U.S. Well Services Announces Third Quarter 2020 Financial and Operational Results
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U. S. Well Services, Inc. (USWS) Misses Q3 EPS by 16c, Revenues Miss
November 5, 2020 5:13 PM ESTU. S. Well Services, Inc. (NASDAQ: USWS) reported Q3 EPS of ($0.28), $0.16 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $44.04 million versus the consensus estimate of $49.75 million.
Third Quarter 2020 Highlights
Averaged 4.2 fully-utilized fleets compared to 3.4 fully-utilized fleets during the second quarter of 2020Total revenue of $44.0 million compared to $39.8 million in the second quarter of 2020Net loss attributable to the Company of $15.9 million compared to net loss of $18.1 million in the second quarter of 2020Adjusted EBITDA(1) of $7.9 million compared to $8.5 million in the second quarter of... More