ProPetro Reports Financial Results for the First Quarter of 2021
MIDLAND, Texas–(BUSINESS WIRE)–ProPetro Holding Corp. (“ProPetro” or “the Company”) (NYSE: PUMP) today announced financial and operational results for the first quarter of 2021.
First Quarter 2021 and Recent Highlights
- Total revenue for the quarter was $161 million compared to $154 million for the fourth quarter of 2020.
- Net loss for the quarter was $20 million, or $0.20 per diluted share, compared to net loss of $44 million, or $0.44 per diluted share, for the fourth quarter of 2020.
- Adjusted EBITDA(1) for the quarter was $20 million compared to $24 million for the fourth quarter of 2020.
- Financial results were negatively impacted by eight days of lost revenue during extreme winter weather in Texas during February,…