Key Energy Services

OverviewSuggest Edit

Headquartered in Houston, Texas, Key Energy Services offers clients a comprehensive and advanced array of onshore energy production services. Our service offerings include workover, drilling, fluid management, frac stack and well testing, liner hanger systems, fishing and rental services, and consulting services.
Key Energy Services is redefining the industry. We are using technology where none previously existed, building equipment with unmatched speed, quality and efficiency and training our people to excel. All this with one goal in mind: our customers'​ long-term success.
TypePublic
Founded1977
HQHouston, TX, US
Websitekeyenergy.com
Employee Ratings3.3
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)2,000(-23%)
Job Openings85
Revenue (FY, 2019)$0(-100%)
Share Price (Dec 2019)$0.2(+30%)
Cybersecurity ratingBMore

Key People/Management at Key Energy Services

Bob Chitwood

Bob Chitwood

Senior Vice President Western Region
Jacob Kotzubei

Jacob Kotzubei

Director
Joe Cugliari

Joe Cugliari

Vice President Eastern Region
Turner Phipps

Turner Phipps

Vice President Permian Basin Marketplace
Greg Moreno-Earle

Greg Moreno-Earle

Vice President Information Technology
Ken Houston

Ken Houston

Vice President
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Key Energy Services Office Locations

Key Energy Services has an office in Houston
Houston, TX, US (HQ)
Fulbright Tower, 1301 McKinney St #1800
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Key Energy Services Financials and Metrics

Key Energy Services Revenue

USD

Gross profit (Q2, 2020)

(29.9m)

Net income (Q2, 2020)

(19.1m)

EBIT (Q2, 2020)

(16.8m)

Market capitalization (27-Nov-2019)

5.5m

Closing stock price (27-Nov-2019)

0.3

Cash (30-Jun-2020)

6.9m

EV

51.7m
Key Energy Services's current market capitalization is $5.5 m.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2014FY, 2017FY, 2018FY, 2019

Revenue

1.9b436.2m521.7m

Revenue growth, %

20%

Cost of goods sold

835.0m1.2b1.3b1.1b333.5m

Gross profit

724.4m(1.1b)(333.5m)
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

547.4m486.8m516.0m490.9m101.5m107.8m110.7m125.3m144.4m134.7m109.3m

Cost of goods sold

196.2m198.2m271.8m290.6m314.7m311.5m344.0m335.8m299.2m287.1m90.6m88.0m61.7m29.9m

Gross profit

232.7m175.3m172.0m155.1m(90.6m)(88.0m)(61.7m)(29.9m)

Gross profit Margin, %

43%36%33%32%
USDQ2, 2010

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.3 x
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Key Energy Services Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Key Energy Services Online and Social Media Presence

Embed Graph

Key Energy Services Company Culture

  • Overall Culture

    A+

    84/100

  • CEO Rating

    A+

    83/100

  • Compensation

    A+

    92/100

Learn more on Comparably

Key Energy Services News and Updates

Key Energy Services Provides Financial and Operational Update

HOUSTON, June 14, 2021 (GLOBE NEWSWIRE) -- Key Energy Services, Inc. (“Key” or the “Company”)(OTC: KEGX) today provided the following operational and financial update.

Key Energy Services Reports Third Quarter 2020 Earnings

HOUSTON, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Key Energy Services, Inc. (“Key” or the “Company”)(OTC: KEGX) today reported third quarter 2020 consolidated revenues of $42.9 million and a net loss of $3.9 million, or $(0.28) per basic share, as compared to consolidated revenues of $34.8 million and a …

Key Energy Services Announces Permanent President and Chief Executive Officer

HOUSTON, March 25, 2020 (GLOBE NEWSWIRE) -- Key Energy Services, Inc. (“Key” or the “Company”) announced today has named Mr. J. Marshall Dodson as the Company’s President and Chief Executive Officer.  Mr. Dodson began serving in the capacity as the Company’s Interim Chief Executive Officer in Dece…

Key Energy Services Reports Fourth Quarter and Full Year 2019 Earnings

HOUSTON, March 10, 2020 (GLOBE NEWSWIRE) -- Key Energy Services, Inc. (“Key” or the “Company”) reported fourth quarter 2019 consolidated revenues of $85.1 million and a net loss of $30.2 million, or $(73.62) per share as compared to consolidated revenues of $106.5 million and a net loss of $25.5 m…

Key Energy Services Provides Fourth Quarter and Full-Year 2019 Earnings Release and Conference Call Information

HOUSTON, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Key Energy Services, Inc. (OTC: KEGX) will report fourth quarter and full-year 2019 financial results after the market close on Tuesday, March 10, 2020, and Key management will host a conference call to discuss these results on Wednesday, March 11, 2020 a…

Key Energy Services Announces Restructuring Support Agreement

HOUSTON, Jan. 27, 2020 (GLOBE NEWSWIRE) -- Key Energy Services, Inc. (“Key” or the “Company”) announced today that it has entered into a Restructuring Support Agreement (including the exhibit thereto, the “RSA”) with lenders under its term loan facility collectively holding over 99.5% (the “Suppor…
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Key Energy Services Blogs

CORRECTION: DATE CHANGE Key Energy Services Provides Second Quarter 2019

The post CORRECTION: DATE CHANGE Key Energy Services Provides Second Quarter 2019 appeared first on Key Energy.

Key Energy Services Provides First Quarter 2019 Earnings Release and Conference Call Information

The post Key Energy Services Provides First Quarter 2019 Earnings Release and Conference Call Information appeared first on Key Energy.

Key Energy Services to Present at the Bank of America Merrill Lynch 2018 Leveraged Finance Conference

The post Key Energy Services to Present at the Bank of America Merrill Lynch 2018 Leveraged Finance Conference appeared first on Key Energy.

Key Energy Services Provides Third Quarter 2018 Earnings Release and Conference Call Information

The post Key Energy Services Provides Third Quarter 2018 Earnings Release and Conference Call Information appeared first on Key Energy.

Key Energy Services Provides Second Quarter 2018 Earnings Release and Conference Call Information

The post Key Energy Services Provides Second Quarter 2018 Earnings Release and Conference Call Information appeared first on Key Energy.

Key Energy Services Frequently Asked Questions

  • When was Key Energy Services founded?

    Key Energy Services was founded in 1977.

  • Who are Key Energy Services key executives?

    Key Energy Services's key executives are Bob Chitwood, Jacob Kotzubei and Joe Cugliari.

  • How many employees does Key Energy Services have?

    Key Energy Services has 2,000 employees.

  • Who are Key Energy Services competitors?

    Competitors of Key Energy Services include NexTier Oilfield Solutions, Asian Oilfield and APS Technology.

  • Where is Key Energy Services headquarters?

    Key Energy Services headquarters is located at Fulbright Tower, 1301 McKinney St #1800, Houston.

  • Where are Key Energy Services offices?

    Key Energy Services has an office in Houston.

  • How many offices does Key Energy Services have?

    Key Energy Services has 1 office.