Company profile

William Stacy Locke
Incorporated in
Fiscal year end
Industry (SEC)
Former names
Pioneer Drilling Co, South Texas Drilling & Exploration Inc
IRS number

PES stock data



31 Jul 19
22 Sep 19
31 Dec 19


Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 152.84M 146.57M 141.51M 149.33M
Net income -12.94M -15.12M -14.49M -5.23M
Diluted EPS -0.17 -0.19 -0.19 -0.07
Net profit margin -8.47% -10.31% -10.24% -3.50%
Operating income -2.86M -4.46M -3.75M 4.34M
Net change in cash 3.28M 13.86M -38.47M -10.05M
Cash on hand 30.13M 26.86M 13M 51.47M
Cost of revenue 115.97M 108.59M 103.99M 108.96M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 590.1M 446.46M 277.08M 540.78M
Net income -49.01M -75.12M -128.39M -155.14M
Diluted EPS -0.63 -0.97 -1.96 -2.41
Net profit margin -8.31% -16.83% -46.34% -28.69%
Operating income -9.06M -51.23M -113.45M -166.7M
Net change in cash -60.64M 63.45M -3.97M -20.76M
Cash on hand 13M 73.64M 10.19M 14.16M
Cost of revenue 429.91M 330.88M 203.95M 358.02M

Financial data from company earnings reports

Financial report summary

Management Discussion
  • Statements we make in the following discussion that express a belief, expectation or intention, as well as those that are not historical fact, are forward-looking statements made in good faith that are subject to risks, uncertainties and assumptions. These forward-looking statements are based on our current beliefs, intentions, and expectations and are not guarantees or indicators of future performance. Our actual results, performance or achievements, or industry results, could differ materially from those we express in the following discussion as a result of a variety of factors, including general economic and business conditions and industry trends, levels and volatility of oil and gas prices, the continued demand for drilling services or production services in the geographic areas where we operate, decisions about exploration and development projects to be made by oil and gas exploration and production companies, the highly competitive nature of our business, technological advancements and trends in our industry and improvements in our competitors' equipment, the loss of one or more of our major clients or a decrease in their demand for our services, future compliance with covenants under debt agreements, including our senior secured term loan, our senior secured revolving asset-based credit facility, and our senior notes, future compliance with the listing requirements of the NYSE, operating hazards inherent in our operations, the supply of marketable drilling rigs, well servicing rigs, coiled tubing units and wireline units within the industry, the continued availability of new components for drilling rigs, well servicing rigs, coiled tubing units and wireline units, the continued availability of qualified personnel, the success or failure of our acquisition strategy, the occurrence of cybersecurity incidents, the political, economic, regulatory and other uncertainties encountered by our operations, and changes in, or our failure or inability to comply with, governmental regulations, including those relating to the environment. We have discussed many of these factors in more detail elsewhere in this report and in our Annual Report on Form 10-K for the year ended December 31, 2018, including under the headings “Risk Factors” in Item 1A and “Special Note Regarding Forward-Looking Statements” in the Introductory Note to Part I. These factors are not necessarily all the important factors that could affect us. Other unpredictable or unknown factors could also have material adverse effects on actual results of matters that are the subject of our forward-looking statements. All forward-looking statements speak only as of the date on which they are made and we undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise. We advise our shareholders that they should (1) recognize that important factors not referred to above could affect the accuracy of our forward-looking statements and (2) use caution and common sense when considering our forward-looking statements.
Content analysis ?
H.S. senior Avg
New words: abnormally, acquire, appeal, assurance, BC, budget, carefully, cease, consecutive, cure, deficiency, delist, delisted, EcoQuietTM, effort, electric, exceed, fallen, focused, headcount, hold, intend, interruption, Manual, migration, negotiating, noise, notification, Notwithstanding, NYSE, opportunity, oriented, PES, proactively, promptly, proximity, quicker, reach, realignment, receipt, refinance, regain, requisite, seasonal, South, split, successful, suspended, symbol, urban, vote, wildlife, written, York
Removed: accelerated, check, code, complying, depressed, emerging, Employer, exited, file, filer, fourth, improvement, Interactive, mark, modified, offshore, par, preceding, registrant, remained, shell, shorter, submit, system, telephone, transition, Washington