PROPETRO HOLDING CORP. (NYSE: PUMP) reported Q2 EPS of $0.06, $0.03 better than the analyst estimate of $0.03. Revenue for the quarter came in at $213.5 million versus the consensus estimate of $195.81 million.

Second Quarter 2017 Highlights

• Total revenue for the quarter increased 24% to $213.5 million, compared to $171.9 million for the first quarter of 2017.
• Net income for the quarter was $4.9 million, or $0.06 per diluted share, as compared to a net loss of $24.4 million, or $0.43 loss per diluted share, for the first quarter of 2017.
• Adjusted EBITDA for the quarter was $30.7 million, up approximately 89% from $16.2 million for the first quarter of 2017.
• Frac fleet remained fully utilized, including deployment of two new build fleets, ending the period with total capacity of 510,000 hydraulic horsepower (“HHP”) – more than a 20% increase as compared to the end of the first quarter of 2017.
• Recently took delivery and immediately commenced operations of an additional frac fleet bringing total deployed capacity to 555,000 HHP, with plans to build and deploy three incremental fleets by year end, bringing total frac fleet capacity to 690,000 HHP.

For earnings history and earnings-related data on PROPETRO HOLDING CORP. (PUMP) click here.