• February 25, 2021

ProPetro: 4Q Earnings Snapshot - Odessa American: State

e-Edition Subscribe

ProPetro: 4Q Earnings Snapshot

Print
Font Size:
Default font size
Larger font size

Posted: Tuesday, February 23, 2021 6:19 pm | Updated: 6:46 pm, Tue Feb 23, 2021.

MIDLAND, Texas (AP) — ProPetro Holding Corp. (PUMP) on Tuesday reported a fourth-quarter loss of $44.1 million, after reporting a profit in the same period a year earlier.

The Midland, Texas-based company said it had a loss of 44 cents per share. Losses, adjusted for asset impairment costs and non-recurring costs, came to 13 cents per share.

The results beat Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.

The oilfield services company posted revenue of $154.3 million in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $154.7 million.

For the year, the company reported a loss of $107 million, or $1.06 per share, swinging to a loss in the period. Revenue was reported as $789.2 million.

ProPetro shares have climbed 40% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.35, a rise of 14% in the last 12 months.

—————

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PUMP at https://www.zacks.com/ap/PUMP

© 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Odessa, TX

Current Conditions

Cloudy
42°
Humidity: 51%
Winds: ENE at 13mph
Feels Like: 36°

Your Extended Forecast

Today

weather
High 45°/Low 33°
Cloudy. Highs in the mid 40s and lows in the low 30s.

Tomorrow

weather
High 68°/Low 43°
Mix of sun and clouds. Highs in the upper 60s and lows in the low 40s.

saturday

weather
High 76°/Low 47°
Considerable cloudiness. Highs in the mid 70s and lows in the upper 40s.

sunday

weather
High 64°/Low 37°
Times of sun and clouds. Highs in the mid 60s and lows in the upper 30s.
Online Features

Pet Central

pets

Having a pet is a lot of responsibility, and we’ll help by giving you lots of tips and tricks! More >>

Fitness

Fitness

Our fitness articles will help teach you how to work out with gym- and home-based exercises. More >>

Crosswords

Crosswords

Enjoy the crosswords challenge in our free daily puzzles, from the harder Sunday crossword to the quicker daily. More >>

Sudoku

Sudoku

Every Sudoku has a unique solution that can be reached logically. Enter numbers into the blank spaces so that each row, column and 3x3 box contains the numbers 1 to 9. More >>




  • ALL-ACCESS: Subscribe to our e-edition and premium website at myoaoa.com.
    You can read your daily newspaper without taking a walk to the driveway.
    Look back at yesterday's newspaper, or issues from months ago with our archive feature.
    Call circulation at 432-337-7314 to sign up today.