ProPetro Q2 revenue drops 9%, misses expectations

ProPetro Holding

30/07/2025 12:12

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

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)