ProPetro Holding Corp. reported its third‑quarter 2025 results, showing revenue of $294 million, a 10 percent decline from the second quarter, and a net loss of $2 million, or $0.02 per diluted share. Year‑over‑year, revenue fell from $361 million in Q3 2024, while the net loss improved dramatically from $137 million to $2 million.
Adjusted EBITDA dropped to $35 million from $50 million in Q2, reflecting higher service costs driven by inflation and supply‑chain pressures, and a reduction in drilling activity in the Permian Basin. The completions business continued to generate free cash flow, but overall earnings were pressured by these cost increases.
The company updated its 2025 capital‑expenditure outlook to $270 million–$290 million, allocating $80 million–$100 million to completions and $190 million to its PROPWR power‑generation segment. The share‑repurchase program of $200 million was extended through December 2026, with no repurchases in Q3 as the firm prioritized scaling PROPWR.
ProPetro highlighted progress in its PROPWR business, including a 60‑megawatt contract with a hyperscaler data‑center operator, a total of 150 megawatts contracted, and 220 megawatts on order. The company secured a $350 million lease‑financing facility to support accelerated delivery of PROPWR equipment, targeting delivery of all units by early 2027 and aiming for 750 megawatts by year‑end 2028.
Liquidity remains strong, with $67 million in cash and $91 million of available capacity under its ABL credit facility, totaling $158 million. Management emphasized the strategic shift toward lower‑emission, contract‑based revenue streams and the electrification strategy through its FORCE electric fracturing fleets and PROPWR business.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.