U. S. Well Services, Inc. (USWS) Misses Q1 EPS by 17c

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Go back to U. S. Well Services, Inc. (USWS) Misses Q1 EPS by 17c

U.S. Well Services Announces First Quarter 2022 Financial and Operational Results

May 16, 2022 6:15 AM EDT

HOUSTON, May 16, 2022 /PRNewswire/ -- U.S. Well Services, Inc. (the "Company", "USWS," "U.S. Well Services" or "we") (NASDAQ: USWS) today reported first quarter 2022 financial and operational results.  

First Quarter 2022 Highlights

Completed $21.5 million Term C Loan financing transaction as well as $25.0 million Registered Direct Offering of common equity and warrantsReduced Term A Loan and Term B Loan (collectively the "Senior Secured Term Loan") borrowings below $103 million, securing 1.0% cash interest and 4.125% PIK interest for remainder of... More