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Stock impact report

ProPetro Reports Preliminary Financial Results for the Second Quarter 2019

ProPetro Holding Corp. (PUMP) 
Last propetro holding corp. earnings: 3/31 04:54 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.propetroservices.com
Company Research Source: Business Wire
Delays Conference Call and Form 10-Q MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. (“ProPetro” or “the Company”) (NYSE: PUMP) today announced preliminary financial and operational results for the second quarter of 2019 and delayed its second quarter earnings conference call in order to allow additional time to complete its Quarterly Report on Form 10-Q for the three months ended June 30, 2019 (the "Form 10-Q").Preliminary Second Quarter 2019 HighlightsTotal revenue for the quarter was $529.5 million, as compared to $546.2 million for the first quarter of 2019.Net income was $36.1 million, or $0.35 per diluted share, compared to $69.8 million, or $0.67 per diluted share, for the first quarter of 2019.Adjusted EBITDA(1) for the quarter was $126.6 million compared to $150.3 million for the first quarter of 2019.Effective utilization for the second quarter was 25.6 fleets.As previously announced, ProPetro plans to deploy three new-build electrically powered DuraStim® hydrauli Show less Read more
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