ProPetro (PUMP) Q1 Earnings Beat Estimates, Revenues Fall Y/Y [Yahoo! Finance]
ProPetro Holding Corp. (PUMP)
Last propetro holding corp. earnings: 3/31 04:54 pm
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Source: Yahoo! Finance
The outperformance could be primarily attributed to improved pricing and increased activity in the reported quarter. The bottom line, however, declined from the year-ago quarter's reported level of 40 cents. Revenues of $405.8 million beat the consensus mark of $400 million. This was due to improved pricing and fleet repositioning, additional net pricing gains, a favorable job mix and strong Hydraulic Fracturing and Wireline performance. However, the figure declined 4.2% from the year-ago quarter's level of $423.6 million. Adjusted EBITDA amounted to $93.4 million, up 45.3% from $64.3 million reported in the previous quarter. The outperformance was primarily attributable to higher activity and stable pricing during the reported quarter. The reported figure also beat our estimate of $84.3 million. The company declared that it increased its share repurchase program authorization by $100 million to a total of $200 million on April 24, 2024. The program has been extended to May 2025
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- ProPetro Appoints Alex Volkov to Board of DirectorsBusiness Wire
- ProPetro Holding Corp. (NYSE: PUMP) had its price target raised by analysts at Barclays PLC from $12.00 to $13.00. They now have an "overweight" rating on the stock.MarketBeat
- ProPetro Holding Corp. (NYSE: PUMP) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
PUMP
Earnings
- 5/1/24 - Beat
PUMP
Sec Filings
- 5/14/24 - Form 3
- 5/13/24 - Form 8-K
- 5/10/24 - Form 4
- PUMP's page on the SEC website