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Stock impact report

Pioneer Energy Services Reports First Quarter 2019 Results

PIONEER ENERGY SERVICES (PES) 
Last pioneer energy services earnings: 7/31 06:00 am Check Earnings Report
US:NYSE Investor Relations: pioneeres.investorroom.com
Company Research Source: PR Newswire
SAN ANTONIO, May 2, 2019 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today reported financial and operating results for the quarter ended March 31, 2019. First quarter highlights include:Domestic drilling fleet was fully contracted and generated an average margin per day of $10,944. Production services revenues increased 6% sequentially, primarily driven by the coiled tubing revenue increase of 16%. Deployed our newest 1,500 horsepower, super-spec, new-build drilling rig, which began operations in West Texas on a three-year term contract.Consolidated Financial ResultsRevenues for the first quarter of 2019 were $146.6 million, up 4% from revenues of $141.5 million in the fourth quarter of 2018 ("the prior quarter"). Net loss for the first quarter of 2019 was $15.1 million, or $0.19 per share, compared with net loss of $14.5 million, or $0.19 per share, in the prior quarter. Adjusted net loss(1) for the first quarter was $10.5 million, and adjusted EPS(2) was a loss of $0.13 per Show less Read more
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