Basic Energy Services

At Basic Energy Services, we are committed to being a leader in the oil and gas well servicing industry by:

Providing services which exceed our customers’ expectations
Maintaining a work environment that is satisfying to our employees
Conducting our business in accordance with the highest ethical standards
Generating a financial return to our shareholders that encourages their continued investment in the Company
We strive to fulfill that commitment by getting the job done right, every time.

That means completing our work efficiently to industry and customer standards without injury to people, damage to property or adverse impact to the environment.

We make Safety an integral part of our Mission and our daily work.

At Basic, our Safety Policy is based on 5 key fundamental elements:

Our employees are our most valuable assets
All accidents are preventable
Our employees’ primary job responsibility is the safe completion of their assigned work
We enable our employees to fulfill that responsibility by providing the appropriate training, equipment and work environment
Our employees are granted the authority to slow down or shut down an operation they believe jeopardizes the safety of people, property or the environment.

Type
Public
HQ
Fort Worth, US
Founded
1992
Size (employees)
3,900 (est)
Basic Energy Services was founded in 1992 and is headquartered in Fort Worth, US

Basic Energy Services Office Locations

Basic Energy Services has an office in Fort Worth
Fort Worth, US (HQ)
2100 801 Cherry St

Basic Energy Services Data and Metrics

Basic Energy Services Financial Metrics

Basic Energy Services's revenue was reported to be $182 m in Q1, 2017
USD

Revenue (Q1, 2017)

182 m

Net income (Q1, 2017)

(38.6 m)

EBIT (Q1, 2017)

(29.2 m)

Market capitalization (17-Aug-2017)

1.1 m

Cash (31-Mar-2017)

50.6 m
Basic Energy Services's current market capitalization is $1.1 m.
USDY, 2013Y, 2014Y, 2015FY, 2016

Revenue

1.3 b1.5 b805.6 m547.5 m

Revenue growth, %

18%(46%)(32%)

Operating expense total

1.3 b1.4 b1.1 b843.6 m

EBIT

10.8 m58.4 m(305.7 m)(296.1 m)

EBIT margin, %

1%4%(38%)(54%)

Interest expense

67.2 m67 m68 m(96.6 m)

Interest income

53 k40 k26 k26 k

Pre tax profit

(55.7 m)(7.8 m)(373.1 m)(127.3 m)

Income tax expense

19.7 m(521 k)131.3 m3.9 m

Net Income

(35.9 m)(8.3 m)(241.7 m)(123.4 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

359.7 m394 m261.7 m193.6 m189.2 m130.4 m120 m141.6 m182 m

Cost of goods sold

102.6 m

Gross profit

257 m

Gross profit Margin, %

71%

EBIT

21.1 m32.9 m(33.8 m)(58.8 m)(145 m)(67.3 m)(67 m)(68.9 m)(29.2 m)

EBIT margin, %

6%8%(13%)(30%)(77%)(52%)(56%)(49%)(16%)

Interest income

13 k11 k6 k4 k7 k2 k7 k14 k12 k

Pre tax profit

4.6 m16.2 m(50.5 m)(75.4 m)(162.1 m)(87.9 m)(89.2 m)(92.1 m)(38.3 m)

Net Income

536 k10.5 m(32.6 m)(80.9 m)(186.6 m)(83.3 m)(173.2 m)(265.3 m)(38.6 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

111.5 m79.9 m46.7 m98.9 m

Inventories

34.2 m44.6 m36.9 m35.7 m

Current Assets

403 m415.2 m225 m264.5 m

PP&E

928 m1 b846.3 m488.8 m

Goodwill

110.9 m78 m78 m

Total Assets

1.5 b1.6 b1.2 b768.2 m

Accounts Payable

45.5 m50.6 m54.5 m48 m

Current Liabilities

164.6 m196.1 m169.6 m139.8 m

Total Liabilities

353.8 m

Common Stock

261 k

Additional Paid-in Capital

363.7 m369.9 m374.7 m417.6 m

Retained Earnings

(6.7 m)(15.1 m)(256.8 m)

Total Equity

345.3 m342.7 m106.3 m414.4 m

Financial Leverage

4.5 x4.7 x10.9 x1.9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

99 m57.5 m104.9 m91.8 m56 m75.1 m86.1 m34.3 m50.6 m

Inventories

41 m43.1 m39.8 m40.6 m39.1 m33.8 m33.4 m34.5 m36.6 m

Current Assets

427.2 m415.8 m346.2 m301.7 m261.8 m294.3 m253.1 m217.3 m243.9 m

PP&E

923.2 m981.9 m982.2 m925.7 m895.7 m798 m751.1 m713.8 m510.3 m

Goodwill

112.3 m112.7 m78 m81.9 m78 m

Total Assets

1.6 b1.6 b1.5 b1.4 b1.3 b1.2 b1.1 b1 b769.3 m

Accounts Payable

54.7 m56.2 m33.7 m27.1 m46.9 m35.9 m33 m40.6 m65.7 m

Current Liabilities

180.4 m187.2 m150.9 m151.3 m168.6 m143.9 m152.4 m1.1 b164.6 m

Additional Paid-in Capital

362.4 m366.1 m365.5 m368.6 m371.8 m372.4 m374.7 m376.9 m422 m

Retained Earnings

(6.2 m)3.7 m(47.7 m)(96 m)(201.6 m)(340.2 m)(430 m)(522.1 m)(38.6 m)

Total Equity

350.4 m364.1 m307.5 m262.3 m159.7 m25.2 m380.2 m

Financial Leverage

4.4 x4.4 x4.9 x5.3 x7.8 x46.4 x2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(35.9 m)(8.3 m)(241.7 m)(123.4 m)

Depreciation and Amortization

209.7 m217.5 m241.5 m218.2 m

Accounts Receivable

3.8 m(41 m)144 m(5.7 m)

Inventories

6 m(9.8 m)7.8 m2.1 m

Accounts Payable

(16.2 m)5.1 m3.9 m(6.6 m)

Cash From Operating Activities

165.6 m224.5 m95.5 m(151.5 m)

Purchases of PP&E

(137 m)(236.3 m)(53.9 m)(32.7 m)

Cash From Investing Activities

(139.7 m)(213.4 m)(62.5 m)(29.4 m)

Cash From Financing Activities

(66.2 m)233 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

536 k10.5 m(32.6 m)(80.9 m)(186.6 m)(83.3 m)(173.2 m)(265.3 m)(38.6 m)

Depreciation and Amortization

103.5 m158 m60.9 m121.2 m181.5 m56.2 m111 m164.1 m25.4 m

Accounts Receivable

(28.2 m)(56.5 m)88.8 m121.3 m122.2 m23.6 m24 m7 m(22.7 m)

Inventories

(6.7 m)(8.8 m)4.8 m3.9 m5.7 m3.1 m4.4 m3.3 m(930 k)

Accounts Payable

9.2 m10.7 m(16.9 m)(23.5 m)(3.7 m)(18.6 m)(21.5 m)(14 m)17.7 m

Cash From Operating Activities

94 m131.8 m65.8 m88.1 m93.1 m(20.8 m)(42 m)(71.8 m)(12.9 m)

Purchases of PP&E

(107.4 m)(184.9 m)(25.9 m)(34.8 m)(47.3 m)(4.6 m)(11.6 m)(22.9 m)(25.9 m)

Cash From Investing Activities

(82.2 m)(165.5 m)(22.6 m)(28.4 m)(56.5 m)(87.7 m)(10.1 m)(20.1 m)(24.8 m)

Cash From Financing Activities

(24.4 m)(20.3 m)(18.2 m)(47.8 m)(60.6 m)91.5 m79.5 m(10.5 m)
Y, 2017

Financial Leverage

2 x

Basic Energy Services Market Value History

Traffic Overview of Basic Energy Services

Basic Energy Services Online and Social Media Presence

Basic Energy Services Company Life and Culture

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