US Well Services

US Well Services is an oil and energy company that offers hydraulic fracturing services. It provides high-pressure, hydraulic fracturing services in unconventional oil and natural gas basins. Both our conventional (diesel) and Clean Fleet (electric) hydraulic fracturing fleets are among the most reliable and highest performing fleets in the industry, with the capability to meet the most demanding pressure and pump rate requirements in the industry. The company operates in many of the active shale and unconventional oil and natural gas basins of the United States and our clients truly benefit from the performance and reliability of our equipment and personnel. Specifically, all of our fleets operate on a 24-hour basis and have the ability to withstand the high utilization rates that result in more efficient operations.

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U.S. Well Services, Inc. (USWS) CEO Joel Broussard on Q1 2021 Results - Earnings Call Transcript

U.S. Well Services (USWS) delivered earnings and revenue surprises of -169.23% and 11.16%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

U.S. Well Services (USWS) Reports Q1 Loss, Tops Revenue Estimates

Shares of U.S. Well Services (NASDAQ:USWS) rose 1.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 31.37% year over year to ($0.35), which missed the estimate of ($0.18).

Recap: U.S. Well Services Q1 Earnings

HOUSTON, May 17, 2021 /PRNewswire/ -- U.S. Well Services, Inc. (the "Company", "U.S. Well Services" or "we") (NASDAQ: USWS) today reported first quarter 2021 financial and operational results.   First Quarter 2021 Highlights Averaged 8.8 fully-utilized fleets compared to 5.3 fully-utilized fleets during the fourth quarter of 2020 Total revenue of $76.3 million compared to $48.1 million in the fourth quarter of 2020 Net loss attributable to the Company of $20.6 million compared to net loss of $29.9 million in the fourth quarter of 2020 Adjusted EBITDA(1) of $11.5 million compared to $1.8 million in the fourth quarter of 2020 Reported annualized Adjusted EBITDA per fully-utilized fleet of $5.2 million compared to $1.4 million for the fourth quarter of 2020(2) Financial results were impacted by approximately 7 days of lost work due to the severe and abnormal winter storm impacting Texas in February, resulting in an estimated $5.0 - $5.5 million of lost revenue during that time period Total liquidity, consisting of cash and availability under the Company's asset-backed revolving credit facility, was $32.3 million as of March 31, 2021 (1) Each of Adjusted EBITDA and Adjusted EBITDA margin is a Non-GAAP financial measure.

U.S. Well Services Announces First Quarter 2021 Financial and Operational Results

HOUSTON, May 14, 2021 /PRNewswire/ -- U. S. Well Services, Inc. (NASDAQ: USWS) will issue its financial and operating results for the first quarter 2021 before the market opens on Monday, May 17, 2021 and host its earnings conference call and webcast the same day at 10:00 a.m.

U. S. Well Services Announces First Quarter 2021 Earnings Release Date and Conference Call

HOUSTON, May 12, 2021 /PRNewswire/ -- U.S. Well Services, Inc. (Nasdaq: USWS) (the "Company") announced today in a Current Report on Form 8-K, that as a result of the recent guidance issued by the Securities and Exchange Commission (the "SEC") on April 12, 2021 1 for all SPAC-related companies regarding the accounting and reporting for their warrants (the "SEC Statement"), it will restate its previously issued consolidated financial statements as of and for the years ended December 31, 2018, 2019 and 2020, as well as for the quarterly periods in the years ended December 31, 2019 and December 31, 2020. Any corrections in the accounting for the Company's warrants described below are expected to be non–operational and non-cash, and thus are not expected to have any impact on the Company's Revenue, Operating Income, or non-GAAP financial measures, including EBITDA, Adjusted EBITDA and Adjusted EBITDA margin in prior periods or moving forward.

U.S. Well Services Announces Response to SEC Guidance Issued on April 12, 2021 Applicable to Warrants Issued by Special Purpose Acquisition Companies ("SPACs")

Halliburton

Cimarex Energy

HOUSTON, April 15, 2021 /PRNewswire/ -- U.S. Well Services, Inc. (Nasdaq: USWS) today announced it has filed suit in the United States District Court for the Western District of Texas - Waco Division for patent infringement against Halliburton Company (NYSE: HAL) and Cimarex Energy Co. (NYSE: XEC).  The original complaint alleges infringement of multiple U.S. Well Services patents.

U.S. Well Services, Inc. files suit against Halliburton Company and Cimarex Energy Co. for patent infringement

U.S. Well Services, Inc. (USWS) CEO Joel Broussard on Q4 2020 Results - Earnings Call Transcript

U.S. Well Services (USWS) delivered earnings and revenue surprises of -143.75% and -2.65%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

U.S. Well Services (USWS) Reports Q4 Loss, Lags Revenue Estimates

HOUSTON, March 10, 2021 /PRNewswire/ -- U.S. Well Services, Inc. (the "Company", "U.S. Well Services" or "we") (NASDAQ: USWS) today reported financial and operational results for the full-year and fourth quarter 2020.   Full-Year and Fourth Quarter 2020 Highlights Executed agreements with key customers to provide electric frac services on a contracted basis with three Clean Fleet® all-electric hydraulic fracturing fleets Increased active fleet count to 5.7 fleets for the fourth quarter of 2020 and experienced higher fleet utilization as demand for frac services strengthened Averaged 5.4 fully-utilized fleets for the full-year 2020, as compared to 8.8 fleets for the full-year 2019 Total revenue of $244.0 million in 2020 vs.

U.S. Well Services Announces Full-Year and Fourth Quarter 2020 Financial and Operational Results

HOUSTON, March 5, 2021 /PRNewswire/ -- U. S. Well Services, Inc. (NASDAQ: USWS) will issue its financial and operating results for the full-year and fourth quarter 2020 after the market closes on Wednesday, March 10, 2021 and host its earnings conference call and webcast at 10:00 a.m....

U. S. Well Services Announces Full-Year and Fourth Quarter 2020 Earnings Release Date and Conference Call

HOUSTON, Feb. 23, 2021 /PRNewswire/ -- U.S. Well Services, Inc. (Nasdaq: USWS) (the "Company"), a market leader in electric fracture stimulation services, today announced that it received written notice from the Nasdaq Stock Market LLC ("Nasdaq") on February 22, 2021 confirming that the...

U.S. Well Services Regains Compliance with Nasdaq Minimum Bid Price Requirement

The stock price of US Well Services Inc (NASDAQ: USWS) is trading at over 80% pre-market as of 5:07 AM ET. This is why it happened.

USWS Stock Price Increases Over 80% Pre-Market: Why It Happened

The stock price of US Well Services Inc (NASDAQ: USWS) has increased by over 13% pre-market as of 5:56 AM ET today. This is why it happened.

USWS Stock Price Increases Over 13% Pre-Market: Why It Happened

HOUSTON, Jan. 25, 2021 /PRNewswire/ -- U.S. Well Services, Inc. (Nasdaq: USWS) today announced it has received written notice from the Listing Qualifications Staff of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with Nasdaq Listing Rule...

U.S. Well Services Regains Compliance with Nasdaq Market Value of Listed Securities Rule

HOUSTON, Jan. 13, 2021 /PRNewswire/ -- U.S. Well Services, Inc. (Nasdaq: USWS) today announced it has executed two contracts to expand its electric fracturing services for EQT Corporation (NYSE: EQT). Under the terms of the agreements, U.S. Well Services extended its existing contract for...

U.S. Well Services and EQT Corporation Finalize Long-Term Electric Fracturing Contracts

Range Resources

HOUSTON, Jan. 11, 2021 /PRNewswire/ -- U.S. Well Services, Inc. (Nasdaq: USWS) today announced it has finalized an extension of its contract to provide electric hydraulic fracturing services for Range Resources Corp. (NYSE: RRC) in the Appalachian Basin. "We are excited to continue...

U.S. Well Services and Range Resources Corp. Finalize Extension of Electric Frac Contract

U.S. Well Services, Inc. (USWS) CEO Joel Broussard on Q3 2020 Results - Earnings Call Transcript

U.S. Well Services (USWS) delivered earnings and revenue surprises of -250.00% and -11.47%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

U.S. Well Services (USWS) Reports Q3 Loss, Misses Revenue Estimates

U.S. Well Services (USWS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will U.S. Well Services (USWS) Report Negative Q3 Earnings? What You Should Know

US Well Services, Inc. (USWS) CEO Joel Broussard on Q2 2020 Results - Earnings Call Transcript

THE WOODLANDS, Texas--(BUSINESS WIRE)--Sterling Construction Company, Inc. (NasdaqGS:STRL) (“Sterling” or “the Company”) today announced that Mark D.

Sterling Construction Company Appoints Mark D. Wolf General Counsel, Corporate Secretary and Chief Compliance Officer

U.S. Well Services, Inc. (USWS) delivered earnings and revenue surprises of -218.18% and -9.05%, respectively, for the quarter ended June 2020.

U.S. Well Services, Inc. (USWS) Reports Q2 Loss, Misses Revenue Estimates

U.S. Well Services, Inc. (USWS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

Will U.S. Well Services, Inc. (USWS) Report Negative Earnings Next Week?

HOUSTON, July  23, 2020  (GLOBE NEWSWIRE) -- U.S. Well Services, Inc. (NASDAQ: USWS) will issue its financial and operating results for the second quarter 2020 after the market closes on Wednesday, August 5, 2020 and host its earnings conference call and webcast at 10:00 a.m. Central Time on Thursday August 6, 2020.

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