ProPetro rises after upbeat Q1 results
ReutersApr 29, 2025 2:03 PM
Shares of oilfield services provider ProPetro Holding PUMP.N rise 7.6% to $5.67
Co beats Q1 revenue estimates, helped by strong utilization and resilient pricing across all service lines
Posts Q1 revenue of $359.4 million vs estimates of $342.6 million - LSEG data
PUMP posts adjusted EBITDA of $72.7 million, beating estimates of $61.8 million
Reports Q1 EPS of 9 cents per share vs estimates of 6 cents per share
Co expects to operate 13 to 14 active hydraulic fracturing fleets in the second quarter of 2025
"PUMP's decision to potentially sideline some fleets in 2Q highlights its emphasis on protecting assets rather than conceding on price to boost utilization" says Stifel analyst Stephen Gengaro
Including session's move, PUMP shares down 42.5% YTD
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