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Keane Group Inc (FRAC.N)

FRAC.N on New York Stock Exchange

5.85USD
19 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Keane And C&J Energy Services To Merge
Monday, 17 Jun 2019 

June 17 (Reuters) - C&J Energy Services Inc ::KEANE AND C&J ENERGY SERVICES TO COMBINE IN MERGER OF EQUALS, ESTABLISHING AN INDUSTRY-LEADING, DIVERSIFIED OILFIELD SERVICES PROVIDER.C&J ENERGY SERVICES INC - DEAL FOR PRO-FORMA ENTERPRISE VALUE OF APPROXIMATELY $1.8 BILLION.C&J ENERGY SERVICES INC - C&J SHAREHOLDERS WILL RECEIVE 1.6149 SHARES OF KEANE COMMON STOCK FOR EACH SHARE OF C&J COMMON STOCK OWNED..C&J ENERGY SERVICES INC - MERGER AGREEMENT PERMITS C&J TO PAY ITS SHAREHOLDERS A CASH DIVIDEND OF $1.00 PER SHARE PRIOR TO CLOSING.C&J ENERGY SERVICES INC - COMBINED COMPANY TO REBRAND WITH NEW NAME AND TICKER SYMBOL.C&J ENERGY SERVICES INC - CO, KEANE SHAREHOLDERS WILL, IN AGGREGATE, EACH OWN 50% OF EQUITY OF COMBINED COMPANY.C&J ENERGY SERVICES INC - TWO COMPANIES ANTICIPATE TO ACHIEVE ANNUALIZED RUN-RATE COST SYNERGIES OF $100 MILLION WITHIN 12 MONTHS AFTER CLOSING.C&J ENERGY SERVICES INC - UPON CLOSE, PATRICK MURRAY, CHAIRMAN OF C&J BOARD OF DIRECTORS WILL SERVE AS CHAIR OF COMBINED COMPANY'S BOARD.C&J ENERGY SERVICES INC - COMBINED CO'S BOARD WILL COMPRISE 12 DIRECTORS, SIX OF WHOM WILL BE FROM C&J BOARD.C&J ENERGY SERVICES INC - COMBINED CO'S CORPORATE NAME AND TICKER WILL BE ANNOUNCED PRIOR TO CLOSE OF DEAL..C&J ENERGY SERVICES INC - COMBINED CO'S CORPORATE HEADQUARTERS WILL REMAIN IN HOUSTON, TEXAS..C&J ENERGY SERVICES INC - UPON CLOSE, ROBERT DRUMMOND, CEO OF KEANE, WILL SERVE AS PRESIDENT AND CEO OF COMBINED CO.  Full Article

Keane Reports Q4 Earnings Per Share Of $0.06
Tuesday, 26 Feb 2019 

Feb 25 (Reuters) - Keane Group Inc ::KEANE ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2018 FINANCIAL AND OPERATIONAL RESULTS.Q4 EARNINGS PER SHARE $0.06.SEES Q1 2019 REVENUE $400 MILLION TO $420 MILLION.Q4 REVENUE $486.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF $488.3 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.01 -- REFINITIV IBES DATA.KEANE GROUP- SEES Q1 2019 ANNUALIZED ADJUSTED GROSS PROFIT PER FLEET, BASED ON 20.0 FULLY-UTILIZED FLEETS, EXPECTED TO RANGE BETWEEN $15.0 MILLION AND $17.0 MILLION.BY END OF Q1 OF 2019, EXPECT APPROXIMATELY $20 MILLION OF ADJUSTED EBITDA TAILWIND."POSITIONED TO GENERATE MORE THAN $100 MILLION OF FREE CASH FLOW IN 2019"."EXPECT SEQUENTIAL REVENUE DECLINES IN Q1".FY2019 EARNINGS PER SHARE VIEW $0.05, REVENUE VIEW $1.99 BILLION -- REFINITIV IBES DATA.  Full Article

Keane Expects Q4 Revenue About $490 Million
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Keane Group Inc ::KEANE INCREASES Q4 2018 OUTLOOK, PROVIDES CAPITAL RETURN UPDATE.SEES Q4 2018 REVENUE ABOUT $490 MILLION.FORECASTED Q4 RESULTS INCLUDE APPROXIMATELY $15 MILLION OF LABOR AND MAINTENANCE COSTS.SEES Q4 ADJUSTED EBITDA OF APPROXIMATELY $80 MILLION.BUSINESS IS EXPERIENCING ANTICIPATED LOWER COMPLETIONS ACTIVITY RESULTING FROM SECTOR-WIDE CHALLENGES.Q4 REVENUE VIEW $482.8 MILLION -- REFINITIV IBES DATA.  Full Article

Keane Q3 Earnings Per Share $0.28
Thursday, 1 Nov 2018 

Oct 31 (Reuters) - Keane Group Inc ::KEANE ANNOUNCES THIRD QUARTER 2018 FINANCIAL AND OPERATIONAL RESULTS.Q3 EARNINGS PER SHARE $0.28.SEES Q4 2018 REVENUE $470 MILLION TO $500 MILLION.Q3 REVENUE $558.9 MILLION VERSUS I/B/E/S VIEW $547.6 MILLION.Q3 EARNINGS PER SHARE VIEW $0.22 -- THOMSON REUTERS I/B/E/S.  Full Article

Keane Group to deploy third hydraulic fracturing fleet in 4Q
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Keane Group Inc ::SAYS IT WILL DEPLOY A THIRD NEWBUILD HYDRAULIC FRACTURING FLEET IN THE PERMIAN DURING 4Q 2018.SAYS PERMIAN TAKEAWAY ISSUES WILL BE TRANSITORY, SAYS MACRO ENVIRONMENT FOR PRESSURE PUMPING REMAINS CONSTRUCTIVE.KEANE SAYS ROUGHLY 50 PERCENT OF ITS HYDRAULIC HORSEPOWER IS DEPLOYED IN PERMIAN, 35 PERCENT IN THE MARCELLUS.EXPECTS INCREASE IN NUMBER OF DUCS AS OPERATORS CONTINUE TO DRILL TO MAINTAIN ACCESS TO SUPER-SPEC RIGS.DEPLOYED A NEWBUILD FLEET IN THE MARCELLUS BASIN IN 2Q AND A NEWBUILD FLEET IN THE PERMIAN DURING 2Q.SAYS 'SOME TALK OF SLOWDOWN' IN MARCELLUS SHALE.  Full Article

Keane Group Appoints Robert Drummond As CEO
Thursday, 17 May 2018 

May 16 (Reuters) - Keane Group Inc ::KEANE GROUP ANNOUNCES ADDITION TO ITS EXECUTIVE LEADERSHIP TEAM.SAYS ROBERT W. DRUMMOND APPOINTED CEO.JAMES STEWART, CURRENT CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF KEANE, WILL REMAIN AS EXECUTIVE CHAIRMAN OF BOARD OF DIRECTORS.  Full Article

Keane Group Says Increases Size Of Secondary Offering To 11.0 Mln Shares From 6.0 Mln Shares
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Keane Group Inc ::KEANE GROUP INC SAYS INCREASES SIZE OF SECONDARY OFFERING TO 11.0 MILLION SHARES FROM 6.0 MILLION SHARES - SEC FILING.  Full Article

Keane Group Sees Revenue $498 Mln To $500 Mln For Three Months Ended Dec. 31
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Keane Group Inc ::KEANE GROUP SEES REVENUE $498 MILLION TO $500 MILLION FOR THREE MONTHS ENDED DEC. 31.KEANE GROUP SEES NET INCOME OF $36.3 MILLION - $41.3 MILLION FOR THREE-MONTHS ENDED DEC. 31 - SEC FILING.KEANE GROUP SEES COST OF SERVICES $388 MILLION - $390 MILLION FOR THREE-MONTHS ENDED DEC. 31.Q4 REVENUE VIEW $519.0 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Keane Group Files For Offering 6 Mln Shares Of Common Stock By The Selling Stockholder
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Keane Group Inc ::KEANE GROUP INC FILES FOR OFFERING 6.0 MILLION SHARES OF COMMON STOCK BY THE SELLING STOCKHOLDER - SEC FILING.  Full Article

Keane Group Amends Asset-Based Revolving Credit Facility
Friday, 29 Dec 2017 

Dec 28 (Reuters) - Keane Group Inc ::KEANE ANNOUNCES AMENDED ASSET-BASED REVOLVING CREDIT FACILITY.KEANE GROUP INC - ‍NEW ABL FACILITY EXPANDS COMPANY'S TOTAL AVAILABILITY BY $150 MILLION TO A TOTAL OF $300 MILLION, SUBJECT TO A BORROWING BASE​.KEANE GROUP INC - ‍CO'S ESTIMATED AVAILABILITY UNDER ITS NEW ABL FACILITY FOLLOWING AMENDMENT IS APPROXIMATELY $215 MILLION​.KEANE GROUP - NEW ABL FACILITY ALSO ALLOWS FOR INCREASE IN COMMITMENTS OF UP TO AN ADDITIONAL $150 MILLION, UP FROM PREVIOUS AMOUNT OF UP TO $75 MILLION.  Full Article

Deals of the day-Mergers and acquisitions

June 17 The following bids, mergers, acquisitions and disposals were reported by 2015 GMT on Monday: