ProPetro Holding (NYSE: PUMP) reported Q3 EPS of $0.53, $0.01 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $434 million versus the consensus estimate of $448.76 million.

• Total revenue for the quarter was $434.0 million, as compared to $459.9 million for the second quarter of 2018.
• Net income was $46.3 million, or $0.53 per diluted share, an increase of 18% from $39.1 million, or $0.45 per diluted share, for the second quarter of 2018.
• Adjusted EBITDA for the quarter was $103.4 million, an increase of 8% from $96.0 million for the second quarter of 2018.
• Active hydraulic horsepower (“HHP”) deployed during the quarter and at quarter end was 860,000, or 19 fleets.
• The Company deployed one additional fleet in early October, increasing current total frac fleet capacity to 905,000 HHP, or 20 fleets.

Outlook

Mr. Redman concluded, “We remain confident in our ability to produce consistent results driven by our high performing workforce and close partnerships with a blue-chip customer base. The Permian Basin is the premier resource play in North America and we expect it will remain so for decades to come. We believe we are uniquely positioned for outperformance through the end of 2018 and beyond.”

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