ProPetro Announces Strategic Actions
ProPetro Holding Corp. (PUMP)
Last propetro holding corp. earnings: 3/31 04:54 pm
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US:NASDAQ Investor Relations:
ir.propetroservices.com
Company Research
Source: Business Wire
Implements Measures to Streamline Cost Structure in Challenging Market MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. (“ProPetro” or the “Company”) (NYSE: PUMP) today announced a number of strategic actions to align its cost structure to better reflect currently expected lower activity levels resulting from recent economic and industry forces beyond its control, including the effects of the COVID-19 pandemic, the sharp decline in oil prices and the weak outlook for the oil and gas industry.After thoughtfully considering its options, ProPetro is implementing the following measures to address current market conditions. The Company will continue to prioritize the safety and welfare of its employees and customers as well as its operational excellence:Reducing labor costs related to changing activity levels. Today, ProPetro implemented a workforce reduction to address declining fleet activity.Significantly reducing maintenance capital expenditures and field level consumable cos
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PUMP
Earnings
- 10/30/24 - Miss
PUMP
Sec Filings
- 12/19/24 - Form 8-K
- 12/10/24 - Form 8-K
- 11/27/24 - Form 4
- PUMP's page on the SEC website