12 Nov 2014quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $41.3 million and net income of $4.5 million for the period ended 2014-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 Nov 2014quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $41.3 million and net income of $4.5 million for the period ended 2014-09-30.
14 Aug 2014quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $47.3 million and net income of $2.6 million for the period ended 2014-06-30.
13 Aug 2014quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $47.3 million and net income of $2.6 million for the period ended 2014-06-30.
19 May 2014quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $57.1 million and net income of $1.9 million for the period ended 2014-03-31.
13 May 2014quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $57.1 million and net income of $1.9 million for the period ended 2014-03-31.
24 Apr 2014listing compliance notice▼ BadMajor
SEITEL INC suspended its duty to file periodic reports with the SEC.
19 Feb 2014quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $59.6 million and net income of $105.3 million for the period ended 2013-12-31.
7 Nov 2013quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $44.4 million and net income of $237 thousand for the period ended 2013-09-30.
6 Nov 2013quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $44.4 million and net income of $237 thousand for the period ended 2013-09-30.
12 Aug 2013quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $47.5 million and net income of $6.4 million for the period ended 2013-06-30.
7 Aug 2013quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $47.5 million and net income of $6.4 million for the period ended 2013-06-30.
23 July 2013securities registration● Neutral
SEITEL INC amended an already-effective registration statement.
10 July 2013securities registration● Neutral
SEITEL INC filed the final prospectus for a registered offering.
8 July 2013business combination● Neutral
Seitel filed an exhibit-only amendment to its June 2013 registration statement for exchanging the 9½% Senior Notes due 2019. It adds the legal opinion and auditor consent exhibits (5.1, 23.1, 23.2) and restates the exhibit list; no new financial or business information is given. The exchange offer's completion is still not shown.
19 June 2013business combination● Neutral
Seitel filed a registration statement on June 19, 2013 to exchange the $250 million of 9½% Senior Notes due 2019 for identical notes registered with the SEC, which the March 2013 registration rights agreement required. Seitel receives no proceeds, and the new notes have the same terms apart from transfer restrictions. Subsidiary guarantors are co-registrants. The exchange offer's completion is not shown.
10 May 2013quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $51.4 million and net income of $1.7 million for the period ended 2013-03-31.
21 Mar 2013debt financing● NeutralMajor
On March 20, 2013 Seitel sold $250.0 million of 9½% Senior Notes due 2019 to Deutsche Bank Securities and J.P. Morgan in a private placement, and expects to use the proceeds plus cash on hand to repurchase $275 million of its 9.75% notes due 2014. The new notes are unsecured, guaranteed by significant domestic subsidiaries, and Seitel must offer to register an exchange within 180 days. Amendment No. 2 to the Wells Fargo credit agreement extends its maturity to May 25, 2016 and permits the new notes. This is the refinancing of the 2007 notes that the 2011 credit agreement anticipated.
8 Nov 2012quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $51.6 million and net income of $1.1 million for the period ended 2012-09-30.
13 Aug 2012quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $46.0 million and net income of $1.3 million for the period ended 2012-06-30.
14 May 2012quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $72.5 million and net income of $14.7 million for the period ended 2012-03-31.
5 Apr 2012quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $72.5 million and net income of $14.7 million for the period ended 2012-03-31.
30 Nov 2011debt financing● Neutral
On November 28, 2011 Seitel and Olympic Seismic amended the May 2011 Wells Fargo credit agreement so that Seitel may repurchase a limited amount of its existing high yield notes at a price below par. The filing gives no amounts and no reason.
10 Nov 2011quarterly activities report▼ Bad
SEITEL INC reported quarterly revenue of $52.2 million and a net loss of $5.1 million for the period ended 2011-09-30.
8 Nov 2011quarterly activities report▼ Bad
SEITEL INC reported quarterly revenue of $52.2 million and a net loss of $5.1 million for the period ended 2011-09-30.
12 Aug 2011quarterly activities report▼ Bad
SEITEL INC reported quarterly revenue of $35.5 million and a net loss of $5.0 million for the period ended 2011-06-30.
11 Aug 2011quarterly activities report▼ Bad
SEITEL INC reported quarterly revenue of $35.5 million and a net loss of $5.0 million for the period ended 2011-06-30.
1 June 2011debt financing● NeutralMajor
On May 25, 2011 Seitel and its Canadian subsidiary Olympic Seismic signed a $30 million revolving credit facility with Wells Fargo Capital Finance (with a $5 million Canadian sublimit), with a two-and-a-half-year maturity to be extended if the existing high yield notes are refinanced. It is secured by first-priority liens on substantially all assets and requires minimum excess availability or a fixed charge coverage ratio of at least 1.00 to 1.00. This is a new Wells Fargo facility after the 2009 termination of the Foothill one; the filing does not say what happens to the December 2009 ValueAct facility, which stays an open question.
9 May 2011quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $59.5 million and net income of $511 thousand for the period ended 2011-03-31.
9 May 2011quarterly activities report● Neutral
SEITEL INC reported quarterly revenue of $59.5 million and net income of $511 thousand for the period ended 2011-03-31.