During Thursday’s Current trade, Shares of Pioneer Energy Services Corp (NYSE:PES), gain 1.78% to $3.44.
Pioneer Energy Services (PES) stated financial and operating results for the quarter ended June 30, 2015. Notable items for the second quarter and recent developments comprise:
- Well servicing rig utilization was 73% with average pricing of $595 per hour.
- Drilling utilization in the second quarter was 63% based on an average fleet of 37 rigs.
- Year-to-date sold 27 mechanical and lower horsepower electric drilling rigs for net proceeds of $33.4 million and have one additional rig designated as held-for-sale.
- Mobilizing the second of five new-build 1,500 horsepower AC drilling rigs planned to be delivered in 2015.
- Presently have 17 rigs earning under contract, which comprises six rigs earning but not working.
Merged Financial Results
Revenues for the second quarter of 2015 were $135.0 million, down 30% from revenues of $193.8 million in the first quarter of 2015 (“the preceding quarter”) and down 48% from revenues of $259.8 million in the second quarter of 2014 (“the year-earlier quarter”). The decline from the preceding and year-earlier quarters was due to reduced activity and pricing as a result of lower oil and gas prices.
Net loss for the second quarter of 2015 was $77.3 million, or $1.20 per share, contrast with net loss of $12.0 million, or $0.19 per share, in the preceding quarter and a net loss of $0.3 million, or $0.01 per share, in the year-earlier quarter. Not taking into account the $66.3 million impact of impairment charges, net of taxes and valuation allowances, recognized in the second quarter, primarily for the reduction of carrying values of assets associated with our Colombian operations and six of our non-AC electric drilling rigs in our domestic fleet that are not pad-capable, our Adjusted Net Loss(1) was $11.0 million and Adjusted EPS(2) was a loss of $0.17 per share.
Pioneer Energy Services Corp., through its auxiliaries, provides drilling services and production services to oil and gas exploration and production companies in the United States and Colombia. The company’s Drilling Services Segment provides contract land drilling services in Texas, North Dakota, Utah, Appalachia, and Colombia. As of February 1, 2015, this segment operated a fleet of 47 drilling rigs.
Shares of Spirit Airlines Incorporated (NASDAQ:SAVE), inclined 0.28% to $61.25, during its current trading session.
Spirit Airlines, Inc. (SAVE) stated second quarter 2015 financial results.
- Adjusted net income for the second quarter 2015 raised 12.6 percent to $74.8 million ($1.03 per diluted share) contrast to the second quarter 20141. GAAP net income for the second quarter 2015 raised 18.3 percent year over year to $76.7 million ($1.05 per diluted share).
- Adjusted pre-tax margin for the second quarter 2015 was 21.3 percent1. On a GAAP basis, pre-tax margin for the second quarter 2015 was 21.8 percent.
- Spirit ended the second quarter 2015 with unrestricted cash and cash equivalents of $769.3 million.
- Spirit’s return on invested capital (before taxes and not taking into account special items) for the twelve months ended June 30, 2015 was 29.4 percent2.
Spirit Airlines, Inc. provides low-fare airline services. As of June 30, 2015, it operated about 360 daily flights to 57 destinations in the United States, Caribbean, and Latin America. As of December 31, 2014, the company had a fleet of 65 Airbus single-aisle aircraft comprising 29 A319s, 34 A320s, and 2 A321s. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.
Endurance International Group Hldgs Inc (NASDAQ:EIGI), during its Thursday’s current trading session decreased -3.37% to $16.75.
Domain.com, part of Endurance International Group (EIGI), launched the new domain extensions .TECH and .ONLINE, ongoing the expansion of the Internet’s domain name system and joining over 300 new domain extensions launched by Domain.com in the last two years.
TECH is the latest vertically focused domain extension, targeting tech startups and software developers. .ONLINE is now accessible for pre-registration and carries international meaning and cachet for a global audience. The market demand for these new domain extensions is strong. In just over a year, the .CLUB suffix has already sold over 275,000 new domains.
According to ICANN, the Internet’s governing body for domain names, there are over 700 generic top level domains (gTLDs) already introduced to the Internet. As businesses register these new domains and brand themselves in unique ways, the Web’s landscape will continue to change and expand.
Endurance International Group Holdings, Inc., together with its auxiliaries, provides cloud-based platform solutions for small-and medium-sized businesses worldwide. It offers domain registration, administration, and resale services; proprietary, third-party, and open source Website building tools and design services that enable subscribers with varying degrees of technical sophistication to create a customized Web presence; Web hosting services, counting entry-level shared hosting, and virtual private server and dedicated hosting services; malware protection solutions to protect subscribers Websites from viruses, malicious code, and other threats; and backup control solutions that enable subscribers to plan, maintain, manage, and restore backups of their online data and Websites to meet their particular business needs.
Finally, Omega Healthcare Investors Inc (NYSE:OHI), decreased -1.21%, to $35.78.
Omega Healthcare Investors, Inc. (OHI) declared its results of operations for the three-month period ended June 30, 2015. The Company also stated for the three-month period ended June 30, 2015 Funds From Operations (“FFO”) accessible to common stockholders of $100.7 million or $0.52 per common share and Funds Accessible For Distribution (“FAD”) to common stockholders of $136.1 million or $0.70 per common share.
The $100.7 million of FFO accessible to common stockholders for the second quarter of 2015 comprises $47.1 million of acquisition related costs, $2.9 million of non-cash stock-based compensation expense and a $1.0 million gain related to the early extinguishment of debt. FFO is presented in accordance with the guidelines for the calculation and reporting of FFO issued by the National Association of Real Estate Investment Trusts (“NAREIT”). Adjusted FFO was $0.77 per common share for the three-month period ended June 30, 2015. FFO and Adjusted FFO are non-GAAP financial measures.
GAAP NET INCOME
For the three-month period ended June 30, 2015, the Company stated net income of $43.5 million, or $0.22 per diluted common share, on operating revenues of $197.7 million. This compares to net income of $46.8 million, or $0.37 per diluted common share, on operating revenues of $121.8 million, for the same period in 2014.
For the six-month period ended June 30, 2015, the Company stated net income of $86.5 million, or $0.53 per diluted common share, on operating revenues of $331.1 million. This compares to net income of $102.6 million, or $0.81 per diluted common share, on operating revenues of $242.8 million, for the same period in 2014.
Omega Healthcare Investors, Inc. is a real estate investment firm. The firm invests in the real estate markets of United States. It invests in healthcare facilities, primarily in long-term healthcare facilities in order to create its portfolio. Omega Healthcare Investors, Inc. was founded in 1992 and is based in Maryland, United States.
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