MIDLAND, Texas (AP) — MIDLAND, Texas (AP) — ProPetro Holding Corp. (PUMP) on Wednesday reported a loss of $8.1 million in its second quarter.
The Midland, Texas-based company said it had a loss of 7 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The oilfield services company posted revenue of $305.8 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $300.5 million.
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