Edition:
India

Keane Group Inc (FRAC.N)

FRAC.N on New York Stock Exchange

14.86USD
21 Feb 2018
Change (% chg)

$0.24 (+1.64%)
Prev Close
$14.62
Open
$14.69
Day's High
$15.43
Day's Low
$14.60
Volume
303,649
Avg. Vol
325,578
52-wk High
$20.15
52-wk Low
$12.42

Latest Key Developments (Source: Significant Developments)

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

Keane Group reports Q3 revenue of $477.3 mln
Thursday, 2 Nov 2017 

Nov 1 (Reuters) - Keane Group Inc -:Q3 revenue $477.3 million versus I/B/E/S view $491.1 million.Keane announces third quarter 2017 financial and operational results.Keane Group Inc says ‍revenue for Q4 of 2017 is expected to increase between 5 pct and 15 pct sequentially​.Expects annualized adjusted gross profit per fleet for portfolio to increase to $16 million-$18 million on exit-rate basis by end of Q4‍​ 2017.  Full Article

Keane Group appoints Curt Dacar as chief commercial officer of co prior to appointment
Monday, 3 Jul 2017 

July 3 (Reuters) - Keane Group Inc ::Keane Group says appointed curt Dacar as chief commercial officer of co; prior to appointment, Dacar served as CEO of rockpile energy services-sec filing.  Full Article

Keane Group says to acquire Rockpile Energy for $284.5 mln
Friday, 19 May 2017 

May 18 (Reuters) - Keane Group Inc :Keane announces agreement to acquire Rockpile Energy Services.Keane will acquire all issued and outstanding shares of Rockpile in a cash and stock transaction.Deal for $284.5 million.Deal comprised of $135 million in cash, approximately 8.7 million shares of Keane's common stock.$135 million cash component of deal, $9 million capital expenditure reimbursement and fees and expenses will be funded with $135 million of term loans.Deal also comprised of about $26.5 million for capital expenditures for 30,000 previously ordered hydraulic fracturing horsepower.Remaining $17.5 million of $26.5 million total capital expenditures for new horsepower will be funded by operating cash flow throughout build cycle.Deal includes contingent consideration of up to $20 million through contingent value right if stock price is less than $19.00 a share for a certain period.  Full Article

KEANE GROUP SAYS ENTERED INTO NEW $150 MLN ASSET-BASED REVOLVING CREDIT FACILITY
Tuesday, 21 Feb 2017 

Keane Group Inc : KEANE ANNOUNCES NEW CREDIT FACILITY . ON FEBRUARY 17, 2017 COMPANY ENTERED INTO A NEW $150 MILLION ASSET-BASED REVOLVING CREDIT FACILITY . NEW ABL FACILITY WILL MATURE ON FEBRUARY 17, 2022 .NEW ABL FACILITY ALLOWS FOR AN INCREASE IN PARTICIPANT'S COMMITMENTS OF UP TO AN ADDITIONAL $75 MILLION.  Full Article

BRIEF-Keane Announces Upsize And Pricing Of Public Secondary Offering By Selling Stockholder

* KEANE ANNOUNCES UPSIZE AND PRICING OF PUBLIC SECONDARY OFFERING BY SELLING STOCKHOLDER