ProPetro Holding (PUMP) Tops Q1 EPS by 6c
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ProPetro Reports Financial Results for the First Quarter of 2022
May 3, 2022 4:10 PM EDTMIDLAND, Texas--(BUSINESS WIRE)-- ProPetro Holding Corp. ("ProPetro" or "the Company") (NYSE: PUMP) today announced financial and operational results for the first quarter of 2022.
First Quarter 2022 and Recent Highlights
Total revenue for the quarter increased 15% to $283 million compared to $246 million for the fourth quarter of 2021. Net income for the quarter was $12 million, or $0.11 per diluted share, compared to net loss of $20 million, or $0.20 per diluted share, for the fourth quarter of 2021. Adjusted EBITDA(1) for the quarter increased 81% to... More