ProPetro: Q4 Earnings Snapshot

Associated Press Finance
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MIDLAND, Texas (AP) — MIDLAND, Texas (AP) — ProPetro Holding Corp. (PUMP) on Wednesday reported a loss of $17.1 million in its fourth quarter.

The Midland, Texas-based company said it had a loss of 16 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The oilfield services company posted revenue of $347.8 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $360.3 million.

For the year, the company reported profit of $85.6 million, or 76 cents per share. Revenue was reported as $1.63 billion.

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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

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