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BASXQ Basic Energy Services

Basic Energy Services, Inc. engages in the provision of well site services to oil and natural gas drilling and producing companies. It operates its business through the following segments: Completion and Remedial Services, Well Servicing, Water Logistics, and Corporate and Other. The Completion and Remedial Services segment utilizes coiled tubing services, air compressor packages specially configured for underbalanced drilling operations, an array of specialized rental equipment and fishing tools, thru-tubing, and snubbing units. The Well Servicing segment encompasses a full range of services performed with a mobile well servicing rig, including the installation and removal of downhole equipment and elimination of obstructions in the well bore to facilitate the flow of oil and natural gas. The Water Logistics segment focuses in the fleet of trucks and related assets, including specialized tank trucks, storage tanks, water wells, disposal facilities water treatment, and related equipment. The Corporate and Other segment comprises principally of working capital and debt financing costs. The company was founded in 1992 and is headquartered in Fort Worth, TX.

Company profile

Ticker
BASXQ
Exchange
CEO
Thomas Patterson
Employees
Location
Fiscal year end
Former names
BASIC ENERGY SERVICES INC, SIERRA WELL SERVICE INC
SEC CIK
Subsidiaries
Basic Energy • Basic Energy Services LP, LLC • Basic ESA, Inc. • C&J Well Services, Inc. • KVS Transportation, Inc. • Indigo Injection #3, LLC • Indigo Injection #3-1, LLC • North Dakota SWD Well #1, LLC • SCH Disposal, L.L.C. • Taylor Industries, LLC ...
IRS number
542091194

BASXQ stock data

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Calendar

17 Aug 21
17 Oct 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 20.4M 20.4M 20.4M 20.4M 20.4M 20.4M
Cash burn (monthly) (positive/no burn) 56.25K 11.25M 12.22M (positive/no burn) 820.17K
Cash used (since last report) n/a 368.19K 73.66M 79.96M n/a 5.37M
Cash remaining n/a 20.03M -53.26M -59.55M n/a 15.03M
Runway (months of cash) n/a 356.2 -4.7 -4.9 n/a 18.3

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 May 21 Lannen Eric Common Stock Sale back to company Dispose D No No 0.105 8,421 884.2 66,061
17 May 21 Lannen Eric Common Stock Option exercise Acquire M No No 0 8,421 0 74,482
17 May 21 Lannen Eric Common Stock Payment of exercise Dispose F No No 0.105 2,051 215.36 66,061
17 May 21 Lannen Eric Time-Based Phantom Shares Common Stock Option exercise Dispose M No No 0 8,421 0 8,421
17 May 21 Adam Logan Hurley Common Stock Sale back to company Dispose D No No 0.105 9,701 1.02K 45,721
17 May 21 Adam Logan Hurley Common Stock Option exercise Acquire M No No 0 9,701 0 55,422
17 May 21 Adam Logan Hurley Common Stock Payment of exercise Dispose F No No 0.105 2,363 248.11 45,721
17 May 21 Adam Logan Hurley Time-Based Phantom Shares Common Stock Option exercise Dispose M No No 0 9,701 0 9,701
17 May 21 Newman James F. Common Stock Sale back to company Dispose D No No 0.105 13,889 1.46K 169,527
17 May 21 Newman James F. Common Stock Option exercise Acquire M No No 0 13,889 0 183,416

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

3.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 2 2
Opened positions 0 1 EXIT
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 803.7K 803.7K
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Susquehanna Advisors 803.66K $0 0.0%
Captrust Financial Advisors 42 $0 0.0%
Largest transactions
Shares Bought/sold Change
Susquehanna Advisors 803.66K 0 0.0%
Captrust Financial Advisors 42 0 0.0%

Financial report summary

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Management Discussion
  • Consolidated revenues decreased by 27% to $94.3 million in the first quarter of 2021 from $128.4 million in 2020, despite reflecting the full quarter impact of the CJWS acquisition. This decrease, particularly in our Water Logistics and Completion & Remedial Services segments, was primarily due to decreased demand for our services, and was further impacted by the February 2021 severe winter storm in Texas. Our reportable segment revenues consisted of the following:
  • Well Servicing revenues decreased by 6% to $54.8 million in the first quarter of 2021 from $58.1 million in 2020. Rig hours decreased by 8%, due to decreased customer activity levels in 2021 and the February 2021 severe winter storm in Texas. These decreases were partially offset by the full quarter impact in 2021 of the CJWS acquisition. Revenue per rig hour increased 8% in the first quarter of 2021 due to the full quarter impact of the CJWS acquisition. Our weighted average number of rigs increased in 2021 due to the full quarter impact in 2021 of the CJWS acquisition.
  • Water Logistics revenue decreased by 37% to $27.8 million in the first quarter of 2021 from $44.4 million in 2020. Our trucking volumes decreased 46% in the first quarter of 2021 due to decreased customer activity levels in 2021 and the February 2021 severe winter storm in Texas. These decreases were partially offset by the full quarter impact in 2021 of the CJWS acquisition. Our pipeline disposal volumes decreased 6% in the first quarter of 2021 due to decreased customer activity levels in 2021. Our weighted average number of water logistics trucks increased in 2021 due to the full quarter impact in 2021 of the CJWS acquisition.
Content analysis
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