See more : B.N.Rathi Securities Limited (BNRSEC.BO) Income Statement Analysis – Financial Results
Complete financial analysis of Forbes Energy Services Ltd. (FLSS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Forbes Energy Services Ltd., a leading company in the Oil & Gas Equipment & Services industry within the Energy sector.
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Forbes Energy Services Ltd. (FLSS)
About Forbes Energy Services Ltd.
Forbes Energy Services, Ltd., an independent oilfield services contractor, provides a range of well site services for oil and natural gas drilling and producing companies to develop and enhance the production of oil and natural gas in the United States. It operates through three segments: Well Servicing, Coiled Tubing, and Fluid Logistics. The Well Servicing segment offers well maintenance services, including remedial repairs, and removal and replacement of downhole production equipment; well workovers, such as downhole repairs, re-completions, and re-perforations; completion and swabbing services; plugging and abandonment services; and pressure testing services of oil and natural gas production and scanning tubing for pitting and wall thickness. The Coiled Tubing segment provides various services, such as horizontal completions, well bore clean-outs and maintenance, nitrogen, thru-tubing, formation stimulation using acid and other chemicals, and other pre-and post-hydraulic fracturing well preparation services. The Fluid Logistics segment transports, stores, and disposes various drilling and produced fluids used in oil and natural gas production. This segment is involved in fluid hauling activities; the disposal of salt water, and incidental non-hazardous oil and natural gas wastes produced from oil and natural gas wells; rental of fluid storage tanks for use by oilfield operators to store various fluids at well sites; and sale and transportation of various chemicals and fluids used in drilling, completion, and workover operations for oil and natural gas wells. As of December 31, 2019, the company operated a fleet of 141 well servicing rigs comprising 134 workover rigs and 7 swabbing rigs; 103 fluid service vacuum trucks, trailers, and other hauling trucks; 11 disposal wells; 2,534 fluid storage tanks; and 14 coiled tubing units. Forbes Energy Services, Ltd. was founded in 2003 and is headquartered in Alice, Texas.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 188.42M | 180.90M | 127.25M | 116.21M | 244.11M | 449.28M | 419.93M | 472.60M | 445.78M | 334.07M | 215.92M | 360.93M | 207.01M | 132.72M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 189.00M | 177.37M | 141.00M | 104.02M | 192.42M | 341.05M | 324.14M | 354.68M | 335.31M | 261.41M | 184.09M | 246.55M | 130.46M | 82.07M |
| Gross Profit | 0.00 | 0.00 | 0.00 | -579.00K | 3.53M | -13.75M | 12.18M | 51.69M | 108.23M | 95.80M | 117.91M | 110.48M | 72.66M | 31.83M | 114.37M | 76.55M | 50.64M |
| Gross Profit Ratio | 0.00% | 0.00% | 0.00% | -0.31% | 1.95% | -10.81% | 10.48% | 21.17% | 24.09% | 22.81% | 24.95% | 24.78% | 21.75% | 14.74% | 31.69% | 36.98% | 38.16% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 24.07M | 25.39M | 19.24K | 26.38M | 31.59M | 36.43M | 30.19M | 33.38M | 0.00 | 23.37M | 21.23M | 17.70M | 8.82M | 6.03M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 19.27M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 0.00 | 0.00 | 0.00 | 24.07M | 25.39M | 19.29M | 26.38M | 31.59M | 36.43M | 30.19M | 33.38M | 31.32M | 23.37M | 21.23M | 17.70M | 8.82M | 6.03M |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 52.37M | 55.03M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 0.00 | 0.00 | 0.00 | 24.07M | 25.39M | 19.29M | 78.75M | 86.63M | 91.39M | 85.02M | 84.38M | 70.98M | 63.33M | 60.70M | 51.42M | 24.17M | 13.44M |
| Cost & Expenses | 0.00 | 0.00 | 0.00 | 213.07M | 202.76M | 160.29M | 182.78M | 279.04M | 432.44M | 409.16M | 439.06M | 406.28M | 324.74M | 244.79M | 297.98M | 154.62M | 95.51M |
| Interest Income | 0.00 | 0.00 | 0.00 | 49.00K | 8.00K | 0.00 | 31.00K | 211.00K | 9.00K | 27.00K | 78.07K | 56.27K | 118.92K | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 24.73M | 11.16M | 0.00 | 27.88M | 27.96M | 28.22M | 28.21M | 27.96M | 27.45M | 27.27M | 26.92M | 25.80M | 8.34M | 5.07M |
| Depreciation & Amortization | 228.49K | 236.56K | 206.30K | 29.40M | 30.54M | 33.65M | 52.37M | 55.03M | 54.96M | 54.84M | 51.00M | 41.83M | 39.96M | 39.58M | 33.72M | 15.34M | 7.41M |
| EBITDA | 0.00 | 0.00 | 0.00 | -14.41M | 8.69M | 611.00K | -28.70M | 20.31M | 71.80M | 65.64M | 84.61M | 46.04M | 49.42M | 12.02M | 92.35M | 67.96M | 44.76M |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 2.55% | 4.80% | 0.48% | -12.19% | 8.23% | 15.98% | 15.63% | 17.89% | 18.26% | 14.79% | 4.96% | 26.78% | 32.72% | 33.62% |
| Operating Income | 0.00 | 0.00 | 0.00 | -24.60M | -21.86M | -33.04M | -81.11M | -34.94M | 16.84M | 10.77M | 33.53M | 39.50M | 9.33M | -28.87M | 58.59M | 52.38M | 37.21M |
| Operating Income Ratio | 0.00% | 0.00% | 0.00% | -13.05% | -12.08% | -25.97% | -69.80% | -14.31% | 3.75% | 2.57% | 7.10% | 8.86% | 2.79% | -13.37% | 16.23% | 25.31% | 28.03% |
| Total Other Income/Expenses | 0.00 | 0.00 | 0.00 | -24.68M | -11.15M | 34.55M | -27.85M | -27.75M | -28.22M | -28.18M | -27.96M | -62.74M | -31.87M | -25.60M | -25.76M | -8.11M | -4.93M |
| Income Before Tax | 0.00 | 0.00 | 0.00 | -68.54M | -33.01M | 1.51M | -108.96M | -62.69M | -11.38M | -17.41M | 5.58M | -23.25M | -17.81M | -54.47M | 32.83M | 44.28M | 32.27M |
| Income Before Tax Ratio | 0.00% | 0.00% | 0.00% | -36.38% | -18.25% | 1.19% | -93.76% | -25.68% | -2.53% | -4.15% | 1.18% | -5.21% | -5.33% | -25.23% | 9.10% | 21.39% | 24.32% |
| Income Tax Expense | 0.00 | 0.00 | 0.00 | -144.00K | -403.00K | 270.00K | 172.00K | -16.61M | -3.06M | -4.62M | 3.36M | -4.68M | -6.50M | -25.14M | 62.57M | 683.29K | 5.07M |
| Net Income | 0.00 | 0.00 | 0.00 | -68.40M | -32.61M | 1.24M | -109.13M | -46.07M | -8.32M | -13.09M | 1.59M | -12.34M | -11.31M | -29.33M | -29.75M | 43.59M | 32.27M |
| Net Income Ratio | 0.00% | 0.00% | 0.00% | -36.30% | -18.03% | 0.98% | -93.91% | -18.87% | -1.85% | -3.12% | 0.34% | -2.77% | -3.39% | -13.58% | -8.24% | 21.06% | 24.32% |
| EPS | 0.00 | 0.00 | 0.00 | -12.50 | -6.07 | 0.06 | -4.91 | -2.09 | -0.38 | -0.61 | 0.04 | -0.59 | -0.54 | -1.87 | -2.59 | 3.22 | 2.38 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | -12.50 | -6.07 | 0.06 | -4.91 | -2.09 | -0.38 | -0.61 | 0.04 | -0.59 | -0.54 | -1.87 | -2.59 | 3.22 | 2.38 |
| Weighted Avg Shares Out | 0.00 | 0.00 | 0.00 | 5.47M | 5.37M | 22.21M | 22.21M | 22.07M | 21.75M | 21.39M | 21.06M | 20.92M | 20.92M | 15.66M | 11.47M | 13.54M | 13.54M |
| Weighted Avg Shares Out (Dil) | 0.00 | 0.00 | 0.00 | 5.47M | 5.37M | 22.21M | 22.21M | 22.07M | 21.75M | 21.39M | 21.34M | 20.92M | 20.92M | 15.66M | 11.47M | 13.54M | 13.54M |
Source: https://incomestatements.info
Category: Stock Reports