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
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- ProPetro Stock Rises 18% After the Introduction of ProPWR Subsidiary [Yahoo! Finance]Yahoo! Finance
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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