Note: EPS may not be comparable

ProPetro Holding (NYSE: PUMP) reported Q4 EPS of $0.12, versus $0.35 reported last year. Revenue for the quarter came in at $313.7 million versus the consensus estimate of $311.69 million.

Fourth Quarter 2017 Highlights

• Increased total revenue by 11% to $313.7 million from $282.7 million in the third quarter of 2017;
• Posted net income of $10.1 million and adjusted EBITDA(1) of $42.8 million; and
• Deployed one new-build fleet (45,000 HHP).

Outlook

Due to the timing of reporting the Company’s year-end results for 2017 near the end of the first quarter, ProPetro is providing preliminary financial estimates for the first quarter of 2018. This includes revenue of between $372 million to $382 million and adjusted EBITDA of between $64 million and $70 million.

Mr. Redman concluded, “Supported by frac operations focused solely on the Permian, the outlook for our business in 2018 is outstanding. Demand for our services is strong and we are continuing to collaborate with our customers to drive wellsite efficiencies. In addition, our supply chain partners have assisted us in avoiding many of the near-term transitory issues in the industry and remain flexible to our needs. These factors, combined with our reputation for providing industry-leading execution, provide us the confidence to continue to invest in our business and thereby increase shareholder value.”

For earnings history and earnings-related data on ProPetro Holding (PUMP) click here.