News Column

Key Energy Services Reports First Quarter 2014 Earnings

May 16, 2014



By a News Reporter-Staff News Editor at Energy Weekly News -- Key Energy Services, Inc. (NYSE: KEG) reported first quarter 2014 consolidated revenues of $356.1 million and a pre-tax loss of $19.6 million, or $0.08 per share. These results include a $0.01 loss due to severance, primarily in Mexico, and approximately a $0.01 loss due to severe weather disruptions. Excluding severance, the Company recorded a $0.07 per share loss for the first quarter. Fourth quarter 2013 consolidated revenues were $362.2 million with a loss of $15.4 million, or $0.08 per share, which included $0.02 of loss due to severance, primarily in Mexico.

The following table sets forth summary data for the first quarter 2014 and prior comparable quarterly periods.

Three Months Ended (unaudited)

Keywords for this news article include: Key Energy Services Inc.

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Source: Energy Weekly News


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