ProPetro Q2 revenue drops 9%, misses expectations
Overview
ProPetro Q2 2025 revenue falls 9% and misses analyst expectations
Company reports net loss of $7 mln, contrasting prior qtr profit
Adjusted EBITDA for Q2 misses estimates, reflecting fleet transition costs
Outlook
ProPetro anticipates full-year 2025 capital expenditures between $270 mln and $310 mln
Company expects completions business capex to be $100 mln to $140 mln
ProPetro plans to operate 10 to 11 active frac fleets in Q3 2025
Result Drivers
LOWER UTILIZATION - Revenue decline attributed to lower utilization and weather impacts across service lines
IDLE FLEETS - ProPetro chose to idle certain fleets to avoid sub-economic operations, impacting revenue
MARKET UNCERTAINTY - Increased market uncertainty and idle frac capacity affected company performance
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $326 mln | $330.70 mln (5 Analysts) |
Q2 EPS |
| -$0.07 |
|
Q2 Net Income |
| -$7.16 mln |
|
Q2 Adjusted EBITDA | Miss | $50 mln | $60.10 mln (7 Analysts) |
Q2 Capex |
| $37 mln |
|
Q2 EBIT |
| -$3.17 mln |
|
Q2 Pretax Profit |
| -$4.78 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil related services and equipment peer group is "buy"
Wall Street's median 12-month price target for ProPetro Holding Corp is $8.00, about 20.8% above its July 29 closing price of $6.34
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 22 three months ago
Press Release: ID:nBw2LnBCHa
