May 2, 2016 / 10:27 PM / 2 years ago

BRIEF-Secure Energy Services Q1 revenue C$209.1 million

May 2 (Reuters) - Secure Energy Services Inc :

* Secure energy services announces strategic acquisition for $53 million and reports first quarter adjusted EBITDA of $25 million

* Q1 revenue c$209.1 million

* Q1 revenue view c$264.4 million -- Thomson Reuters I/B/E/S

* Entered into an agreement to acquire all of operating assets of Petrolama Energy Canada Inc

* Purchase price will be paid with about $47 .7 million in cash, balance of about $5 .8 million through issuance of common shares

* Secure energy services inc qtrly total revenue $209.1 million versus $366.5 million

* Secure energy services inc qtrly loss per share $0.07

* Secure has also agreed to purchase Petrolama’s inventory on hand at closing

* Petrolama’s expected contribution to adjusted EBITDA for next 12 months is anticipated to be about $8 to $9 million

* Secure energy services inc qtrly adjusted loss per share $0.06

* Q1 earnings per share view c$-0.06, revenue view c$264.4 million -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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