ProPetro Holding (PUMP) Misses Q3 EPS by 18c
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ProPetro Reports Financial Results for the Third Quarter of 2022
November 1, 2022 4:31 PM EDTMIDLAND, Texas--(BUSINESS WIRE)-- ProPetro Holding Corp. ("ProPetro" or "the Company") (NYSE: PUMP) today announced financial and operational results for the third quarter of 2022.
Third Quarter 2022 and Recent Highlights
Total revenue increased 6% to $333 million compared to $315 million for the second quarter of 2022. Net income of $10 million, or $0.10 per diluted share, compared to net loss of $33 million, or $(0.32) per diluted share, for the second quarter of 2022. Adjusted EBITDA(1) for the quarter increased 18% to $90 million or 27% of revenues, compared to $76 million or 24% of revenues for the second quarter... More