UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-Q/A
Amendment 1
The purpose of this Amendment is to include the Financial Data Schedule.
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended
March 31, 1995
or
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from
to
Commission file number 1-8038
KEY ENERGY GROUP, INC.
(Exact name of registrant as specified in its charter)
Maryland 04-2648081
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
255 Livingston Ave., New Brunswick, NJ 08901
(Address of Principal executive offices) (ZIP Code)
Registrant's telephone number including area code: (908)247-4822
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes X No
Indicate by check mark whether the registrant has filed
documents and reports required to be filed by Section 12, 13
or 15(d) of the Securities Exchange Act of 1934 subsequent to
the distribution of securities under a plan confirmed by a court
since there was a distribution of securities under a plan
confirmed by a court. Yes X No
Common Shares outstanding at April 15, 1995: 6,914,513
PART II - OTHER INFORMATION
Item 1. Legal Proceedings
None.
Item 2. Changes in Securities
None.
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Submission of Matters to a Vote of Security Holders.
None
Item 6. Exhibits and Reports on Form 8-K.
(a) The following exhibit is filed as a part of the Form 10-Q:
Number Description
11 (a) Statement - Computation of per share earnings.
(Filed herewith as part of the Condensed
Consolidated Financial Statements).
27 (a) Statement - Financial Data Schedule. (Filed
herewith as part of the Condensed Consolidated
Financial Statements).
(b) There were no reports filed on form 8-K during the
quarter ended March 31, 1995.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly authorized.
KEY ENERGY GROUP, INC.
(Registrant)
By /s/ Francis D. John
Francis D. John
President, Chief Executive Officer
Dated: June 23, 1995 and Chief Financial Officer
By /s/ Danny R. Evatt
Danny R. Evatt
Dated: June 23, 1995 Chief Accounting Officer
<TABLE> <S> <C>
<ARTICLE> 5
<CIK> 0000318996
<NAME> KEY ENERGY GROUP, INC.
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> MAR-31-1995
<CASH> 820
<SECURITIES> 251
<RECEIVABLES> 7,782
<ALLOWANCES> 0
<INVENTORY> 1,058
<CURRENT-ASSETS> 10,647
<PP&E> 33,904
<DEPRECIATION> (3,663)
<TOTAL-ASSETS> 41,871
<CURRENT-LIABILITIES> 7,196
<BONDS> 0
<COMMON> 691
0
0
<OTHER-SE> 18,825
<TOTAL-LIABILITY-AND-EQUITY> 41,871
<SALES> 1,772
<TOTAL-REVENUES> 33,011
<CGS> 1,009
<TOTAL-COSTS> 26,285
<OTHER-EXPENSES> 2336
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 997
<INCOME-PRETAX> 2,384
<INCOME-TAX> 742
<INCOME-CONTINUING> 1,642
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,642
<EPS-PRIMARY> 0.25
<EPS-DILUTED> 0.25
</TABLE>
[ARTICLE] 5
[CIK] 0000318996
[NAME] KEY ENERGY GROUP, INC.
KEY ENERGY GROUP, INC.
COMPUTATION OF PER SHARE EARNINGS EXIBIT 11(a)
NINE AND THREE MONTHS ENDED MARCH 31, 1995 AND MARCH 31, 1994 Page 1 of 1
Nine Months Ended Nine Months Ended
March 31, 1994 March 31, 1995
Fully Fully
(Thousands, except per share amounts) Primary Diluted Primary Diluted
Net Income $1,350 $1,350 $1,642 $1,642
Shares outstanding at beginning of period 5,124 5,124 5,274 5,274
Other dilutive securities:
Common shares issued for acquisition
of OEI 150 150 - -
Common shares issued for acquisition
of WellTech
West Texas operations (weighted average) - - 1,363 1,363
Warrants to purchase Common Stock - 14 - -
Average common shares outstanding 5,274 5,288 6,637 6,637
Earnings per Share:
Net Income $0.39 $0.39 $0.36 $0.36
Three Months Ended Three Months Ended
March 31, 1994 March 31, 1995
Fully Fully
(Thousands, except per share amounts) Primary Diluted Primary Diluted
Net Income $449 $449 $631 $631
Shares outstanding at
beginning of period 5,274 5,274 6,500 6,500
Other dilutive securities:
Common shares issued for
acquisition of OEI - - - -
Common shares issued for
acquisition of WellTech
West Texas operations (weighted average) - - 137 137
Warrants to purchase Common Stock - 14 - -
Average common shares outstanding 5,274 5,288 6,637 6,637
Earnings per Share:
Net Income $0.09 $0.09 $0.10 $0.10
