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29.04.25 - 13:03
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ProPetro Reports Financial Results for the First Quarter of 2025 (Business Wire)
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MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. ("ProPetro" or "the Company") (NYSE: PUMP) today announced financial and operational results for the first quarter of 2025.
First Quarter 2025 Results and Highlights
Total revenue of $359 million increased 12% compared to $321 million for the prior quarter.
Net income was $10 million ($0.09 income per diluted share) as compared to a net loss of $17 million in the prior quarter ($0.17 loss per diluted share).
Adjusted EBITDA(1) of $73 million was 20% of revenue and increased 38% compared to the prior quarter.
Recorded incurred capital expenditures of $39 million.
Net cash provided by operating activities and Free Cash Flow(2) were $55 million and $22 million, respectively.
Increased total ordered capacity of PROPWR℠ power generation equipment from approximately 140 megawatts to approximately 220 megawatts.
Secured letters of intent on approximately 75 megawatts of long-term PROPWR service capacity with two separate operators in t...
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03.04.25 - 22:33
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ProPetro Announces First Quarter 2025 Earnings Call (Business Wire)
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MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. ("ProPetro" or the “Company") (NYSE: PUMP) today announced that it will issue its first quarter of 2025 earnings release on Tuesday, April 29, 2025, before the opening of trading. ProPetro will also host a conference call on Tuesday, April 29, 2025, at 8:00 AM Central Time to discuss its first quarter results.
To access the conference call, U.S. callers may dial toll free 1-844-340-9046 and international callers may dial 1-412-858-5205. Please call ten minutes ahead of the scheduled start time to ensure a proper connection. The call will also be webcast on ProPetro's website, www.propetroservices.com.
A replay of the conference call will be available for one week following the call and may be accessed toll free by dialing 1-877-344-7529 for U.S. callers, 1-855-669-9658 for Canadian callers, as well as 1-412-317-0088 for international callers. The access code for the replay is 1778575.
About ProPetro
ProPetro Holding Corp. is a Midla...
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04.03.25 - 13:06
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ProPetro Announces Departure of Chief Financial Officer (Business Wire)
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MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. (“ProPetro” or the “Company”) (NYSE: PUMP) today announced the departure of David Schorlemer, its Chief Financial Officer, effective March 3, 2025 (the “Separation Date”).
Sam Sledge, Chief Executive Officer said: “I want to thank David for his dedicated service to the Company for the past four and a half years. David has brought stability, experience and a strong commercial mindset to our executive team. Through his leadership, we have executed several accretive transactions, instituted a successful share repurchase program and developed deep and talented finance, accounting and technology functions. We are immediately commencing a search for David's replacement. I want to wish David success in his future endeavors.”
Celina A. Davila, currently the Chief Accounting Officer and principal accounting officer of the Company, will additionally assume the role of principal financial officer of the Company on an interim basis until a new C...
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19.02.25 - 13:06
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ProPetro Reports Financial Results for the Fourth Quarter and Full Year of 2024 (Business Wire)
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MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. ("ProPetro" or "the Company") (NYSE: PUMP) today announced financial and operational results for the fourth quarter and full year of 2024.
Full Year 2024 Results and Highlights
Revenue was $1.4 billion, an 11% decrease from 2023.
Net loss was $138 million ($1.31 loss per diluted share) as compared to net income of $86 million ($0.76 income per diluted share) in 2023.
Adjusted Net Income(1) was $29 million which excludes noncash impairment expenses.
Adjusted EBITDA(1) was $283 million, a 30% decrease from 2023.
Announced the formation of PROPWR℠, our new power generation business, with total ordered capacity of 140 megawatts of power generation equipment.
Completed the acquisition of Aqua Prop, LLC ("AquaProp℠").
Repurchased and retired 7.2 million shares during 2024 with total repurchases of 13.0 million shares representing approximately 11% of our outstanding common stock since plan inception in May 2023.
Reduced in...
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17.01.25 - 22:36
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ProPetro Announces Fourth Quarter 2024 Earnings Call (Business Wire)
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MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. ("ProPetro" or the “Company") (NYSE: PUMP) today announced that it will issue its fourth quarter of 2024 earnings release on Wednesday, February 19, 2025, before the opening of trading. ProPetro will also host a conference call on Wednesday, February 19, 2025 at 8:00 AM Central Time to discuss its fourth quarter results.
To access the conference call, U.S. callers may dial toll free 1-844-340-9046 and international callers may dial 1-412-858-5205. Please call ten minutes ahead of the scheduled start time to ensure a proper connection. The call will also be webcast on ProPetro's website, www.propetroservices.com.
A replay of the conference call will be available for one week following the call and may be accessed toll free by dialing 1-877-344-7529 for U.S. callers, 1-855-669-9658 for Canadian callers, as well as 1-412-317-0088 for international callers. The access code for the replay is 4912422.
About ProPetro
ProPetro Holding Corp....
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