Edition:
India

Keane Group Inc (FRAC.N)

FRAC.N on New York Stock Exchange

10.17USD
18 Mar 2019
Change (% chg)

$0.37 (+3.78%)
Prev Close
$9.80
Open
$9.92
Day's High
$10.31
Day's Low
$9.92
Volume
265,840
Avg. Vol
282,720
52-wk High
$16.97
52-wk Low
$7.44

Latest Key Developments (Source: Significant Developments)

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

Keane Group Inc - ‍Placed Orders For Approximately 150,000 Newbuild Hydraulic Horsepower
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Keane Group Inc ::KEANE GROUP INC - ‍PLACED ORDERS FOR APPROXIMATELY 150,000 NEWBUILD HYDRAULIC HORSEPOWER, REPRESENTING THREE ADDITIONAL HYDRAULIC FRACTURING FLEETS​.KEANE GROUP INC- EXPECT NEWBUILDS TO INITIALLY GENERATE ANNUALIZED ADJUSTED GROSS PROFIT PER FLEET OF GREATER THAN $20 MILLION.KEANE GROUP INC- TOTAL CAPITAL EXPENDITURES FOR THREE FLEETS WILL BE APPROXIMATELY $115 MILLION.KEANE GROUP - ‍IN ADVANCED DISCUSSIONS WITH BOTH EXISTING AND NEW CUSTOMERS AND EXPECT TO EXECUTE DEDICATED AGREEMENTS FOR NEW FLEETS BY END OF Q1 2018​.KEANE GROUP INC - ‍TWO FLEETS EXPECTED TO BE DELIVERED AND DEPLOYED BY END OF Q2 OF 2018, AND A THIRD BY END OF Q3 OF 2018​.KEANE GROUP INC - ‍INTEND TO FUND CAPITAL EXPENDITURES FOR FLEETS OUT OF CASH ON HAND AND EXPECTED CASH FLOW FROM OPERATING ACTIVITIES​.KEANE GROUP INC- EXPECT GROWTH FROM NEWBUILDS, PROFITABILITY FOR EXISTING 26 FLEETS, TO GENERATE ATTRACTIVE CASH FLOW IN 2018.  Full Article

RPT-U.S. oil service firms face tough quarter despite high crude prices

HOUSTON, Oct 17 Even as crude prices hover near four-year highs, U.S. oilfield service firms' third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending.