Basic Energy: 3Q Earnings Snapshot
FORT WORTH, Texas (AP) _ Basic Energy Services Inc. (BAS) on Wednesday reported a loss of $38.9 million in its third quarter.
The Fort Worth, Texas-based company said it had a loss of $1.52 per share. Losses, adjusted for asset impairment costs, were $1.24 per share.
The oil and gas field service company posted revenue of $178.4 million in the period.
The company’s shares closed at 62 cents. A year ago, they were trading at $7.73.