Forbes Energy Services Reports 2015 First Quarter Financial Results
ALICE, Texas, May 14, 2015 -- Forbes Energy Services Ltd. (FES) announced financial and operating results for the three months ended March 31, 2015.
Selected financial information for the quarter ended March 31, 2015:
- Consolidated revenues were $84.3 million for the first quarter of 2015, compared to $111.7 million for the fourth quarter of 2014.
- Gross profit decreased to $23.8 million, or 28.2% of revenues, in the first quarter of 2015, compared to $25.9 million, or 23.2% of revenues, in the fourth quarter of 2014.
- GAAP net loss attributable to common shares was $4.6 million, or $0.21 per diluted share, for the first quarter of 2015, compared to net loss attributable to common shares of $4.2 million, or $0.19 per diluted share for the fourth quarter of 2014.
-
Adjusted EBITDA totaled $14.6 million in the first quarter of 2015, compared to $16.4 million in the fourth quarter of 2014.
Read more: Forbes Energy Services Ltd ( FES )
- Published: 14 May 2015
- Written by Editor
Ocean Rig UDW Inc. Reports Financial and Operating Results for the First Quarter 2015
Noble Energy Announces Entry Into Eagle Ford And Permian Through Acquisition Of Rosetta Resources
Pacific Rubiales confirms offer and exclusive discussions
Execution of Asset Purchase Agreement for the Acquisition of 1,800 boe/d of Production and a 25,000 bbls/d Fluid Processing Facility in Southern Alberta
