ProPetro Reports Financial Results for the Third Quarter of 2024
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
MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. ("ProPetro" or "the Company") (NYSE: PUMP) today announced financial and operational results for the third quarter of 2024.Third Quarter 2024 Results and HighlightsTotal revenue of $361 million increased 1% compared to the prior quarter.Net loss was $137 million ($1.32 loss per diluted share) as compared to a net loss of $4 million in the prior quarter ($0.03 loss per diluted share).The net loss in the third quarter included a noncash impairment expense of $189 million related to the Company's Tier II diesel-only pumping units and related conventional equipment in our hydraulic fracturing operating segment which currently represent a diminishing part of our active fleets.Adjusted Net Income in the quarter was $13 million which excludes the noncash impairment expense.Adjusted EBITDA(1) of $71 million was 20% of revenue and increased 8% compared to the prior quarter.Repurchased and retired 1.3 million shares during the quarter
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News
- ProPetro Holding's Q3 Earnings Beat Estimates, Sales Fall Y/Y [Yahoo! Finance]Yahoo! Finance
- ProPetro Holding Corp. (NYSE: PUMP) had its price target lowered by analysts at Citigroup Inc. from $8.50 to $8.00. They now have a "neutral" rating on the stock.MarketBeat
- ProPetro Holding Corp (PUMP) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- ProPetro Holding (PUMP) Expected to Beat Earnings Estimates: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- The Zacks Analyst Blog Highlights ProPetro, Core Laboratories and Oceaneering [Yahoo! Finance]Yahoo! Finance
PUMP
Earnings
- 10/30/24 - Miss
PUMP
Sec Filings
- 11/4/24 - Form 4
- 10/31/24 - Form 10-Q
- 10/30/24 - Form 8-K
- PUMP's page on the SEC website