Service & Supply | Oilfield Services | Frac Markets - Pressure Pumping
C&J Revenue Falls, Cites Oversupply Frac Market
Print
|
C&J Energy Services, Inc. today reported net income of $25.1 million, or $0.46 per diluted share, for the first quarter of 2013. Net income was $30.4 million, or $0.56 per diluted share, in the fourth quarter of 2012 and $49.4 million, or $0.92 per diluted share, in the first quarter of 2012.
Total revenue for the first quarter of 2013 was $276.1 million, a decrease of 4% compared to $286.3 million for the fourth quarter of 2012 and an increase of 15% compared to $239.1 million for the first quarter of 2012.
Adjusted EBITDA for the first quarter of 2013 was $57.3 million, compared to $70.9 million for the fourth quarter of 2012 and $84.1 million for the first quarter of 2012. The declines in revenue and Adjusted EBITDA from the fourth quarter of 2012 were primarily due to lower hydraulic…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Frac Markets - Pressure Pumping News
Liberty Energy: Navigating the Frac Downturn with Efficiency, Innovation, and Strategic Focus
As the U.S. completions market enters a slower second half of 2025, Liberty Energy is writing its own chapter—one of resiliency, technical evolution, and bold repositioning. While many…
Service Companies Talk Bleak Outlook for Remainder of 2024
As most of you might remember, back in May we told you to expect significant slow down in drilling & completion activity. Read here. But that analysis was…
Shale Experts Frac Maket Forecast 2024
It's that time again, where give you our thoughts based on analysis of what we expect from the frac market/activity this year. As most of you know, we…
Frac Sand Providers Rush to Add Capacity as Demand Jumps
Frac sand providers reported a massive increase in sand/proppant sales during 1Q22, and many of them are forecasting that the market will remain strong into 2023. As a…
Private Equity Ready to Add Frac Capacity in Sold Out Market
With the rapid increase in drilling and completely activity by E&Ps, many service providers are struggling to keep up with the demand for frac fleets and pressure pumping…
United States News
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
New E&P Scores Capital; Heading To the MidCon Region
Company Overview 406 Energy, LLC is a newly formed, Houston-based upstream oil & gas development company launched in October 2025 with an initial equity commitment from NGP Natural…
2025 Forecast : Dangerous Time Ahead
This is the time of year when we share a clear view into how we’re thinking about what to expect for drilling and completion activity in 2025. To…
Petrus Resources Ltd. First Quarter 2023 Results
Petrus Resources Ltd. announced first quarter 2023 results. Highlights Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d…