C&J Energy Services Announces Second Quarter 2019 Results
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C&J Energy (CJ) Misses Q2 EPS by 14c, Revenues Miss
August 6, 2019 8:47 AM EDTC&J Energy (NYSE: CJ) reported Q2 EPS of ($0.20), $0.14 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $501.1 million versus the consensus estimate of $536.11 million.
Consolidated revenue totaled $501.1 million resulting in a net loss of $110.3 million, an Adjusted net loss of $13.1 million, and consolidated Adjusted EBITDA(1) of $52.0 millionNet cash increased $25.5 million resulting in free cash flow(1) generationExecuted on our disciplined returns focused strategy:Idled two horizontal and one vertical fracturing fleet and other under-utilized equipmentContinued streamlining SG&A costs and reduced SG&A... More