AP NEWS

Basic Energy: 3Q Earnings Snapshot

October 31, 2019 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BAS at https://www.zacks.com/ap/BAS