NYSE$PUMP

ProPetro Holding Corp · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

ProPetro experienced a decrease in revenue due to decreased hydraulic fracturing utilization, but maintained a healthy balance sheet and reduced capital expenditures.

ProPetro reported a decrease in revenue to $321 million compared to the previous quarter, primarily due to decreased hydraulic fracturing utilization. The company experienced a net loss of $17 million, which included a noncash impairment expense. However, ProPetro reduced its capital expenditures and continued to optimize its fleet with next-generation equipment.

  • Revenue was $321 million, down from $361 million in the prior quarter.
  • Net loss was $17 million, or $0.17 per diluted share.
  • Adjusted net loss was $596 thousand, excluding noncash impairment expenses.
  • Adjusted EBITDA was $53 million, compared to $71 million in the prior quarter.

Headline financials

Total Revenue

$321M

Previous: $348M-7.8%
EPS (adj)

-$0.01

Previous: -$0.16+93.8%
Capital Expenditures

-$27.8M

Previous: -$50.1M+44.4%
Net Income

-$17.1M

Previous: -$17.1M+0.3%
Operating Income

-$18.4M

Previous: -$8.28M-122.7%
Gross Profit

$29.4M

Previous: $24.6M+19.5%

Revenue & EPS history

ProPetro · Revenue · Quarterly

$321M

Q4 2024-7.8%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

The Company anticipates full-year 2025 capital expenditures to be between $300 million and $400 million and expects to run between 14 and 15 frac fleets in the first quarter of 2025.

Tailwinds

  • Fleet modernization will drive efficiencies and enhance competitive positioning.
  • PROPWR represents an avenue for growth, capitalizing on the supply demand imbalance for natural gas power generation solutions.
  • Strong balance sheet.
  • Disciplined capital allocation program.
  • Unwavering focus on operational excellence.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.2%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+4.9%

Avg return

30 days after

50%

20 / 40 earnings

Positive

+51.6%

Q3 2025

Best reaction

-24.9%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.2%-8.7%-16.5%
Q4 2025-6.9%-9.2%+21.5%
Q3 2025+51.6%+50.0%+31.1%
Q1 2025+6.3%+4.6%+5.3%
Q4 2024-2.3%-1.0%-20.0%
Q3 2024-8.4%-6.6%+11.4%
Q2 2024+3.4%-9.4%-10.9%
Q1 2024+5.0%+10.1%+9.9%
Q4 2023-9.7%-9.9%-6.5%
Q3 2023-3.4%-6.3%-13.1%
Q2 2023-7.7%-5.9%-5.1%
Q1 2023-1.5%-0.7%+11.6%
Q4 2022-4.4%-6.9%-27.1%
Q3 2022-8.4%-2.4%-9.4%
Q2 2022-15.4%-16.4%-15.0%
Q1 2022-2.1%-5.1%-6.2%
Q4 2021-11.5%-2.1%+14.4%
Q3 2021-0.7%-0.7%-13.7%
Q2 2021-9.1%-3.3%+3.4%
Q1 2021-5.1%+2.4%+5.3%
Q4 2020+11.2%+11.8%+6.2%
Q3 2020+4.3%-4.1%+58.5%
Q2 2020+11.9%+6.9%+8.1%
Q4 2019+3.2%+44.0%+96.3%
Q3 2019+0.7%+4.0%+30.0%
Q2 2019-24.9%-28.2%-40.1%
Q1 2019-6.4%-5.4%-18.5%
Q4 2018+2.7%+11.5%+21.8%
Q3 2018+5.1%+4.7%-18.0%
Q2 2018+3.6%+6.3%-9.9%
Q1 2018+8.3%+6.3%-14.9%
Q4 2015-8.4%-6.3%+9.7%
Q4 2017-5.2%-4.2%+10.6%
Q3 2016+0.7%+5.1%+21.7%
Q3 2017+2.8%+6.5%+25.7%
Q2 2016-5.3%-5.0%-4.9%
Q2 2017+1.6%-5.8%-3.6%
Q4 2016+5.0%+1.0%+13.8%
Q1 2016+5.0%+1.0%+13.8%
Q1 2017+3.7%+8.9%+18.0%

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