ProPetro Holding Corp. Stock News

ProPetro Holding Corp. reported strong Q3 2024 results in a difficult market. The company continues to transition to cleaner, higher-margin pressure pumping fleets. Activity in the near term is expected to hold firm, with 2025 seeing additional efleets added to the portfolio.

ProPetro Holding Corp (NYSE:PUMP ) Q3 2024 Results Conference Call October 30, 2024 9:00 AM ET Company Participants Matt Augustine - Director of Corporate Development and IR Sam Sledge - Chief Executive Officer David Schorlemer - Chief Financial Officer Conference Call Participants Eddie Kim - Barclays Waqar Syed - ATB Capital Markets John Daniel - Daniel Energy Partners Scott Gruber - Citigrou...

MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Reports Financial Results for the Third Quarter of 2024.

MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Announces Third Quarter 2024 Earnings Call.

ProPetro is a small-cap, Permian-focused pressure-pumping company with a strong balance sheet, generating free cash flow and repurchasing shares in 2024. The company is transitioning to dual fuel and electric frac fleets, enhancing efficiency and reducing costs, with 70% of fleets under 2.5 years old. Despite positive performance and solid margins, ProPetro shares are down 21% since the 2Q24 re...

ProPetro Holding Corp. (PUMP) Q2 2024 Earnings Call Transcript

The U.S. pressure pumping market is down overall, but the demand for modern equipment isn't as affected. ProPetro is one of the service suppliers that has already upgraded most of its fleets and now benefits from higher utilization and margins with less capex. If natural gas drilling comes back, the market may put an even bigger premium on ProPetro's modern equipment.

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