UPDATE: ProPetro Holding (PUMP) Q1 Revenue Beats
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ProPetro Reports Preliminary Unaudited Financial Results for the First Quarter 2020
June 1, 2020 4:15 PM EDTMIDLAND, Texas--(BUSINESS WIRE)-- ProPetro Holding Corp. (ProPetro or the Company) (NYSE: PUMP) today announced preliminary unaudited financial and operational results for the first quarter of 2020 and provided other updates.
Preliminary First Quarter 2020 and Recent Highlights
Total revenue for the quarter was $395.1 million compared to $434.8 million for the fourth quarter of 2019. Net loss for the quarter was $7.8 million, or $0.08 per diluted share, versus net income of $22.7 million, or $0.22 per diluted share, for the fourth quarter of 2019. Adjusted EBITDA(1) for the quarter was $74.9 million compared to $110.3 million... More