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Mar 31, 2025
ProPetro Q1 2025 Earnings Report
reported financial results for the first quarter of 2025
Key Takeaways
ProPetro reported a strong first quarter for 2025 with significant increases in revenue and a return to profitability. The company saw increased utilization and resilient pricing across its service lines, improved Adjusted EBITDA, and generated positive free cash flow. They also expanded their PROPWR power generation equipment orders and secured new long-term service capacity agreements.
Total revenue reached $359 million, a 12% increase from the prior quarter.
Net income was $10 million ($0.09 per diluted share), a significant improvement from a net loss in the previous quarter.
Adjusted EBITDA increased by 38% to $73 million, representing 20% of revenue.
The company generated $22 million in Free Cash Flow and ended the quarter with $63 million in cash and cash equivalents.
Revenue by Segment
Forward Guidance
ProPetro expects full-year 2025 capital expenditures to be between $295 million and $345 million, a reduction from prior guidance. This includes investments in the completions business and the PROPWR power generation business. Due to recent oil price declines and a disciplined asset deployment strategy, the company anticipates operating a slightly reduced number of active hydraulic fracturing fleets in the second quarter of 2025.
Positive Outlook
- Reduced full-year 2025 capital expenditures guidance by 9% at the midpoint.
- Completions business capital expenditures guidance reduced due to cost optimization efforts.
- Continued investment in high-growth PROPWR business.
- Strong balance sheet and disciplined capital expenditures strategy.
- Differentiated service offerings position the company well.
Challenges Ahead
- Recent decline in oil prices.
- Influence of tariffs and OPEC+ production increases on oil prices.
- Anticipates operating fewer active hydraulic fracturing fleets in Q2 2025 (13-14 vs 14-15 in Q1).
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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