ProPetro Holding (PUMP) Misses Q3 EPS by 17c, Revenues Beat

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ProPetro Reports Preliminary Financial Results for the Third Quarter 2019

November 13, 2019 4:30 PM EST

MIDLAND, Texas--(BUSINESS WIRE)-- ProPetro Holding Corp. (ProPetro or the Company) (NYSE: PUMP) today announced preliminary financial and operational results for the third quarter of 2019. The Company also provided updates regarding the audit committees internal review and related matters.

Preliminary Third Quarter 2019 and Recent Highlights

Total revenue for the quarter was $541.8 million, as compared to $529.5 million for the second quarter of 2019. Net income was $34.4 million, or $.33 per diluted share, compared to $36.1 million, or $.35 per diluted share, for the second quarter of 2019. Adjusted EBITDA(1) for the quarter was $131.9... More