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The company’s management is evaluating the potential impact on controls and its auditors would undertake their own process subsequently, ProPetro said in a filing with the U.S. Securities and Exchange Commission.
ProPetro said it expects the results of operations for the fourth-quarter and the full-year to be consistent with the numbers it published on Feb. 21.
The Midland, Texas-based company was subject to an SEC investigation in 2019 when its board has uncovered material weaknesses in its financial controls and an undisclosed related-party transaction with its former chief accountant.
