Company Quick10K Filing
Key Energy Services
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 20 $41
10-K 2020-03-13 Annual: 2019-12-31
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-03-15 Annual: 2018-12-31
10-Q 2018-11-07 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-02-28 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-10 Quarter: 2017-06-30
10-Q 2017-05-11 Quarter: 2017-03-31
10-K 2017-03-02 Annual: 2016-12-31
10-Q 2016-11-14 Quarter: 2016-09-30
10-Q 2016-08-15 Quarter: 2016-06-30
10-Q 2016-05-13 Quarter: 2016-03-31
10-K 2016-03-04 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-04 Quarter: 2015-06-30
10-Q 2015-05-05 Quarter: 2015-03-31
10-K 2015-02-25 Annual: 2014-12-31
10-Q 2014-11-04 Quarter: 2014-09-30
10-Q 2014-08-07 Quarter: 2014-06-30
10-Q 2014-05-06 Quarter: 2014-03-31
10-K 2014-02-25 Annual: 2013-12-31
10-Q 2013-11-01 Quarter: 2013-09-30
10-Q 2013-08-02 Quarter: 2013-06-30
10-Q 2013-05-03 Quarter: 2013-03-31
10-K 2013-02-25 Annual: 2012-12-31
10-Q 2012-11-08 Quarter: 2012-09-30
10-Q 2012-08-03 Quarter: 2012-06-30
10-Q 2012-05-04 Quarter: 2012-03-31
10-K 2012-02-29 Annual: 2011-12-31
10-Q 2011-11-04 Quarter: 2011-09-30
10-Q 2011-08-05 Quarter: 2011-06-30
10-Q 2011-05-06 Quarter: 2011-03-31
10-K 2011-02-28 Annual: 2010-12-31
10-Q 2010-11-02 Quarter: 2010-09-30
10-Q 2010-08-05 Quarter: 2010-06-30
10-Q 2010-05-10 Quarter: 2010-03-31
10-K 2010-02-26 Annual: 2009-12-31
8-K 2020-03-23 Officers, Exhibits
8-K 2020-03-10 Earnings, Exhibits
8-K 2020-03-06 Enter Agreement, Off-BS Arrangement, Sale of Shares, Shareholder Rights, Officers, Amend Bylaw, Other Events, Exhibits
8-K 2020-02-28 Enter Agreement
8-K 2020-02-18 Shareholder Vote
8-K 2020-01-31 Enter Agreement, Exhibits
8-K 2020-01-24 Enter Agreement, Sale of Shares, Other Events, Exhibits
8-K 2020-01-10 Enter Agreement, Exhibits
8-K 2019-12-30 Officers, Exhibits
8-K 2019-12-20 Enter Agreement, Exhibits
8-K 2019-12-06 Enter Agreement, Other Events, Exhibits
8-K 2019-11-27 Exhibits
8-K 2019-11-15 Amend Bylaw, Exhibits
8-K 2019-11-07 Earnings, Exhibits
8-K 2019-10-29 Enter Agreement, Other Events, Exhibits
8-K 2019-08-08 Earnings, Exhibits
8-K 2019-06-25 Exhibits
8-K 2019-05-08 Earnings, Exhibits
8-K 2019-05-01 Officers, Shareholder Vote, Exhibits
8-K 2019-04-26 Officers
8-K 2019-04-05 Enter Agreement, Exhibits
8-K 2019-03-26 Officers
8-K 2019-02-26 Earnings, Exhibits
8-K 2019-02-22 Shareholder Vote
8-K 2019-02-11 Earnings, Regulation FD, Exhibits
8-K 2019-02-04 Officers, Exhibits
8-K 2019-01-24 Officers
8-K 2018-11-07 Earnings, Exhibits
8-K 2018-10-03 Officers
8-K 2018-10-01 Earnings, Regulation FD, Exhibits
8-K 2018-09-20 Other Events, Exhibits
8-K 2018-09-12 Officers
8-K 2018-08-17 Officers, Regulation FD, Exhibits
8-K 2018-08-09 Earnings, Exhibits
8-K 2018-06-22 Officers, Exhibits
8-K 2018-05-29 Officers
8-K 2018-05-10 Officers, Exhibits
8-K 2018-05-10 Earnings, Exhibits
8-K 2018-03-26 Regulation FD, Exhibits
8-K 2018-02-27 Earnings, Exhibits
8-K 2018-02-12 Regulation FD, Exhibits
8-K 2017-12-31 Officers

Key Energy Services Financials

KEG Metrics, Comps, Filings

Annual | Quarterly

Business

Key Energy Services, Inc., a Delaware corporation, is the largest onshore, rig-based well servicing contractor based on the number of rigs owned. References to "Key," the "Company," "we," "us" or "our" in this report refer to Key Energy Services, Inc., its wholly owned subsidiaries and its controlled subsidiaries. We were organized in April 1977 in Maryland and commenced operations in July 1978 under the name National Environmental Group, Inc. In December 1992, we became Key Energy Group, Inc. and we changed our name to Key Energy Services, Inc. in December 1998. In connection with our reorganization described below, we reincorporated as a Delaware corporation on December 15, 2016.

We provide a full range of well services to major oil companies and independent oil and natural gas production companies. Our services include rig-based and coiled tubing-based well maintenance and workover services, well completion and recompletion services, fluid management services, fishing and rental services, and other ancillary oilfield services. Additionally, certain rigs are capable of specialty drilling applications. We operate in most major oil and natural gas producing regions of the continental United States. An important component of the Company's growth strategy is to make acquisitions that will strengthen its core services or presence in selected markets, and the Company also makes strategic divestitures from time to time. To that end, we completed the sale of our business in Mexico in the fourth quarter of 2016, and of our Canadian subsidiary and Russian subsidiary in the second and third quarters of 2017, respectively. The Company expects that the industry in which it operates will continue to experience consolidation, and as part of its strategy the Company actively explores opportunities arising out of this consolidation, which could include mergers, consolidations or acquisitions or further dispositions or other transactions, including by engaging in discussions with other industry participants concerning these opportunities. There can be no assurance that any such activities will be consummated.

-Reincorporated the Successor Company in the state of Delaware and adopted an amended and restated certificate of incorporation and bylaws;


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
FTS International (FTSI) 630 24% 8.1 4% 722 664 1,031 250 27 116 943
Nine Energy Service (NINE) 519 23% 13.3 -4% 1,098 473 915 214 -40 68 902
Mammoth Energy Services (TUSK) 298 29% 0.9 14% 1,109 346 1,106 321 155 430 373
KLX Energy Services Holdings (KLXE) 237 17% 7.1 -0% 733 337 580 100 -2 54 387
Natural Gas Services (NGS) 207 0% 7.4 0% 305 42 70 0 1 24 177
Superior Energy Services (SPN) 191 25% -1.4 -42% 2,146 1,966 2,016 503 -891 -913 1,254
NCS Multistage (NCSM) 175 49% -0.9 -110% 204 48 205 101 -224 -195 181
Cypress Energy Partners (CELP) 132 13% 10.0 9% 170 116 375 50 15 21 210
Ranger Energy Services (RNGR) 67 0% 2.6 3% 318 116 340 0 11 51 130
Nuverra Environmental Solutions (NES) 63 0% 10.3 -10% 285 68 187 0 -27 9 93
Quintana Energy Services (QES) 54 0% 2.5 -7% 322 137 578 0 -24 29 73
Basic Energy Services (BAS) 51 23% 7.2 -18% 702 533 864 200 -129 44 314
Key Energy Services (KEG) 41 20% 25.2 -22% 404 474 97 -89 10 255
Recon Technology (RCON) 26 -2% -0.4 40% 122 35 -23 0 48 49 -20
Enservco (ENSV) 23 22% 3.3 -4% 49 43 50 11 -2 7 25
U.S. Well Services (USWS)
NexTier Oilfield Solutions (NEX)
North American Energy Partners (NOA)
Select Energy Services (WTTR) 12% -0.2 2% 1,377 250 1,446 180 27 131 -24
CSI Compressco (CCLP) 44% 19.5 -3% 836 781 493 216 -27 32 630

Balance Sheet ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash578404200917350
Accounts Receivable262421404349289116716974
Inventory243439323029222116
PP&E93700000405327276
Assets1,893-3,7923,5443,638-4,639-3,421658529443
Accounts Payable5679104597831101414
Long-Term Debt7748480748988250243241
Liabilities944-4,9762,2902,387
Stockholders' Equity9491,1841,2541,251
Income Statement ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue000
Cost of Revenue8351,19701180-617332406
Gross Profit06-406
R&D
SG&A198238-112031-7711592
Tax-21349-15310-2-2
Net Income70-0191-6616-0-10-121-89
Cash Flow ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating13000000-0-51-2
Cash Investing-9-520-361-70-48-017-22
Cash Financing-10027951-69-348-017-3