Welcome to our dedicated page for Propetro Holding news (Ticker: PUMP), a resource for investors and traders seeking the latest updates and insights on Propetro Holding stock.
ProPetro Holding Corp (PUMP) delivers essential oilfield services including hydraulic fracturing, wireline operations, and cementing across North America's key energy regions. This page provides investors and industry professionals with direct access to the company's official announcements and strategic updates.
Track critical developments through curated press releases covering quarterly earnings, equipment fleet expansions, and strategic partnerships in the energy sector. Our repository ensures timely access to operational milestones and financial disclosures from the Permian Basin specialist.
Discover updates on ProPetro's sustainability initiatives, technology deployments, and market positioning within the competitive oil services landscape. All content is sourced from verified corporate communications to maintain accuracy and compliance.
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ProPetro Holding Corp. (NYSE: PUMP) has scheduled its first quarter 2025 earnings release for Tuesday, April 29, 2025, before market opening. The company will host a conference call on the same day at 8:00 AM Central Time to discuss the results.
Investors can access the conference call through multiple channels: U.S. callers can dial toll-free at 1-844-340-9046, while international participants can dial 1-412-858-5205. The call will also be available via webcast on the company's website. A replay will be accessible for one week following the call through various numbers for U.S., Canadian, and international callers using the access code 1778575.
ProPetro Holding Corp. (NYSE: PUMP) announced that Chief Financial Officer David Schorlemer will depart effective March 3, 2025. During his 4.5-year tenure, Schorlemer led several accretive transactions, implemented a share repurchase program, and strengthened the company's finance, accounting, and technology functions.
Chief Accounting Officer Celina A. Davila, who was appointed in November 2023, will serve as interim principal financial officer until a new CFO is appointed. CEO Sam Sledge expressed confidence in the company's ability to maintain high-level execution during this transition period, citing the strong team built under Davila and Schorlemer's leadership.
ProPetro (NYSE: PUMP) reported financial results for Q4 and full year 2024. Full-year revenue decreased 11% to $1.4 billion, with a net loss of $138 million compared to net income of $86 million in 2023. Adjusted EBITDA declined 30% to $283 million.
The company launched PROPWR℠, ordering 140 megawatts of power generation equipment, and completed the AquaProp℠ acquisition. They repurchased 7.2 million shares in 2024, with total repurchases of 13.0 million shares since May 2023. Capital expenditures reduced by 57% to $133 million.
Q4 2024 revenue was $321 million, down from $361 million in Q3, with a net loss of $17 million. The company expects to run 14-15 frac fleets in Q1 2025 and projects 2025 capital expenditures between $300-400 million.
ArcBest (ARCB) reported Q4 2024 revenue of $1.0 billion, down from $1.1 billion in Q4 2023, with net income decreasing to $29.0 million ($1.24 per diluted share) from $48.8 million ($2.01 per diluted share). Full-year 2024 revenue was $4.2 billion versus $4.4 billion in 2023.
The Asset-Based segment saw Q4 revenue decline 7.6% to $656.2 million, with tonnage per day decreasing 7.3% and operating income falling to $52.3 million. The Asset-Light segment reported Q4 revenue of $375.4 million, down 9.2%, with an operating loss of $1.6 million.
The company returned over $85 million to shareholders through share repurchases and dividends in 2024. Total net capital expenditures were $288 million, including $160 million for revenue equipment and $85 million in real estate.
ProPetro Holding Corp. (NYSE: PUMP) has announced its upcoming fourth quarter 2024 earnings release, scheduled for Wednesday, February 19, 2025, before market opening. The company will host a conference call at 8:00 AM Central Time on the same day to discuss the results.
Investors can access the conference call through multiple channels: U.S. callers can dial toll-free at 1-844-340-9046, while international callers can use 1-412-858-5205. The call will also be available via webcast on ProPetro's website. A replay will be accessible for one week following the call, with specific access codes provided for U.S., Canadian, and international callers.
ProPetro Holding Corp. (NYSE: PUMP) has entered into a term contract to provide electric hydraulic fracturing services for a major Permian-focused oil and gas operator. CEO Sam Sledge announced that this contract marks the deployment of their fourth FORCE® electric frac fleet. ProPetro currently has four such fleets on term contracts, which require around 165 megawatts of mobile power generation equipment. The company emphasizes the efficiency and value delivered by these fleets to their customers. The announcement underscores ProPetro's strategy to build a profitable business and highlights the expected growth in mobile power demand for electric-powered hydraulic fracturing fleets. The company’s mobile power generation solutions business, ProPWR℠, is set to capitalize on these trends, benefiting from increased demand in the oil and gas sector and other industries, including AI data centers.
ProPetro (NYSE: PUMP) has announced the launch of ProPWR, a new subsidiary focused on mobile natural gas-fueled power generation. The company has placed an initial order for over 110 megawatts of power generation equipment, representing a $122 million investment. The equipment will serve multiple oilfield and industrial applications across the Permian Basin.
The investment will be funded through a combination of cash (up to $20 million in early 2025) and external financing. Equipment deliveries are scheduled between June 2025 and March 2026. ProPWR aims to support ProPetro's FORCE® electric-powered hydraulic fracturing fleets, which currently utilize approximately 140 megawatts of mobile power generation capacity, and plans to expand into non-oil and gas applications such as industrial projects and data centers.
ProPetro reported Q3 2024 financial results with total revenue of $361 million, up 1% from previous quarter. The company recorded a net loss of $137 million ($1.32 per diluted share), including a $189 million noncash impairment expense related to Tier II diesel-only equipment. Adjusted EBITDA was $71 million, representing 20% of revenue. The company repurchased 1.3 million shares during Q3, with total repurchases of 12.6 million shares since May 2023. Three FORCE® electric-powered hydraulic fracturing fleets are operational, with fourth and fifth deployments planned for year-end 2024 and early 2025.
ProPetro Holding Corp. (NYSE: PUMP) has announced its upcoming third quarter 2024 earnings release and conference call. The company will release its earnings report on Wednesday, October 30, 2024, before the market opens. Following this, ProPetro will host a conference call at 8:00 AM Central Time on the same day to discuss the results.
Interested parties can access the call through various means:
- U.S. callers: Toll-free at 1-844-340-9046
- International callers: 1-412-858-5205
- Webcast: Available on ProPetro's website (www.propetroservices.com)
A replay of the call will be accessible for one week after the event, with the following dial-in numbers:
- U.S. callers: 1-877-344-7529
- Canadian callers: 1-855-669-9658
- International callers: 1-412-317-0088
- Replay access code: 6437367
ProPetro Holding Corp. (NYSE: PUMP) reported second quarter 2024 results. Revenue decreased 12% to $357 million from the previous quarter. The company posted a net loss of $4 million ($0.03 per diluted share) compared to a net income of $20 million in the prior quarter. Adjusted EBITDA fell 29% to $66 million. Net cash from operations was $105 million with Free Cash Flow at $48 million. ProPetro's capital expenditure guidance for 2024 has been reduced to $175-$200 million.
ProPetro continues to transition to FORCESM electric fleets, now operating four with a fifth on order. The company acquired Aqua Prop and repurchased 2.5 million shares, retiring a total of 11.3 million shares since May 2023. Challenges included pricing pressures and customer delays. Despite this, ProPetro remains confident in its long-term strategy and strong free cash flow generation.
