ProPetro Holding (PUMP) PT Raised to $24 at Raymond James

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Go back to ProPetro Holding (PUMP) PT Raised to $24 at Raymond James

ProPetro Announces Preliminary Fourth Quarter 2018 Financial and Operational Results and Timing of Full Earnings Release and Conference Call

January 22, 2019 4:15 PM EST

MIDLAND, Texas--(BUSINESS WIRE)-- ProPetro Holding Corp. (ProPetro or the Company) (NYSE: PUMP) today announced select preliminary financial and operational highlights for the fourth quarter of 2018.

Preliminary Fourth Quarter 2018 Results

Total revenue of $421 million to $426 million. Costs of services, exclusive of depreciation and amortization, of $299 million to $304 million. General and administrative costs, exclusive of stock-based compensation and other non-recurring items, of $12 million to $14 million. Active hydraulic horsepower (HHP) deployed during the period and at quarter end was 905,000 HHP, or 20 fleets.... More