ProPetro experienced a challenging second quarter in 2025, with total revenue decreasing by 9% to $326 million and a net loss of $7 million, or $0.07 per diluted share, compared to a net income in the previous quarter. Despite the downturn, the company maintained operational and financial stability, supported by its capital-light investment strategy and cost control, and secured a significant 10-year contract for its PROPWR service capacity.
Total revenue for Q2 2025 was $326 million, a 9% decrease from the prior quarter's $359 million.
The company reported a net loss of $7 million ($0.07 loss per diluted share) in Q2 2025, a decline from a net income of $10 million ($0.09 income per diluted share) in the previous quarter.
Adjusted EBITDA decreased by 32% to $50 million, representing 15% of revenue, compared to $73 million in the prior quarter.
ProPetro secured an inaugural 10-year contract for approximately 80 megawatts of long-term PROPWR℠ service capacity with a leading E&P operator in the Permian Basin.
ProPetro anticipates full-year 2025 capital expenditures incurred to be between $270 million and $310 million, a reduction from prior guidance, with a focus on allocating funds to both the completions business and PROPWR equipment orders. The company expects to operate fewer hydraulic fracturing fleets in Q3 2025 due to market conditions.
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