ProPetro Q2 earnings and revenues miss estimates, expenses down
The post ProPetro Q2 earnings and revenues miss estimates, expenses down appeared on BitcoinEthereumNews.com. ProPetro Holding Corp. reported a second-quarter 2025 adjusted loss per share of 7 cents in contrast to the Zacks Consensus Estimate of a profit of 3 cents. This underperformance could be primarily attributed to weak pricing and reduced activity in the reported quarter. The bottom line was also wider than the prior-year quarter’s reported loss of 3 cents. Revenues of $326.2 million marginally missed the consensus mark of $327 million. This underperformance is attributed to lower-than-expected service revenues in the Cementing segment, which totaled $32.4 million, down 3% from the consensus estimate. Moreover, the top line decreased 8.6% from the year-ago quarter’s level of $357 million. This was due to a year-over-year decline in service revenues from Hydraulic Fracturing, Wireline and All Other. Adjusted EBITDA amounted to $49.6 million, down 31.8% from $72.7 million reported in the previous quarter. The figure also missed our model estimate of $61.1 million. During the quarter, the company signed its first 10-year agreement to deliver around 80 megawatts of long-term PROPWR service to a major oil and gas operator in the Permian Basin. More than half of ProPetro’s operating hydraulic horsepower is now covered by long-term contracts, which include two Tier IV DGB dual-fuel fleets and four FORCE electric-powered fracturing fleets. Since launching its $200 million share repurchase program in May 2023, the company has repurchased 13 million shares, representing 11% of its outstanding stock. In May 2025, the program was extended through December 2026. No shares were repurchased this quarter, as the company directed its efforts toward expanding the PROPWR business. ProPetro Holding Corp. price, consensus and EPS surprise ProPetro Holding Corp. price-consensus-eps-surprise-chart | ProPetro Holding Corp. Quote PUMP’s pressure pumping segment ProPetro provides hydraulic fracturing, cementing and acidizing functions through its Pressure Pumping segment. The business contributed 100% to PUMP’s total revenues in the quarter under review.…
The post ProPetro Q2 earnings and revenues miss estimates, expenses down appeared on BitcoinEthereumNews.com.
ProPetro Holding Corp. reported a second-quarter 2025 adjusted loss per share of 7 cents in contrast to the Zacks Consensus Estimate of a profit of 3 cents. This underperformance could be primarily attributed to weak pricing and reduced activity in the reported quarter. The bottom line was also wider than the prior-year quarter’s reported loss of 3 cents. Revenues of $326.2 million marginally missed the consensus mark of $327 million. This underperformance is attributed to lower-than-expected service revenues in the Cementing segment, which totaled $32.4 million, down 3% from the consensus estimate. Moreover, the top line decreased 8.6% from the year-ago quarter’s level of $357 million. This was due to a year-over-year decline in service revenues from Hydraulic Fracturing, Wireline and All Other. Adjusted EBITDA amounted to $49.6 million, down 31.8% from $72.7 million reported in the previous quarter. The figure also missed our model estimate of $61.1 million. During the quarter, the company signed its first 10-year agreement to deliver around 80 megawatts of long-term PROPWR service to a major oil and gas operator in the Permian Basin. More than half of ProPetro’s operating hydraulic horsepower is now covered by long-term contracts, which include two Tier IV DGB dual-fuel fleets and four FORCE electric-powered fracturing fleets. Since launching its $200 million share repurchase program in May 2023, the company has repurchased 13 million shares, representing 11% of its outstanding stock. In May 2025, the program was extended through December 2026. No shares were repurchased this quarter, as the company directed its efforts toward expanding the PROPWR business. ProPetro Holding Corp. price, consensus and EPS surprise ProPetro Holding Corp. price-consensus-eps-surprise-chart | ProPetro Holding Corp. Quote PUMP’s pressure pumping segment ProPetro provides hydraulic fracturing, cementing and acidizing functions through its Pressure Pumping segment. The business contributed 100% to PUMP’s total revenues in the quarter under review.…
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