Welcome to our dedicated page for Propetro Holding news (Ticker: PUMP), a resource for investors and traders seeking the latest updates and insights on Propetro Holding stock.
ProPetro Holding Corp (PUMP) delivers essential oilfield services including hydraulic fracturing, wireline operations, and cementing across North America's key energy regions. This page provides investors and industry professionals with direct access to the company's official announcements and strategic updates.
Track critical developments through curated press releases covering quarterly earnings, equipment fleet expansions, and strategic partnerships in the energy sector. Our repository ensures timely access to operational milestones and financial disclosures from the Permian Basin specialist.
Discover updates on ProPetro's sustainability initiatives, technology deployments, and market positioning within the competitive oil services landscape. All content is sourced from verified corporate communications to maintain accuracy and compliance.
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ProPetro Holding Corp. (NYSE: PUMP) has settled its SEC investigation without any monetary penalty. The settlement requires the company to cease and desist from specified violations of federal securities laws related to financial controls and disclosures. ProPetro emphasized its full cooperation with the SEC and highlighted remedial actions taken to improve internal policies and governance. All previously identified material weaknesses have been addressed, reinforcing the company's operational integrity. This resolution aims to strengthen ProPetro's corporate culture moving forward.
ProPetro Holding Corp. (NYSE: PUMP) reported a 15% increase in revenue for Q3 2021, totaling $250 million, compared to $217 million in Q2 2021. The net loss improved to $5 million or $0.05 per diluted share, from $9 million or $0.08 per diluted share in Q2. Adjusted EBITDA rose 18% to $42 million. Operating cash flow was $65 million, with a positive free cash flow of approximately $8 million. ProPetro is expanding its ESG initiatives with an order of 50 Tier IV dual-fuel units for $74 million.
ProPetro Holding Corp. (NYSE: PUMP) will release its third quarter 2021 earnings on November 2, 2021, after trading hours. A conference call will take place on November 3, 2021, at 8:00 AM Central Time to discuss the results. U.S. callers can dial 1-844-340-9046 for access, while international callers can use 1-412-858-5205. The call will also be available via webcast on their website. A replay of the call will be available for one week thereafter.
ProPetro Holding Corp. (NYSE: PUMP) has confirmed an order for 50 Tier IV Dynamic Gas Blending pumping unit conversions, totaling approximately
ProPetro Holding Corp. (NYSE: PUMP) reported a significant increase in financial performance for Q2 2021, with total revenue rising 34% to $217 million, up from $161 million in Q1. The net loss narrowed to $9 million ($0.08 per diluted share) from $20 million ($0.20 per diluted share) in the previous quarter. Adjusted EBITDA surged 78% to $36 million. Effective fleet utilization improved to 13.1 from 10.3 fleets. The company generated positive free cash flow of $16 million, compared to a negative $5 million prior. ProPetro remains focused on ESG-friendly technologies and plans to mitigate global supply chain risks.
ProPetro Holding Corp. (NYSE: PUMP) announced a transition in executive leadership effective August 31, 2021. Phillip Gobe will become Executive Chairman, while Sam Sledge is promoted from President to Chief Executive Officer, and Adam Muñoz expands his role to President and Chief Operating Officer. This leadership change follows a comprehensive succession planning process by the Board, aimed at ensuring continuity and focusing on ProPetro’s customer and shareholder needs. The company continues to prioritize capital discipline and enhancing service quality amid ongoing industry challenges.
ProPetro Holding Corp. (NYSE: PUMP) is set to release its second quarter 2021 earnings on August 3, 2021, after market close. A conference call will follow on August 4, 2021, at 8:00 AM Central Time, to discuss the results. U.S. callers can access the call at 1-877-879-1183, while international callers should dial 1-412-902-6703. The call will also be available via webcast on ProPetro's website. A replay of the conference call will be available for one week.
ProPetro Holding Corp. (NYSE: PUMP) reported first-quarter financial results with revenues of $161 million, up from $154 million in Q4 2020. The company incurred a net loss of $20 million ($0.20 per share), significantly better than the $44 million loss in the previous quarter. Adjusted EBITDA fell to $20 million from $24 million due to operational disruptions from severe winter weather. Effective fleet utilization rose to 10.3 fleets. ProPetro remains debt-free with a liquidity of $114 million as of March 31, 2021.
ProPetro Holding Corp. (NYSE: PUMP) announced it will release its first quarter 2021 earnings on May 4, 2021, following market close. A conference call is scheduled for May 5, 2021, at 8:00 AM CT to discuss these results. Interested parties can access the call via U.S. toll-free number 1-844-340-9046 or internationally at 1-412-858-5205. The call will also be available on the company’s website. A replay will be accessible for one week post-call. ProPetro specializes in pressure pumping services for North American oil and gas exploration and production.
