ProPetro rises after upbeat Q1 results

ProPetro Holding

29/04/2025 15:03

Updates

** 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

(Reporting by Vallari Srivastava and Sumit Saha in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com;))