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| KEG > SEC Filings for KEG > Form 8-K on 5-Feb-2013 | All Recent SEC Filings |
5-Feb-2013
Regulation FD Disclosure, Financial Statements and Exhibits
Key Energy Services, Inc. (the "Company") plans to present at the 2013 Credit Suisse Energy Summit, on February 6, 2013 in Vail, Colorado. As previously announced in a news release issued by the Company on January 22, 2013, this presentation will be available via live webcast. A replay of the presentation will also be available at the Company's website, www.keyenergy.com, under "Investor Relations". During the presentation, among other matters, the Company plans to discuss the following:
• The Company intends to report fourth quarter and full year 2012 financial results after market close on Thursday, February 14, 2013. The Company expects to report consolidated results in line with prior guidance provided on its third quarter 2012 conference call.
• One of the Company's large customers significantly reduced its U.S. well servicing activity late in 2012, and the Company expects the full impact of this reduction to be reflected in the Company's first quarter 2013 results.
• The Company expects activity levels in its U.S. segment to increase after first quarter 2013 and anticipates overall activity for full year 2013 to approximate full year 2012 activity levels.
• The Company's 2013 capital expenditure plan is currently $210 million and is planned to be primarily focused on equipment maintenance and rig fleet upgrades.
A copy of the slides to be used in connection with the presentation is attached
as Exhibit 99.1, and is incorporated herein by reference. The information
contained in this Item 7.01 shall not be deemed "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or incorporated by reference in any filing under the Securities Act of
1933, as amended, or the Exchange Act, except as shall be expressly set forth by
specific reference in such a filing.
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This Current Report on Form 8-K, the attached presentation materials and the Company's webcast presentation contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on the Company's current expectations, estimates and projections about the Company, its industry, its management's beliefs and certain assumptions made by management, including the Company's activity levels and capital expenditure expectations. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these forward-looking statements are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Because such statements involve risks and uncertainties, the Company's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect the Company's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that the Company files periodically with the Securities and Exchange Commission.
(d) Exhibits.
99.1 Presentation materials for Credit Suisse Energy Summit.
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