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Key Energy marks $5.82 million operating loss for Oct. 24 to Oct. 31
By Caroline Salls
Pittsburgh, Nov. 22 – Key Energy Services, Inc. reported a $5.82 million operating loss for the period of Oct. 24 through Oct. 31 on $9.22 million in revenue, according to its monthly operating report filed Tuesday with the Securities and Exchange Commission.
The net loss for the period was $7.58 million.
In addition, the company had $31.49 million in cash and cash equivalents as of Oct. 31.
Key Energy is Houston-based onshore, rig-based well servicing contractor. The company filed bankruptcy on Oct. 24 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 case number 16-12306.
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