Company Quick10K Filing
Quintana Energy Services
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 34 $54
10-K 2020-03-06 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 2019-03-08 Annual: 2018-12-31
S-1 2018-12-21 Public Filing
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 2018-03-30 Annual: 2017-12-31
8-K 2020-03-04 Earnings, Regulation FD, Exhibits
8-K 2019-11-06 Earnings, Regulation FD, Exhibits
8-K 2019-08-29 Officers, Exhibits
8-K 2019-08-19 Regulation FD, Exhibits
8-K 2019-08-07 Officers, Regulation FD, Exhibits
8-K 2019-08-07 Earnings, Regulation FD, Exhibits
8-K 2019-06-21 Officers, Exhibits
8-K 2019-05-14 Shareholder Vote
8-K 2019-05-08 Earnings, Regulation FD, Exhibits
8-K 2019-03-06 Earnings, Regulation FD, Exhibits
8-K 2019-03-04 Regulation FD, Exhibits
8-K 2019-02-25 Earnings, Regulation FD, Exhibits
8-K 2019-01-09 Officers, Regulation FD, Exhibits
8-K 2018-12-26 Regulation FD, Exhibits
8-K 2018-11-14 Regulation FD, Exhibits
8-K 2018-11-06 Earnings, Regulation FD, Exhibits
8-K 2018-09-04 Regulation FD, Exhibits
8-K 2018-08-08 Earnings, Regulation FD, Other Events, Exhibits
8-K 2018-05-16 Regulation FD, Exhibits
8-K 2018-05-09 Earnings, Regulation FD, Exhibits
8-K 2018-03-28 Earnings, Regulation FD, Exhibits
8-K 2018-03-15 Regulation FD, Exhibits
8-K 2018-02-08 Enter Agreement, Leave Agreement, M&A, Off-BS Arrangement, Sale of Shares, Shareholder Rights, Officers, Amend Bylaw, Exhibits

Quintana Energy Services Financials

QES Metrics, Comps, Filings

Annual | Quarterly

Business

Quintana Energy Services Inc. (either individually or together with its subsidiaries, as the context requires, the "Company," "QES," "we," "us," and "our") is a Delaware corporation that was incorporated on April 13, 2017. Our accounting predecessor, Quintana Energy Services LP ("QES LP" and "Predecessor"), was formed as a Delaware partnership on November 3, 2014. In connection with our initial public offering (the "IPO") which closed on February 13, 2018, the existing investors in QES LP and QES Holdco LLC contributed all of their direct and indirect equity interests to QES in exchange for shares of common stock in QES, and we became the holding company for the reorganized QES LP and its subsidiaries.

We are a growth-oriented provider of diversified oilfield services to leading onshore oil and natural gas E&P companies operating in conventional and unconventional plays in all of the active major basins throughout the United States. We classify the services we provide into four reportable segments: (1) Directional Drilling, (2) Pressure Pumping, (3) Pressure Control and (4) Wireline. Our Directional Drilling segment enables efficient drilling and guidance of the horizontal section of a wellbore using our technologically-advanced fleet of downhole motors and 115 MWD kits. Our Pressure Pumping segment includes hydraulic fracturing, cementing and acidizing services, and such services are supported by a high-quality pressure pumping fleet of approximately 267,500 HHP as of December 31, 2018. Our primary pressure pumping focus is on large hydraulic fracturing jobs. Our Pressure Control segment provides various forms of well control, completions and workover applications through our 24 coiled tubing units (10 of which are Large Diameter units), 36 rig-assisted snubbing units and ancillary equipment. As of December 31, 2018, our wireline services included 41 wireline units providing a full range of pump-down services in support of unconventional completions, and cased-hole wireline services enabling reservoir characterization.

Our operations are diversified by our broad customer base and expansive geographical reach. We currently operate throughout all active major onshore oil and gas basins in the United States and we served approximately 1,100 customers as of December 31, 2018. We have cultivated and maintain strong relationships with our E&P company customers, including leading companies such as EOG Resources, Parsley Energy, Matador Resources, Pioneer Natural Resources, Seneca Energy, Triumph Energy Partners and XTO Energy.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
FTS International (FTSI) 629,678 24% 8.1 4% 722,500 664,500 1,030,800 250,300 27,000 116,000 943,478
Nine Energy Service (NINE) 518,850 23% 13.3 -4% 1,097,701 473,392 915,097 214,472 -40,280 67,586 901,964
Mammoth Energy Services (TUSK) 297,847 29% 0.9 14% 1,108,910 345,694 1,106,199 321,239 155,163 430,030 372,638
KLX Energy Services Holdings (KLXE) 236,603 17% 7.1 -0% 733,300 337,200 579,700 100,000 -1,600 54,200 386,803
Natural Gas Services (NGS) 206,911 0% 7.4 0% 304,555 41,985 70,442 0 884 23,778 177,000
Superior Energy Services (SPN) 191,019 25% -1.4 -42% 2,146,297 1,965,906 2,015,890 503,201 -890,756 -912,969 1,254,148
NCS Multistage (NCSM) 174,905 49% -0.9 -110% 203,902 48,045 205,497 100,851 -223,724 -195,286 180,599
Cypress Energy Partners (CELP) 131,898 13% 10.0 9% 170,285 115,932 375,133 49,804 14,825 20,972 209,506
Ranger Energy Services (RNGR) 67,391 0% 2.6 3% 317,900 115,800 340,000 0 11,100 50,900 130,491
Nuverra Environmental Solutions (NES) 63,287 0% 10.3 -10% 285,379 67,948 186,724 0 -27,281 8,993 92,545
Quintana Energy Services (QES) 54,086 0% 2.5 -7% 321,867 136,707 577,842 0 -24,102 29,203 72,503
Basic Energy Services (BAS) 51,143 23% 7.2 -18% 701,823 532,727 863,735 199,585 -129,265 43,723 314,235
Key Energy Services (KEG) 40,806 20% 25.2 -22% 403,515 474,190 96,994 -88,682 10,133 255,272
Recon Technology (RCON) 25,549 -2% -0.4 40% 121,808 34,936 -22,743 475 48,490 48,554 -19,792
Enservco (ENSV) 22,880 22% 3.3 -4% 48,672 42,699 50,452 10,880 -1,909 7,399 24,764
U.S. Well Services (USWS)
North American Energy Partners (NOA)
NexTier Oilfield Solutions (NEX)
Select Energy Services (WTTR) 12% -0.2 2% 1,377,177 250,329 1,445,821 179,741 27,235 131,297 -23,818
CSI Compressco (CCLP) 44% 19.5 -3% 836,192 780,897 492,616 216,304 -27,052 32,280 630,077

Balance Sheet ($'000)2018-12-31
Cash13,804
Accounts Receivable101,620
Inventory23,464
PP&E153,878
Assets324,549
Accounts Payable51,568
Long-Term Debt32,951
Liabilities122,729
Stockholders' Equity201,820
Income Statement ($'000)2018-12-31
Revenue604,354
Cost of Revenue
Gross Profit
R&D
SG&A97,280
Tax621
Net Income-18,182
Cash Flow ($'000)2018-12-31
Cash Operating39,939
Cash Investing-54,213
Cash Financing19,327