ProPetro Holding Corp. reported second quarter 2025 revenue of $326 million, a 9% decrease from $359 million in the first quarter of 2025. The company posted a net loss of $7 million, or $0.07 loss per diluted share, compared to a net income of $10 million in the prior quarter. Adjusted EBITDA decreased to $50 million from $73 million in the first quarter, attributed to lower utilization and weather impacts.
Net cash provided by operating activities was $54 million, consistent with $55 million in the prior quarter. Capital expenditures incurred were $73 million, including $30 million for the completions business and $43 million for PROPWR orders. The company's total liquidity stood at $178 million, including $75 million in cash and $103 million of available capacity under its ABL Credit Facility.
ProPetro extended its $200 million share repurchase program to December 2026 in May 2025. The company anticipates operating an average of 10 to 11 active hydraulic fracturing fleets in the third quarter of 2025, a reduction from prior periods. Full-year 2025 capital expenditure guidance was further reduced to $270 million to $310 million, down another 9% at the midpoint from prior guidance.
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