ProPetro reported a 15% increase in revenue to $250 million compared to the previous quarter. Net loss improved by over 40% to $5 million, and Adjusted EBITDA increased by 18% to $42 million. The company's effective utilization was 13.8 fleets, and it generated $8 million in free cash flow.
Total revenue increased 15% to $250 million compared to Q2 2021.
Net loss improved over 40% to $5 million, or $0.05 per diluted share.
Adjusted EBITDA increased 18% to $42 million compared to Q2 2021.
Net cash provided by operating activities was $65 million.
ProPetro anticipates pressure pumping fundamentals to continue to improve as we progress into 2022 and ProPetro is well prepared to react to the modest increase in activity that we expect in the months to come.
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