Key Energy Services Inc. (KEG) posted a third quarter loss of $124.9 million or $1.03 per share, compared to a profit of $48.5 million or $0.39 per share in the prior year period. Excluding certain items, net loss for the third quarter was $24.1 million or $0.20 per share.
On average, 14 analysts polled by Thomson Reuters expected the company to report a loss of $0.20 per share. Analysts' estimates typically exclude special items.
The company said the net loss includes previously announced pre-tax charges of $159.8 million for rig retirements and asset impairments.
Revenue for the period was $237.7 million, compared to $535.6 million in the preceding year period. Eight Wall Street analysts expected revenues of $240.43 million.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.