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Dec 31, 2024
ProPetro Q4 2024 Earnings Report
ProPetro experienced a decrease in revenue due to decreased hydraulic fracturing utilization, but maintained a healthy balance sheet and reduced capital expenditures.
Key Takeaways
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.
Revenue by Segment
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.
Positive Outlook
- 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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