Market Overview

ProPetro Holding: Q2 Earnings Insights

Share:

Shares of ProPetro Holding (NYSE:PUMP) moved lower by 3.31% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 174.29% over the past year to ($0.26), which missed the estimate of ($0.20).

Revenue of $106,109,000 decreased by 79.96% year over year, which missed the estimate of $111,140,000.

Looking Ahead

ProPetro Holding hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Technicals

Company's 52-week high was at $17.53

Company's 52-week low was at $1.36

Price action over last quarter: Up 19.09%

Company Profile

ProPetro Holding Corp is a Texas-based oilfield services company. It provides hydraulic fracturing and other complementary services to oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. The company focused is on Permian Basin. The operating segment of the company are Hydraulic Fracturing, Cementing, Coiled Tubing, Flowback, and Drilling.

 

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Posted-In: Earnings