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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: stock talk who wrote (50423)9/4/1999 6:35:00 PM
From: articwarrior  Respond to of 95453
 
"Can anyone tell me when KEG will report Qtly earnings(date) "

Sept 28 last year their 10K was released. I'd expect it around that time frame! Expectations for the next 2 quarters will be huge paydown of debt. Street word is that business is at max.

Artic
.....BOOM....BOOM....2000...2000...2000.......
(DISCLAIMER) I HAVE A LARGE POSITION IN KEG(I SUGGEST DOING YOUR OWN DD!)



To: stock talk who wrote (50423)9/4/1999 7:38:00 PM
From: IndioBlues  Respond to of 95453
 
KEG to report earnings on Sep. 15

moneycentral.msn.com



To: stock talk who wrote (50423)9/5/1999 1:20:00 PM
From: articwarrior  Respond to of 95453
 
KEG will announce earnings on 15 Sep here is the announcement which confirms the date.

When it reports fourth-quarter results on Sept. 15, Key Energy (KEG: news, msgs) said it expects to announce a loss that reflects a quarter-to-quarter financial improvement. The loss will be in the range of 23 cents to 25 cents a share, the company said.

The estimates represent a 76 percent to 78 percent improvement from the $1.03 loss per share, including charges, reported in the third quarter.

The company's earnings may beat the average estimate for a loss of 24 cents from Zacks. However, the loss could be 1-cent short of the 22-cent loss estimate of analysts surveyed by First Call Corp.

During the comparable quarter a year ago, the servicing firm reported a profit of 25 cents per share, according to First Call.

The company attributed the improvement in financial results to better commodity prices as an increasing number of customers have committed funds for drilling and well servicing. See current commodities prices.

Total rig hours rose about 18 percent when compared with the year-ago quarter a year ago. Total rig hours include well service and drilling time.


Cash-flow earnings per share in the fourth quarter, excluding non-cash charges for depreciation and debt amortization costs, will likely range in the 10-cent to 13-cent range, according to the press release.

"If commodity prices remain stable, we expect to see a continued increase in demand for our full range of services," said Francis John, chairman, president and chief executive officer of Key Energy.