You have accessed this news story:
OFS - CEO repays ProPetro, and earnings delayed amid internal probe - August 2019
ProPetro Holdings postponed its full Q2 earnings report amid an investigation by its audit committee into inappropriate expense payments, a failure to disclose frac fleet orders and possible conflicts of interest. The fracker reported Q2 net income that was roughly half of Q1’s, attributed to lower customer activity. Because of inadequate documentation of expenses, several ProPetro officers had to return reimbursement payments, according to a Securities and Exchange Commission filing. CEO Dale Redman returned......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.
PLS Web Client?Log in to proceed
|Sign up for PLS Reports
& Web Access!
Already subscribed to Reports?
Sign up for Web Access!