ProPetro Holding (PUMP) Tops Q1 EPS by 11c ; Provides Outlook

ProPetro Holding (NYSE: PUMP) reported Q1 EPS of $0.18, $0.11 better than the analyst estimate of $0.07. Revenue for the quarter came in at $406 million versus the consensus estimate of $392.86 million.

Guidance

The Company now expects to be on the low end of our prior guidance range for full-year 2024 incurred capital expenditures of $200 million to $250 million. Frac fleet effective utilization is expected to be between 14 to 15 fleets during the second quarter 2024.

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

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