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Propetro Holding (PUMP)
NYSE:PUMP
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
0.18Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
ProPetro's earnings call highlighted significant strategic initiatives, including the launch of Pro Power and the high demand for next-generation equipment, contributing to optimistic growth prospects. However, these positives were tempered by revenue decline, a fourth quarter net loss, and safety concerns, resulting in a balanced overall sentiment.Company Guidance
In the recent ProPetro Holding Corp. earnings call for the fourth quarter and full fiscal year 2024, the company provided several key metrics and strategic insights. Despite an 11% decline in revenue from 2023, ProPetro increased its free cash flow over nine times to $118 million, attributed to a 57% reduction in capital expenditures and operational efficiencies. Approximately 75% of ProPetro's fleet now consists of next-generation gas-burning equipment, with plans to deploy a fifth electric fleet in 2025. The company also announced the launch of Pro Power, with an initial order of 140 megawatts of natural gas power generation equipment. ProPetro anticipates full-year 2025 capital expenditures to range between $300 million and $400 million, split evenly between completions businesses and growth capital for Pro Power. As of December 31, 2024, ProPetro's liquidity was strong, with $161 million, including $50 million in cash and available credit. The company remains focused on prudent capital allocation, including share repurchases and a commitment to maintaining a disciplined approach to growth and operational excellence.Pro Power Launch and Growth
ProPetro announced the launch of a new business line, Pro Power, with an initial order of 140 megawatts of natural gas power generation equipment. The company plans to expand this capacity further, focusing on both oilfield and potential industrial applications, including data centers.
High Utilization of Next-Generation Equipment
Approximately 75% of ProPetro's fleet consists of next-generation gas-burning equipment, which remains highly utilized and in strong demand. The company plans to deploy a fifth electric fleet in 2025.
Strong Free Cash Flow and Capital Discipline
Despite an 11% revenue decrease from 2023, ProPetro reduced capital expenditures by 57% and increased free cash flow over nine times to $118 million. The company also returned $111 million of capital to shareholders through its share repurchase program.
Cementing Business Strength
The cementing business, particularly in the Permian Basin, is highlighted as a bright spot with significant potential for growth and contributions to the company's financial strength.
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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 |
|---|---|---|---|
| Feb 19, 2025 | $9.03 | $8.82 | -2.33% |
| 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% |
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 May 06, 2025, TBA Not Confirmed.
What is Propetro Holding (PUMP) earnings time?
Propetro Holding (PUMP) earnings time is at May 06, 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 2025 (Q1) is 0.06.
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