Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.19.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule of Reconciliation of Segment Adjusted EBITDA to Net Loss
The following table presents a reconciliation of Segment Adjusted EBITDA to net loss (in thousands of dollars):
 

Three Months Ended
March 31,
 

2019

2018
Directional Drilling

$
9,480


$
2,580

Pressure Pumping

(3,504
)

9,889

Pressure Control

3,241


3,650

Wireline

2,064


2,564

Corporate and Other

(6,877
)

(13,824
)
Income tax expense

(177
)

(51
)
Interest expense

(671
)

(10,192
)
Depreciation and amortization

(12,440
)

(11,078
)
Gain on disposition of assets, net

23


106

       Net loss

$
(8,861
)

$
(16,356
)
Schedule of Financial Information Related to Assets Position
Financial information related to the Company’s total assets position as of March 31, 2019 and December 31, 2018, by segment, is as follows (in thousands of dollars):
 
 
March 31, 2019
 
December 31, 2018
Directional Drilling
 
$
119,886

 
$
105,942

Pressure Pumping
 
113,202

 
121,824

Pressure Control
 
75,424

 
70,401

Wireline
 
39,697

 
28,039

Total
 
$
348,209

 
$
326,206

Corporate & Other
 
9,493

 
7,344

Eliminations
 
(12,003
)
 
(9,001
)
       Total assets
 
$
345,699

 
$
324,549

Schedule of Financial Information with Respect to Reportable Segments
The following tables set forth certain financial information with respect to QES’ reportable segments (in thousands of dollars):
 
 
Three Months Ended March 31, 2019
 
 
Directional
Drilling
 
Pressure
Pumping
 
Pressure
Control
 
Wireline
 
Total
Revenues
 
$
61,956

 
$
28,631

 
$
28,775

 
$
22,303

 
$
141,665

Depreciation and amortization
 
2,966

 
5,478

 
2,932

 
1,064

 
12,440

Capital expenditures
 
$
3,391

 
$
3,289

 
$
5,048

 
$
910

 
$
12,638

 
 
Three Months Ended March 31, 2018
 
 
Directional
Drilling
 
Pressure
Pumping
 
Pressure
Control
 
Wireline
 
Total
Revenues
 
$
37,602

 
$
53,400

 
$
27,961

 
$
22,305

 
$
141,268

Depreciation and amortization
 
2,607

 
5,536

 
1,913

 
1,022

 
11,078

Capital expenditures
 
$
2,708

 
$
5,211

 
$
4,380

 
$
115

 
$
12,414