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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.