Service & Supply | Quarterly / Earnings Reports | Oilfield Services | Second Quarter (2Q) Update | Drilling Activity
Seventy Seven Adds Frac Horse Power To Oversupplied Market
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Chesapeake's Seventy Seven Energy Inc. has reported financial and operational results for the second quarter of 2014. Key information related to the second quarter is as follows:
Total Revenue was $549.5 million, Adjusted Revenue was $497.7 million Net income per fully diluted share was $0.46, Adjusted net income per fully diluted share was $0.17 Adjusted EBITDA was $120.9 million Revenues from non-Chesapeake customers increased 30% from the first quarter of 2014 to the second quarter of 2014 to 19% of consolidated revenues. SSE reported total revenues of $549.5 million for the second quarter of 2014, an 8% increase compared to $509.7 million for the first quarter of 2014 and a 6% decrease compared to $583.1 million for the second quarter of 2013. As part of the spin-off, SSE…Finish this article — free account or subscription
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