Economic Atlas
Companies/Forbes Energy Services Ltd.
Company profile

Forbes Energy Services Ltd.

OTC: FLSS · Energy · Oil & Gas Equipment & Services
PublicHQ Alice, TX · Jim WellsCIK 0001434842Reports USD
#197 of 504 Energy companies by revenue53rd-percentile growth
EA Score
——
Revenue TTM
$160.5M
Rev growth YoY (TTM)
-21.2%
Net income (FY)
-$68.4M
Employees
786
as of 2026-08-31
Market cap
$72
as of 2026-08-31

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$188.4M$188.4M2019
Net income-$68.4M-$68.4M2019
Operating income-$43.9M-$43.9M2019
Total assets$190.3M$190.3M2019
Liabilities$166.3M$166.3M2019
Equity$24.0M$24.0M2019

Revenue trend

FY2018 – FY2019 · USD
FY18
FY18
FY18
FY19

Revenue by segment

Filed disclosures · FY2018
By product
Well Servicing46%
Fluid Logistics32%
Coiled Tubing22%
By geography
Central Texas100%
The read

What is Forbes Energy Services Ltd.’s revenue?

Forbes Energy Services Ltd. booked $188.4M in FY2019 revenue, growing 4.2% year over year — about the middle of the pack among Energy companies we track, at a -36.3% net margin.

Peers · Energy
Tenaz Energy Corp.65BLandBridge Company LLC56CPrimeEnergy Resources Corporation69BNCS Multistage Holdings, Inc.70BInPlay Oil Corp.51DNatural Gas Services Group, Inc.68B
Key facts
CEOJohn E. Crisp
SectorEnergy
IndustryOil & Gas Equipment & Services
HeadquartersAlice, TX
ExchangeOTC: FLSS
Employees786
IPO date2008-10-27
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.