ProPetro Holding (PUMP) Misses Q4 EPS by 10c, Revenues Beat

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Go back to ProPetro Holding (PUMP) Misses Q4 EPS by 10c, Revenues Beat

ProPetro Reports Preliminary Unaudited Full Year and Fourth Quarter 2019 Results and Provides Other Updates

March 31, 2020 4:54 PM EDT

MIDLAND, Texas--(BUSINESS WIRE)-- ProPetro Holding Corp. (ProPetro or the Company) (NYSE: PUMP) today announced preliminary unaudited financial and operational results for the full year and fourth quarter of 2019 and provided other updates.

Full Year 2019 Operational Highlights

Achieved record-breaking efficiencies in key internal operational metrics each quarter of 2019. Maintained strong profitability through volatile market conditions. Successfully integrated new team members and assets from Pioneer Natural Resources. Effective utilization for the Company averaged 23.9 fleets in 2019.

Full Year 2019 Financial Highlights

Grew total... More