Pioneer Energy Services Reports Q1 Loss Per Share At $0.19 [Reuters]
PIONEER ENERGY SERVICES (PES)
Last pioneer energy services earnings: 7/31 06:00 am
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Source: Reuters
Pioneer Energy Services Corp (PES.N) Key Developments | Reuters.com May 2 (Reuters) - Pioneer Energy Services Corp ::PIONEER ENERGY SERVICES REPORTS FIRST QUARTER 2019 RESULTS.Q1 LOSS PER SHARE $0.19.Q1 REVENUE $146.6 MILLION VERSUS REFINITIV IBES ESTIMATE OF $143.5 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $-0.17 -- REFINITIV IBES DATA.Q1 ADJUSTED LOSS PER SHARE $0.13.PIONEER ENERGY SERVICES - Q2 REVENUE FROM OUR PRODUCTION SERVICES BUSINESS SEGMENTS IS EXPECTED TO BE UP 1% TO 4% AS COMPARED TO Q1.PIONEER ENERGY SERVICES - REMAIN FOCUSED ON ACHIEVING CASH FLOW NEUTRALITY IN 2019 AS CAPITAL SPENDING PROGRAM WAS MORE HEAVILY WEIGHTED TOWARDS Q1.MARGIN FROM OUR PRODUCTION SERVICES BUSINESS IS ESTIMATED TO BE 19% TO 22% OF REVENUE IN Q2.EXPECT TO IMPROVE WORKING CAPITAL POSITION AS CO MOVES FORWARD THROUGH 2019.DOMESTIC DRILLING SERVICES RIG UTILIZATION IS EXPECTED TO BE 93% TO 95% IN Q2.INTERNATIONAL DRILLING SERVICES RIG UTILIZATION IS ESTIMATED TO AVERAGE 83% TO 86% IN Q2. Full Article
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