Company: Quintana Energy Services Inc.
Symbol: QES
Description: They are a growth-oriented provider of diversified oilfield services to leading onshore oil and natural gas exploration and production (E&P) companies operating in both conventional and unconventional plays in all of the active major basins throughout the U.S. The following business segments comprise our primary services: (1) directional drilling services, (2) pressure pumping services, (3) pressure control services and (4) wireline services.
Shares: 9.3 million
Price Range: $12.00-$15.00
Trade Date: 2/8
Underwriter(s): BofA Merrill Lynch, Simmons & Company International
Co-Manager(s): Citigroup, Barclays, Tudor Pickering Holt & Co., Evercore ISI, Stephens Inc., Capital One Securities
Terms Added 1-29-18
Business: The following business segments comprise their primary services: (1) directional drilling services, (2) pressure pumping services, (3) pressure control services and (4) wireline services. They currently operate throughout all active major onshore oil and gas basins in the U.S. and they served more than 800 customers as of November 30, 2017.
Financials:
Their total revenue was $402.3 million, $189.3 million and $210.4 million and their net income (loss) was $62.2 million, ($59.0 million), and ($154.7 million) in 2014, 2015, and 2016, respectively. In the first three quarters of 2016 and 2017, their total revenue was $152.2 million and $307.2 million and their net loss was $23.2 million and $118.9 million, respectively.
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