ProPetro Reports Financial Results for the First 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 first quarter of 2024.First Quarter 2024 Results and HighlightsTotal revenue of $406 million increased 17% compared to the prior quarter.Net Income was $20 million ($0.18 income per diluted share) as compared to a net loss of $17 million in the prior quarter ($0.16 loss per diluted share).Adjusted EBITDA(1) of $93 million was 23% of revenue and increased 45% compared to the prior quarter with 50% incremental margins.(2)Incurred capital expenditures were $40 million.Awarded a long-term contract from ExxonMobil for two FORCESM electric-powered hydraulic fracturing fleets with the option for a third FORCESM fleet coupled with our Silvertip wireline and pumpdown services.Four FORCESM electric fleets are now under contract with leading customers with three FORCESM electric fleets currently operating.Increased share repurchase progr
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News
- Are Investors Undervaluing ProPetro Holding (PUMP) Right Now? [Yahoo! Finance]Yahoo! Finance
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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