Basic Energy Services, Inc (NYSE:BAS) Thursday said it swung to a net income in Q2 ended June 30, following a 12% year-over-year increase in revenues. The improvement was a result of strong oil prices and relatively stable natural gas prices driving demand for the well site services provider’s services across its footprint.

Q2 adjusted operating income was $5.4 million, or $0.13 per diluted share, versus an adjusted net loss of $6.2 million, or $0.15 per diluted share, a year earlier. The average analyst estimate was for an adjusted profit per share of $0.09, as compiled by Capital IQ. GAAP net income was $2.4 million, or $0.06 per dilute share, versus a GAAP net loss of $12.8 million, or $0.32 per diluted share, a year ago. Revenue rose to $359.7 million from $325.7 million in 2013, topping the Capital IQ consensus of $357 million.

CEO Roe Patterson said: “We expect our third quarter revenue to be up 4% to 6% sequentially as we anticipate demand for our services to benefit from increased customer spending, along with better weather and longer daylight hours. We also expect additional revenue from new expansion pumping equipment delivered in the third quarter. Overall, we currently anticipate a stronger second half of 2014 compared to the first half.”

DTE Energy Co (NYSE:DTE), a Detroit-based diversified energy company, posted mixed Q2 results, missing on EPS and full-year guidance, while topping estimates on revenue.

Operating earnings, which exclude non-recurring items. rose to $128 million, or $0.73 per diluted share, compared with $109 million, or $0.62 per diluted share. That falls short of analysts’ expectations for $0.76 a share, according to Capital IQ.

GAAP Q2, 2014 earnings were $124 million, or $0.70 per diluted share, compared with $105 million, or $0.60 per diluted share in 2013. Revenue rose to $2.69 billion from $2.22 billion, beating forecasts for $2.1 billion.

DTE Energy reiterated its 2014 operating earnings guidance of $4.20 to $4.40 per diluted share. That’s also shy of the $4.42 analysts are looking for.

LyondellBasell Industries NV (NYSE:LYB) reported Q2 earnings and sales that exceeded analysts’ expectations but warned that results in Q3 will be negatively impacted by the delayed start-up of its La Porte ethylene plant.

The chemical company said earnings from continuing operations rose to $2.22 per diluted share from $1.60 the year earlier, exceeding the $1.92 average estimate from analysts polled by Capital IQ. Sales rose to $12.1 billion from $11.1 billion, also coming in ahead of the $11.4 billion consensus estimate.

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