Skip to main content 3Q 2018 Earnings Call – Basic Energy Services Inc. Investor Presentation | Shale Experts
Loading...
Pm

3Q 2018 Earnings Call – Basic Energy Services Inc.

Basic Energy Services Inc. · Nov 2, 2018 · 11 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 3Q 2018 Earnings Call – Basic Energy Services Inc. – slide 1
    OUR LIFES WORK IS THE LIFE OF THE WELL 3Q 2018 Earnings Call November 2, 2018
  2. 3Q 2018 Earnings Call – Basic Energy Services Inc. – slide 2
    Table of Contents 3Q18 Financial Recap Operational Highlights CapEx and Liquidity Well Services Water Logistics Completion & Remedial Services 3Q18 Takeaways 4Q18 Outlook Non-GAAP Reconciliation 3 3
  3. 3Q 2018 Earnings Call – Basic Energy Services Inc. – slide 3
    3Q 2018 Financial Recap (in millions) Three Months Ended 9/30/18 6/30/18 9/30/17 Revenue Completion & Remedial 116.0 126.9 123.7 Well Servicing 67.2 64.4 52.3 Water Logistics 59.5 59.7 54.6 Contract Drilling 3.6 2.4 2.8 246.3…
  4. 3Q 2018 Earnings Call – Basic Energy Services Inc. – slide 4
    3Q 2018 Operational Highlights Sequential revenue decline of 7 mm 6.0 mm of revenue decline in C&R segment due to lower sand volumes after relocation of Permian frac equipment to the Mid-Continent 2.6 mm of revenue decline due to the…
  5. 3Q 2018 Earnings Call – Basic Energy Services Inc. – slide 5
    Operational Update 3Q18 2Q18 1Q18 Well servicing rig hours 180,300 181,600 168,500 Well servicing utilization rate 82% 82% 76% Number of well servicing rigs (end of period) 310 310 310 Revenue per rig hour (excluding…
  6. 3Q 2018 Earnings Call – Basic Energy Services Inc. – slide 6
    CapEx and Liquidity Capital expenditures (including capital leases) for 3Q18 totaled 23.1 mm Maintenance/sustaining expenditures were 14.7 mm Expansion projects and other totaled 8.5 mm 2018 capital expenditures anticipated to be 80…
  7. 3Q 2018 Earnings Call – Basic Energy Services Inc. – slide 7
    Well Services Operational Highlights Segment Revenue Breakdown Rigs working with 24-hour packages averaged 23 in 3Q18 2Q18 1Q18 3Q, down one from 2Q as we relocated two 24-hour rig packages from Appalachia Rig Hours (000s) 180.3…
  8. 3Q 2018 Earnings Call – Basic Energy Services Inc. – slide 8
    Water Logistics Operational Highlights Segment Revenue Breakdown Margins continue to improve, up 100 bps to 28%, as 3Q18 2Q18 1Q18 volumes of water disposal via pipe continues to climb, up 22% sequentially Trucks (Avg.) 870 900 960…
  9. 3Q 2018 Earnings Call – Basic Energy Services Inc. – slide 9
    Completion and Remedial Services Operational Highlights Segment Revenue Breakdown Margin improvement of 180 bps in 3Q18 vs. 2Q18, 3Q18 2Q18 1Q18 despite lower revenue, largely from sand sales lower q/q by 6 mm Pumping 63% 68% 62%…
  10. 3Q 2018 Earnings Call – Basic Energy Services Inc. – slide 10
    4Q18 and 1H19 Outlook We expect the fourth quarter to be very similar to the third quarter in terms of pricing Shorter daylight hours and normal seasonal impacts of weather and holidays should impact utilization rates We expect the…
  11. 3Q 2018 Earnings Call – Basic Energy Services Inc. – slide 11
    OUR LIFES WORK IS THE LIFE OF THE WELL

From the store

Browse maps, data & reports in the Shale Experts store