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Keane Group Inc (FRAC.N)

FRAC.N on New York Stock Exchange

12.56USD
21 Sep 2018
Change (% chg)

$0.03 (+0.24%)
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Volume
808,000
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Latest Key Developments (Source: Significant Developments)

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

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