ProPetro Holding (PUMP) Misses Q2 EPS by 6c, Revenues Miss

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Go back to ProPetro Holding (PUMP) Misses Q2 EPS by 6c, Revenues Miss

ProPetro Reports Results for the Second Quarter 2020

August 4, 2020 4:30 PM EDT

MIDLAND, Texas--(BUSINESS WIRE)-- ProPetro Holding Corp. (ProPetro or the Company) (NYSE: PUMP) today announced unaudited financial and operational results for the second quarter of 2020.

Second Quarter 2020 and Recent Highlights

Total revenue for the quarter was $106.1 million compared to $395.1 million for the first quarter of 2020. Net loss for the quarter was $25.9 million, or $0.26 per diluted share, versus a net loss of $7.8 million, or $0.08 per diluted share, for the first quarter of 2020. Adjusted EBITDA(1) for the quarter was $25.4 million compared to $74.9 million for the first quarter of... More