ProPetro Holding (PUMP) Misses Q2 EPS by 9c, Revenues Beat

ProPetro Holding (NYSE: PUMP) reported Q2 EPS of $0.45, $0.09 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $459.9 million versus the consensus estimate of $424.56 million.

Mr. Redman concluded, “While there is significant discussion concerning transitory crude takeaway infrastructure constraints in the Permian, we believe we are best positioned for ongoing long-term outperformance given our industry-leading execution and service differentiation. Supported by our unique Permian focus, deep relationships and a best-in-class, fully-utilized frac fleet, we have a solid outlook well into 2019. As a result, we will continue to evaluate opportunities to prudently invest in our business to support the needs of our customers and produce value for shareholders.”

For earnings history and earnings-related data on ProPetro Holding (PUMP) click here.

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