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Propetro Holding (PUMP)
:PUMP
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.16Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 44.56%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted ProPetro's strong free cash flow, successful deployment and reception of electric fleets, and effective capital expenditure reduction. However, the company faced significant non-cash impairment expenses and operational challenges due to weather and softness in specific business segments. Despite these challenges, ProPetro maintained strong liquidity and continued its commitment to shareholder returns through a robust share repurchase program.Company Guidance
During the ProPetro Holding Corp. third-quarter 2024 earnings call, the company provided guidance highlighting strong financial performance despite industry challenges. ProPetro reported a revenue increase of 1% to $361 million and adjusted EBITDA growth of 8% sequentially to $71 million. They emphasized their strategic investments in next-generation technologies, with 7 Tier IV DGB dual-fuel fleets and the ongoing rollout of FORCE electric frac fleets, which have been well-received by customers. The company aims to deploy its fourth and fifth FORCE fleets by early 2025. ProPetro also announced a significant reduction in capital expenditures, revising its full-year guidance to $150-$175 million, down from $175-$200 million. Their focus on capital discipline is evident in their share repurchase program, which has retired 12.6 million shares, representing 11% of outstanding shares, with $93 million remaining under the current authorization. Despite macroeconomic headwinds, ProPetro maintains a strong liquidity position with $127 million, including cash and available credit, and continues to prioritize cash flow generation, transitioning its fleet towards electrification while exploring value-accretive M&A opportunities.Strong Free Cash Flow and Market Share Gains
Despite a challenging market environment, ProPetro delivered strong free cash flow and gained market share through strategic actions and disciplined execution.
Successful Deployment of Electric Fleets
ProPetro's FORCE electric frac fleets have received positive reviews, with two committed fleets under a three-year contract with ExxonMobil, and plans to deploy a fourth fleet by year-end and a fifth in early 2025.
Capital Expenditure Reduction
ProPetro reduced its full-year capital expenditure guidance for the second time, with a new range of $150 million to $175 million, down from $175 million to $200 million.
Share Repurchase Program
The company has repurchased 12.6 million shares since the program's inception, representing approximately 11% of shares outstanding, with $93 million remaining under the current authorization.
Improved Cash Generation and Liquidity
Total liquidity at the end of the third quarter was $127 million, with cash of $47 million and $80 million of available capacity under the ABL credit facility.
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PUMP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PUMP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $7.54 | $7.21 | -4.38% |
| Jul 31, 2024 | $8.91 | $9.59 | +7.63% |
| May 01, 2024 | $8.72 | $8.93 | +2.41% |
| Feb 21, 2024 | $8.21 | $7.85 | -4.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Propetro Holding (PUMP) report earnings?
Propetro Holding (PUMP) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Propetro Holding (PUMP) earnings time?
Propetro Holding (PUMP) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PUMP EPS forecast?
PUMP EPS forecast for the fiscal quarter 2024 (Q4) is <0.01.
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