Latest news with #ProPetroHoldingCorp
Yahoo
01-08-2025
- Business
- Yahoo
ProPetro Q2 Earnings and Revenues Miss Estimates, Expenses Down
ProPetro Holding Corp. PUMP reported a second-quarter 2025 adjusted loss per share of 7 cents in contrast to the Zacks Consensus Estimate of a profit of 3 cents. This underperformance could be primarily attributed to weak pricing and reduced activity in the reported quarter. The bottom line was also wider than the prior-year quarter's reported loss of 3 cents. Revenues of $326.2 million marginally missed the consensus mark of $327 million. This underperformance is attributed to lower-than-expected service revenues in the Cementing segment, which totaled $32.4 million, down 3% from the consensus estimate. Moreover, the top line decreased 8.6% from the year-ago quarter's level of $357 million. This was due to a year-over-year decline in service revenues from Hydraulic Fracturing, Wireline and All Other. Adjusted EBITDA amounted to $49.6 million, down 31.8% from $72.7 million reported in the previous quarter. The figure also missed our model estimate of $61.1 million. During the quarter, the company signed its first 10-year agreement to deliver around 80 megawatts of long-term PROPWR service to a major oil and gas operator in the Permian Basin. More than half of ProPetro's operating hydraulic horsepower is now covered by long-term contracts, which include two Tier IV DGB dual-fuel fleets and four FORCE electric-powered fracturing fleets. Since launching its $200 million share repurchase program in May 2023, the company has repurchased 13 million shares, representing 11% of its outstanding stock. In May 2025, the program was extended through December 2026. No shares were repurchased this quarter, as the company directed its efforts toward expanding the PROPWR business. ProPetro Holding Corp. Price, Consensus and EPS Surprise ProPetro Holding Corp. price-consensus-eps-surprise-chart | ProPetro Holding Corp. Quote PUMP's Pressure Pumping Segment ProPetro provides hydraulic fracturing, cementing and acidizing functions through its Pressure Pumping segment. The business contributed 100% to PUMP's total revenues in the quarter under review. Service revenues from this unit decreased 8.6% to $326.2 million from the prior-year quarter's level. However, the figure was slightly up from our estimate of $325.4 million. Costs & Financial Position of PUMP Total costs and expenses were $329.3 million for the second quarter, which was down 7.9% from the prior-year quarter's level. However, the amount surpassed our prediction of $322.2 million. The cost of services (exclusive of depreciation and amortization) was $253.2 million compared with $265.8 million in the prior-year quarter. On the other hand, general and administrative expenses (inclusive of stock-based compensation) were $28.5 million compared with $30.9 million in the prior-year quarter. Depreciation and amortization were reduced 28.3% to $43.3 million from the prior-year quarter's level. As of June 30, 2025, PUMP had $74.8 million in cash and cash equivalents and $45 million in borrowings under its ABL Credit Facility. Total liquidity was $178 million, including $103 million in available credit at June-end. Long-term debt amounted to $45 million. The total debt-to-total capital was 6.5%. In the second quarter of 2025, the company spent $73 million on capital projects but paid $37 million during the period. Of this, $30 million went to maintaining the completions business and $43 million was used for developing PROPWR equipment. The difference between what was spent and paid is mainly because some PROPWR costs were covered by a financing partner and some bills are still unpaid. During the second quarter, the company reported $54 million in net cash provided by operating activities, $36 million in net cash used in investing activities and $26 million in free cash flow from the Completions Business. PUMP's Guidance The company expects full-year 2025 capital expenditures to be between $270 million and $310 million, which is about 9% lower at the midpoint compared with the previous guidance. PUMP anticipates the completions business will spend $100 million to $140 million, indicating a reduction due to expected lower activity in the second half of the year. Additionally, the company plans to allocate $170 million in 2025 and $60 million in 2026 for PROPWR equipment orders, with approximately $104 million of these expenditures expected to be financed. During the second quarter, the company had 13 to 14 hydraulic fracturing fleets active. Due to the recent drop in oil prices, affected by tariffs and increased OPEC+ production, and a disciplined approach to asset use, the company anticipates operating around 10 to 11 active hydraulic fracturing fleets on average in the third quarter of 2025. The Zacks Rank #4 (Sell) company anticipates securing long-term agreements for all currently ordered PROPWR equipment (220 megawatts) by the end of 2025 and plans to continue scaling the PROPWR business. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Important Earnings at a Glance While we have discussed PUMP's second-quarter results in detail, let us take a look at three other key reports in this space. San Antonio, TX-based oil and gas refining and marketing service provider, Valero Energy Corporation VLO, reported second-quarter 2025 adjusted earnings of $2.28 per share, which beat the Zacks Consensus Estimate of $1.73. However, the bottom line declined from the year-ago quarter's level of $2.71. The better-than-expected quarterly results can be attributed to an increase in refining margins per barrel of throughput and lower total cost of sales. The positives were partially offset by a decline in refining throughput volumes and renewable diesel sales volumes. The company had cash and cash equivalents of $4.5 billion at the end of the second quarter. As of June 30, 2025, it had a total debt of $8.4 billion and finance-lease obligations of $2.3 billion. Houston, TX-based oil and gas equipment and services provider, Halliburton Company HAL, reported second-quarter 2025 adjusted net income of 55 cents per share, which was in line with the Zacks Consensus Estimate but below the year-ago quarter's profit of 80 cents (adjusted). The numbers reflect softer activity in the North American region, partly offset by international growth. As of June 30, 2025, the company had approximately $2 billion in cash/cash equivalents and $7.2 billion in long-term debt, representing a debt-to-capitalization ratio of 40.4. Halliburton reported second-quarter capital expenditure of $354 million, up from our projection of $338.2 million. Norway-based integrated oil and gas operator, Equinor ASA EQNR, reported second-quarter 2025 adjusted earnings per share of 64 cents, which missed the Zacks Consensus Estimate of 66 cents. The bottom line declined 25% from the year-ago quarter's level of 84 cents. Weak quarterly results can be attributed to lower liquids production across major segments and reduced liquids prices. Natural declines and portfolio divestments in Nigeria and Azerbaijan also contributed to the decrease in overall production. As of June 30, 2025, the company reported $9,472 million in cash and cash equivalents. Its long-term debt was $24,505 million. During the same time, Equinor generated a negative net cash flow of $2,579 million compared with $4,022 million in the year-ago period. Equinor's capital expenditures amounted to $3.4 billion in the second quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Halliburton Company (HAL) : Free Stock Analysis Report Valero Energy Corporation (VLO) : Free Stock Analysis Report ProPetro Holding Corp. (PUMP) : Free Stock Analysis Report Equinor ASA (EQNR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
30-07-2025
- Business
- Bloomberg
Permian Fracking Tumbles on Trade, OPEC Uncertainty, CEO Says
Fracking in the Permian Basin is throttling back faster than expected amid tariff uncertainty and OPEC+ production hikes, according to one of the biggest pressure pumpers in North America's most-prolific oil region. There are now about 70 hydraulic fracturing crews working in the world's largest shale patch, down from as many as 100 at the start of the year, Sam Sledge, chief executive officer at ProPetro Holding Corp., told analysts and investors Wednesday on a conference call.
Yahoo
21-07-2025
- Business
- Yahoo
Here is Why ProPetro Holding (PUMP) Plunged This Week
The share price of ProPetro Holding Corp. (NYSE:PUMP) fell by 13.3% between July 11 and July 18, 2025, putting it among the Energy Stocks that Lost the Most This Week. An oil derrick silhouetted against a rising sun with a blue sky in the background. ProPetro Holding Corp. (NYSE:PUMP) is an oilfield services company that engages in the provision of hydraulic fracturing and other complementary services. ProPetro Holding Corp. (NYSE:PUMP) plunged this week following a downturn witnessed in the overall oilfield services sector, amid reports of a slowdown in drilling activity and a broader pullback in exploration and production spending. Analysts expect the sector to post a decline in earnings in the Q2 earnings season, as well as a drop in guidance for the second half of the year. Moreover, investors may also have reacted to ProPetro Holding Corp. (NYSE:PUMP) recently announcing a change in leadership, with Mr. Caleb Weatherl appointed as the company's new CFO on July 14, 2025. Following the recent decline, the share price of ProPetro Holding Corp. (NYSE:PUMP) has plunged by over 42% since the beginning of 2025. While we acknowledge the potential of PUMP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Oil and Gas Dividend Stocks to Buy Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Sign in to access your portfolio
Yahoo
08-07-2025
- Business
- Yahoo
ProPetro Announces Second Quarter 2025 Earnings Call
MIDLAND, Texas, July 08, 2025--(BUSINESS WIRE)--ProPetro Holding Corp. ("ProPetro" or the "Company") (NYSE: PUMP) today announced that it will issue its second quarter of 2025 earnings release on Wednesday, July 30, 2025, before the opening of trading. ProPetro will also host a conference call on Wednesday, July 30, 2025, at 8:00 AM Central Time to discuss its second 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, 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 2289211. About ProPetro ProPetro Holding Corp. is a Midland, Texas-based provider of premium completion and power services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. We help bring reliable energy to the world. For more information visit View source version on Contacts For further information, please contact: Matt AugustineVice President, Finance and Investor 432-219-7620 Sign in to access your portfolio
Business Wire
08-07-2025
- Business
- Business Wire
ProPetro Announces Second Quarter 2025 Earnings Call
MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. ("ProPetro" or the 'Company") (NYSE: PUMP) today announced that it will issue its second quarter of 2025 earnings release on Wednesday, July 30, 2025, before the opening of trading. ProPetro will also host a conference call on Wednesday, July 30, 2025, at 8:00 AM Central Time to discuss its second 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, 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 2289211. About ProPetro ProPetro Holding Corp. is a Midland, Texas-based provider of premium completion and power services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. We help bring reliable energy to the world. For more information visit
