ProPetro Q3 revenue beats estimates

ProPetro Holding

29/10/2025 11:19

Overview

ProPetro Q3 revenue of $294 mln beats analyst expectations despite a 10% quarterly decline

Adjusted EBITDA for Q3 misses analyst expectations, reflecting lower revenues and fleet transition costs

Company secures long-term contracts for PROPWR, expanding power capacity to over 150 megawatts

Outlook

ProPetro expects full-year 2025 capital expenditures to be $270 mln to $290 mln

Company projects PROPWR capital expenditures of $200 mln to $250 mln in 2026

ProPetro targets 750 megawatts of PROPWR capacity by year-end 2028

Result Drivers

LOWER UTILIZATION - Revenue decline attributed to lower utilization in hydraulic fracturing business

PROPWR EXPANSION - Secured long-term contracts for PROPWR, expanding power capacity to over 150 megawatts

CAPITAL MANAGEMENT - Actively managing capital expenditures and financing to support PROPWR growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$294 mln
$273.67 mln (6 Analysts)
Q3 Net Income
-$2.36 mln
Q3 Adjusted EBITDA
Miss
$35 mln
$38.88 mln (8 Analysts)
Q3 Capex
$44 mln
Q3 EBIT
-$6.06 mln
Q3 Pretax Profit
-$3.06 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "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 $6.50, about 12.3% below its October 28 closing price of $7.30

Press Release: ID:nBw8MZlJLa

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(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.)