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 Metrics

Basic Energy Services Financial Metrics

Revenue (2015)

$805.6 m

Revenue growth (2014-15), %

(46%)

Net income (2015)

($241.7 m)

Market capitalization (28-Apr-2017)

$655.1 m

Closing share price (28-Apr-2017)

$27.6

Cash (31-Dec-2015)

$46.7 m
Basic Energy Services's current market capitalization is $655.1 m.
Basic Energy Services's revenue was reported to be $805.6 m in 2015 which is a 46% decrease from the previous period.
Y, 2013Y, 2014Y, 2015

Revenue

$1.3 b$1.5 b$805.6 m

Revenue growth, %

18%(46%)

Operating expense total

$1.3 b$1.4 b$1.1 b

EBIT

$10.8 m$58.4 m($305.7 m)

EBIT margin, %

1%4%(38%)

Interest expense

$67.2 m$67 m$68 m

Interest income

$53 k$40 k$26 k

Pre tax profit

($55.7 m)($7.8 m)($373.1 m)

Income tax expense

$19.7 m($521 k)$131.3 m

Net Income

($35.9 m)($8.3 m)($241.7 m)
FY, 2013FY, 2014FY, 2015

Cash

$111.5 m$79.9 m$46.7 m

Accounts Receivable

Inventories

$34.2 m$44.6 m$36.9 m

Current Assets

$403 m$415.2 m$225 m

PP&E

$928 m$1 b$846.3 m

Goodwill

$110.9 m$78 m$78 m

Total Assets

$1.5 b$1.6 b$1.2 b

Accounts Payable

$45.5 m$50.6 m$54.5 m

Current Liabilities

$164.6 m$196.1 m$169.6 m

Additional Paid-in Capital

$363.7 m$369.9 m$374.7 m

Retained Earnings

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

Total Equity

$345.3 m$342.7 m$106.3 m

Financial Leverage

4.5 x4.7 x10.9 x
FY, 2013FY, 2014FY, 2015

Net Income

($35.9 m)($8.3 m)($241.7 m)

Depreciation and Amortization

$209.7 m$217.5 m$241.5 m

Accounts Receivable

$3.8 m($41 m)$144 m

Inventories

$6 m($9.8 m)$7.8 m

Accounts Payable

($16.2 m)$5.1 m$3.9 m

Cash From Operating Activities

$165.6 m$224.5 m$95.5 m

Purchases of PP&E

($137 m)($236.3 m)($53.9 m)

Cash From Investing Activities

($139.7 m)($213.4 m)($62.5 m)

Cash From Financing Activities

($66.2 m)

Basic Energy Services Online Presence

Basic Energy Services Company Life

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