U. S. Well Services, Inc. (USWS) Misses Q4 EPS by 27c, Revenues Miss

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Go back to U. S. Well Services, Inc. (USWS) Misses Q4 EPS by 27c, Revenues Miss

U.S. Well Services Announces Full-Year and Fourth Quarter 2020 Financial and Operational Results

March 10, 2021 4:15 PM EST

HOUSTON, March 10, 2021 /PRNewswire/ -- U.S. Well Services, Inc. (the "Company", "U.S. Well Services" or "we") (NASDAQ: USWS) today reported financial and operational results for the full-year and fourth quarter 2020.  

Full-Year and Fourth Quarter 2020 Highlights

Executed agreements with key customers to provide electric frac services on a contracted basis with three Clean Fleet® all-electric hydraulic fracturing fleets Increased active fleet count to 5.7 fleets for the fourth quarter of 2020 and experienced higher fleet utilization as demand for frac services strengthened Averaged 5.4 fully-utilized fleets for the... More