MIDLAND, Texas (AP) — MIDLAND, Texas (AP) — ProPetro Holding Corp. (PUMP) on Wednesday reported fourth-quarter net income of $742,000.
On a per-share basis, the Midland, Texas-based company said it had profit of 1 cent.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The oilfield services company posted revenue of $289.7 million in the period.
For the year, the company reported profit of $824,000, or 1 cent per share. Revenue was reported as $1.27 billion.
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