Reports Q4 revenue $320.55M, consensus 317.62M. Adjusted EBITDA decreased to $53M from $71M for the third quarter of 2024. The decrease in Adjusted EBITDA was primarily attributable to our decreased hydraulic fracturing and wireline utilization caused by seasonality and holiday impacts. Moreover, we elected to keep all fleets staffed despite the decreased utilization, in our anticipation of our customers resuming operations in early January 2025.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PUMP: