ProPetro Holding (PUMP) Misses Q3 EPS by 134c; offers guidance

ProPetro Holding (NYSE: PUMP) reported Q3 EPS of ($1.32), $1.34 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $361 million versus the consensus estimate of $366.91 million.

GUIDANCE

For the second time this year, the Company is reducing its full-year 2024 capital expenditure guidance to be between $150 million to $175 million, down from prior guidance of $175 million to $200 million.

During the third quarter, 14 hydraulic fracturing fleets were active and we expect to run approximately 14 active frac fleets in the fourth quarter of 2024.

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

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