The earnings for GasFrac are now out. The key to the entire report is that as expected, revenue was constrained due to the explosion in January. The effect was bigger than anticipated, however, since after the shutdown, the company added additional monitoring devices which reduced the available equipment until all was updated (which has now been accomplished).
We will hear more detail from the company in the conference call; however, nothing in today's report changes the view set forth in my previous post.
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