ProPetro Holding (PUMP) Misses Q3 EPS by 4c, Revenues Miss

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ProPetro Reports Results for the Third Quarter 2020

November 2, 2020 4:15 PM EST

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

Third Quarter 2020 Highlights

Total revenue for the quarter was $133.7 million compared to $106.1 million for the second quarter of 2020. Net loss for the quarter was $29.2 million, or $0.29 per diluted share, versus a net loss of $25.9 million, or $0.26 per diluted share, for the second quarter of 2020. Adjusted EBITDA(1) for the quarter was $17.4 million compared to $25.4 million for the second quarter of 2020. Effective... More