Increase in Total Revenue
ProPetro generated total revenue of $359 million in Q1 2025, which is an increase of 12% compared to the prior quarter.
Positive Net Income
The company reported a net income of $10 million or $0.09 per diluted share, compared to a net loss of $17 million or $0.17 per diluted share in Q4 2024.
Strong Adjusted EBITDA
Adjusted EBITDA totaled $73 million, which was 20% of revenue and an increase of 38% compared to the prior quarter.
Significant Free Cash Flow Generation
ProPetro generated free cash flow of $22 million, supported by strong operational performance and lower capital expenditures.
Expansion of Pro Power Offering
The company secured letters of intent for approximately 75 megawatts of long-term Pro Power service capacity with two separate operators, with full delivery expected by midyear 2026.
Successful Cost Optimization Efforts
A 9% reduction in full-year 2025 CapEx guidance was announced, attributed to successful cost optimization efforts and disciplined asset management.