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Forbes Energy Services Ltd. (FLSS) is an energy company in the oil and gas transportation and infrastructure industry, based in Alice, United States, with about 786 full-time employees.
It reported revenue of $188.42 million for fiscal year 2019, up 4.2% from fiscal year 2018, and net income of -$68.40 million. In Q1 2020 (the quarter ended March 31, 2020) revenue was $30.46 million, down 47.8% from a year before. Its largest business segment, Well Servicing, brought in 46% of segment revenue in fiscal year 2018. Its market capitalization was $71 as of October 8, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2019; market data as of October 8, 2026.
, 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.
Forbes Energy Services reported $188.42 million in revenue for fiscal year 2019, up 4.2% from $180.90 million in fiscal year 2018. In Q1 2020 revenue was $30.46 million.
Well Servicing, with $166.07 million or 46% of segment revenue in fiscal year 2018. Next: Fluid Logistics (32%) and Coiled Tubing (22%).
$71 as of October 8, 2026.
Listed companies of a similar size in the same industry (oil and gas transportation and infrastructure) include Poseidon Concepts Corp. (POOSF), Tesla Exploration Ltd. (TXLZF), Synthesis Energy Systems, Inc. (SYNE), Texas Gulf Energy, Incorporated (TXGE).