Quarter 2019 Highlights and Recent Developments
Grew consolidated revenue 4% sequentially to $510.8 million resulting in a net loss of $23.6 million with consolidated Adjusted EBITDA(1) of $49.6 million Increased fracturing utilization resulting in revenue growth of 22% and annualized Adjusted EBITDA per fleet(3) expansion to $10.2 million Improving customer activity levels across our service lines set the stage for expected... More