ProPetro Holding sees FY25 CapEx $300M – $400M

The Company anticipates full-year 2025 capital expenditures to be between $300 million and $400 million. Of this, the completions business is expected to account for $150 million to $200 million, while an additional $150 million to $200 million will be allocated for growth capital expenditures in our PROPWR business. The Company expects to finance a significant portion of the PROPWR capital expenditures. During the fourth quarter of 2024, 14 hydraulic fracturing fleets were active but experienced white space due to holiday and seasonality impacts. The Company expects to run between 14 and 15 frac fleets in the first quarter of 2025. Mr. Sledge concluded, “Looking ahead, we are excited about the opportunities in front of us and enter 2025 with great momentum, a strong foundation, and a clear vision for the future. Our fleet modernization efforts will continue to drive efficiencies for our customers while enhancing our competitive positioning. At the same time, the introduction of PROPWR represents an exciting avenue for growth, positioning ProPetro to capitalize on the supply demand imbalance for natural gas power generation solutions across a number of verticals in the energy industry and beyond. With a strong balance sheet, disciplined capital allocation program, and unwavering focus on operational excellence, we believe 2025 will be another positive year for ProPetro.”