USWS - USWS STOCK NEWS

U.S. Well Services, Inc. (NASDAQ: USWS) will release its third-quarter financial results on November 12, 2021, before markets open. A conference call is scheduled for the same day at 10:00 a.m. CT. The company specializes in hydraulic fracturing services, particularly with its patented electric frac technology which aims to reduce emissions and operational costs for customers. The call can be accessed by phone or via a webcast on the company's website. A replay of the call will be available until November 19, 2021.

On November 1, 2021, U.S. Well Services (USWS) and Nine Energy Service (NINE) announced the success of an all-electric field trial for Northeast Natural Energy (NNE). This project utilized USWS' patented Clean Fleet® technology, achieving a record of 589 total stages completed on nine wells. Emissions were drastically reduced, with CO₂-equivalent, NO₂, and particulate matter emissions down by 25%, 86%, and 94%, respectively. The trial showcases advancements in efficiency and environmental sustainability in hydraulic fracturing.

U.S. Well Services (NASDAQ: USWS) provided an update on its business outlook and strategic initiatives. The company has transitioned fully from diesel to electric fracturing services, operating five electric fleets with plans to expand to nine by the end of 2022. They have reduced their senior secured term loan by $54.3 million, primarily through asset sales. Additionally, a reverse stock split of 1-for-3.5 was executed on September 30, 2021. This split does not alter stockholder rights or preferences. USWS aims to lead in low-cost, low-emission completion services.

U.S. Well Services (USWS) reported second quarter 2021 results with revenue of $78.8 million, up 3% from the prior quarter. The company issued $125.5 million in Convertible Senior Notes, raising $86.5 million in gross cash. Three licenses for its Clean Fleet technology generated $22.5 million. Despite a net loss of $17.7 million, Adjusted EBITDA surged to $36.9 million. U.S. Well Services continues its strategic shift toward electric fracturing, exiting diesel services, with plans to build four new electric fleets.

U.S. Well Services, Inc. (NASDAQ: USWS) will release its financial results for Q2 2021 after market close on August 11, 2021. An earnings conference call and webcast will follow on August 12, 2021, at 10:00 a.m. CT. The company's innovative electric frac technology reduces emissions and operational costs while enhancing efficiency. A replay of the call will be available until August 19, ensuring accessibility for stakeholders unable to attend the live session. For further details, visit www.uswellservices.com.

On July 29, 2021, Seneca Resources and U.S. Well Services (USWS) announced a collaboration to conduct a field trial in Lycoming County, utilizing USWS' Clean Fleet® technology for all-electric well completions. This trial marks Seneca's inaugural use of electric fracturing technology, aligning with its commitment to reduce greenhouse gas emissions. The project aims to analyze emissions data during operations, contributing to Seneca's comprehensive study of low-carbon well completion methods. Results are anticipated to inform future emissions reduction initiatives.

U.S. Well Services (NASDAQ: USWS) has announced the deployment of its all-electric Clean Fleet® for Pioneer Natural Resources (NYSE: PXD) to support operations in the Midland Basin in Q4 2021. This collaboration aims to reduce completion costs and emissions during natural gas operations. USWS's patented technology enhances operational efficiencies while minimizing sound pollution and truck traffic. The company highlights its commitment to sustainability and operational excellence, aligning with Pioneer's initiatives to lower greenhouse gas emissions.

U.S. Well Services (NASDAQ: USWS) has released a new presentation outlining its business and financial strategy, along with recent transactions. The company's patented electric fracture stimulation technology, powered by locally-sourced natural gas, significantly reduces emissions and sound pollution while offering operational efficiencies and cost savings for customers. For more details, the presentation is available on their website.

U.S. Well Services (NASDAQ: USWS) announced a commitment to purchase 60 Power Cubes from AmeriMex Motor & Controls. Each Power Cube contains advanced electric motors and technology that supports the Clean Fleet® system, which aims to reduce emissions and improve operational efficiency. Deliveries are expected to begin in Q3 2021. This decision continues USWS's partnership with AmeriMex and reflects the company's strategy to maintain a competitive advantage in hydraulic fracturing services by leveraging innovative electric technology for enhanced customer outcomes.