ProPetro: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2024, 09:23 AM ET
Last Updated - Jul 31, 2024, 09:23 AM EDT
MIDLAND, Texas (AP) — MIDLAND, Texas (AP) — ProPetro Holding Corp. (PUMP) on Wednesday reported a loss of $3.7 million in its second quarter.
The Midland, Texas-based company said it had a loss of 3 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The oilfield services company posted revenue of $357 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $362.3 million.
