What is ProPetro Holding's latest dividend and current dividend yield?

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What were the key takeaways from ProPetro Holding’s earnings call?

What is the revenue and EPS growth rate for ProPetro Holding year over year?

What factors drove the changes in ProPetro Holding's revenue and profit?

What is the market's earnings forecast for ProPetro Holding next quarter?

What were the key takeaways from ProPetro Holding's earnings call?

What guidance did ProPetro Holding's management provide for the next earnings period?

- **Resilient Performance**: Generated $98M free cash flow in completions despite 70% frac fleet reduction to 70 active units. 
- **PROPWR Growth**: 550MW on order at $1.1M/MW, targeting 1GW by 2030. Secured first 60MW data center contract. 
- **Capital Allocation**: 2026 CapEx split 33% completions (Tier IV refurbishment, automation), 67% PROPWR. 
- **Frac Fleet Transition**: 2-3 Tier 2 diesel fleets remain, transitioning to 5 new direct drive gas units. 
- **Market Dynamics**: 2026 likely to see continued weakness, but 2027+ could see structural tightness due to attrition.

**【CEO Summary Section】**
- ProPetro navigated a challenging 2025 with Permian frac fleets declining to ~70 (from 90-100), driven by OPEC+ supply growth and tariff impacts. Despite headwinds, the company generated strong free cash flow ($98M in completions) and invested in PROPWR, reaching 240MW committed capacity. 
- PROPWR secured 550MW on order (70% natural gas gensets, 30% turbines) at $1.1M/MW, targeting 750MW by 2028 and 1GW+ by 2030. First data center contract (60MW) highlights diversification beyond oilfield power. 
- Completions business maintained resilience with 11 active fleets Q1/26, despite winter weather disruptions. Capital allocation focused on high-return projects like FORCE electric fleet lease buyouts ($40-50M/yr starting 2026). 

**【CFO Financial Commentary】**
- Q4/25: Revenue $290M (-1% vs. Q3), Net Income $1M, Adjusted EBITDA $51M (18% margin). Free cash flow: $98M (completions) + $28M (working capital). 
- 2026 CapEx: $390-435M total ($140-160M completions, $250-275M PROPWR). PROPWR equipment cost $1.1M/MW, with financing partners covering ~50% near-term cash outflow. 
- Liquidity: $236M cash + $89M ABL availability post-$163M equity raise. 

**【Q&A Key Highlights】**
- **PROPWR Mix**: 70% oilfield, 30% non-oilfield (data center/industrial) today, targeting higher non-oilfield share. 60MW data center contract signed, more expected in 2026. 
- **Frac Fleet Evolution**: 2-3 active Tier 2 diesel fleets, transitioning to direct drive gas units (~5 new units in 2026). FORCE electric fleet lease buyouts to begin late 2026. 
- **Power Equipment Costs**: $1.1M/MW for current gensets, potential higher costs for larger-scale industrial projects. 
- **Attrition Outlook**: Structural market tightness likely post-2026 as smaller players exit. ProPetro's refreshed fleet (FORCE, direct drive, automation) positions for recovery. 


ProPetro Holding Corp. (PUMP) Q4 2025 Earnings Call Transcript

- **Resilient Cash Flow**: Legacy completions business generated $25M free cash flow in Q3 despite 10% revenue decline.
- **PROPWR Growth**: Secured 220 MW of contracts by year-end, with 360 MW on order and $350M leasing facility to accelerate deployment.
- **Data Center Expansion**: Entered the hyperscale data center market with a 60 MW contract, leveraging next-gen power solutions.
- **Disciplined Capital Allocation**: $98M Q3 CapEx focused on PROPWR growth, with 2025 full-year guidance of $270-290M.
- **Market Leadership**: 70% of active horsepower under long-term contracts, with 75% of fleet as next-gen gas-burning equipment.

**【CEO Summary Section】**
- ProPetro achieved $294 million in Q3 revenue, down 10% QoQ due to lower completions activity, but maintained free cash flow of $25 million in the legacy completions business.
- 70% of active hydraulic horsepower is under long-term contracts, with 75% of the fleet consisting of next-gen gas-burning equipment.
- PROPWR secured 60 MW for a data center and 80 MW for an oilfield microgrid, with total contracted capacity expected to reach 220 MW by year-end.
- Ordered 140 MW of additional equipment, bringing total on-order capacity to 360 MW, with plans to reach 770 MW by 2028.
- Signed a $350 million leasing facility to support PROPWR growth, with equipment cost averaging $1.1 million/MW.

**【CFO Financial Commentary】**
- Q3 net loss was $2 million ($0.02 per share), narrower than the $7 million loss in Q2.
- Adjusted EBITDA was $35 million (12% of revenue), down 29% QoQ due to lower activity.
- Total capital expenditures were $98 million (including $79 million for PROPWR), with full-year CapEx guidance revised to $270-290 million.
- Liquidity remained strong at $158 million as of Q3, with $67 million in cash and $91 million available under the ABL.

**【Q&A Key Highlights】**
- **Data Center Contract**: 60 MW deployment with reciprocating engines and batteries, part of a long-term agreement with a hyperscaler.
- **Funding Strategy**: Prioritize organic free cash flow ($25M in Q3) and the $350M leasing facility for PROPWR growth, with minimal near-term cash outflows.
- **Equipment Costs**: Average $1.1M/MW including balance of plant, competitive with industry peers.
- **Market Positioning**: 70 full-time frac fleets in Permian vs. 90-100 at year start, with ProPetro idling 3 fleets to preserve equipment for better pricing.
- **2026 Outlook**: Expect 10-11 active fleets in Q4, with sequential improvement in PROPWR offsetting completions weakness.

ProPetro Holding Corp. (PUMP) Q3 2025 Earnings Call Transcript

- **Revenue decline reflects market challenges**: Q2 revenue down 9% QoQ to $326M, driven by lower activity and idling of subeconomic fleets.
- **Next-gen fleet resilience**: 75% of fleets are Tier IV DGB or FORCE electric, with 50%+ active horsepower under long-term contracts.
- **PROPWR milestone**: 10-year contract for 80MW power supply marks first commercial deployment, with 220MW total capacity on order.
- **Cautious outlook**: Q3 fleet count expected to drop to 10-11, with potential further decline in Q4 due to macro uncertainty.
- **Liquidity remains strong**: $178M total liquidity supports disciplined capital allocation to PROPWR growth.

**【Management Opening Remarks】**
- Matt Augustine introduced the leadership team, including new CFO Caleb Weatherl, who will not participate in Q&A due to recent tenure. 
- Reminder of forward-looking statements and non-GAAP financial measures.

**【CEO Summary Section】**
- Q2 revenue of $326M (-9% QoQ) reflects market challenges, but legacy completions business remains resilient with 50%+ active horsepower under long-term contracts.
- Permian frac fleet count reduced to ~70 from ~90-100 at start of year; ProPetro idled subeconomic fleets while maintaining 75% next-gen fleet utilization (Tier IV DGB & FORCE electric).
- PROPWR secured 10-year contract for 80MW power supply, with 220MW total capacity on order. Management expects all 220MW contracted by year-end.
- 2025 CapEx guidance updated to $270-310M (down from $295-345M), with $170M allocated to PROPWR.
- Q3 fleet guidance: 10-11 active fleets, with potential seasonal decline in Q4.

**【CFO Financial Commentary】**
- Net loss of $7M (-100% YoY) due to strategic fleet idling and lease expenses ($14M for electric fleets).
- Adjusted EBITDA of $50M (-32% QoQ) reflects lower activity, but Completions free cash flow remains stable at $26M.
- Total liquidity of $178M (including $103M ABL capacity) supports disciplined capital allocation.
- Share buyback program paused to prioritize PROPWR growth; 13M shares repurchased since May 2023 (~11% of outstanding shares).

**【Q&A Key Highlights】**
- **Market Supply Dynamics**: Subscale diesel fleets driving price discipline; ProPetro expects 20-30 idle fleets to persist into 2026. Management sees attrition as long-term tailwind for higher-margin next-gen equipment.
- **PROPWR Expansion**: 80MW contract deployment begins Q3 2025, with linear asset rollout through mid-2026. Exploring non-oil/gas opportunities but prioritizing midstream production demand.
- **4Q Outlook**: Seasonal decline expected, but simul-frac utilization on electric fleets remains stable. Management cautious on E&P capital allocation amid macro uncertainty.
- **International Equipment Demand**: ProPetro fielding inquiries for diesel equipment exports, but no material impact on domestic supply/demand expected.


ProPetro Holding Corp. (PUMP) Q2 2025 Earnings Call Transcript

- **Resilient Q1 Performance**: 12% revenue growth, $73M EBITDA, and $22M free cash flow despite oil price volatility
- **Next-Gen Fleet Dominance**: 75% of fleet now electric/dual-fuel, with 50% under long-term contracts
- **PROPWR Breakthrough**: 220MW of power generation equipment on order, 75MW secured under LOIs with 10-year contracts
- **Disciplined Capital Allocation**: Q2 fleet reduction to 13-14 (from 14-15) reflects focus on high-margin, contracted work
- **Shareholder Returns**: 13M shares retired since 2023, program extended for another year

**【CEO Opening Remarks】**
- Q1 2025 revenue increased 12% QoQ, driven by higher utilization across all segments and stabilization of pricing.
- 75% of fleet now consists of Tier IV DGB dual-fuel and electric equipment, with 50% of active hydraulic horsepower under long-term contracts.
- PROPWR orders total 220 MW (140 MW initially ordered, +80 MW recently added), with 75 MW secured under LOIs for long-term service contracts.
- Q2 2025 fleet count expected to decrease to 13-14 from 14-15 in Q1, reflecting cautious capital allocation in response to oil price volatility.

**【CFO Financial Highlights】**
- Total revenue: $359M (12% QoQ growth)
- Net income: $10M ($0.09 EPS) vs. $17M loss in Q4 2024
- Adjusted EBITDA: $73M (20% of revenue, +38% QoQ)
- Free cash flow: $22M
- Capital expenditures: $39M (down 9% YoY midpoint guidance)
- Share repurchases: 13M shares retired (11% of outstanding shares) since May 2023

**【Q&A Key Takeaways】**
1. **PROPWR Expansion**: 
   - Focus remains on Permian oil & gas operations, but exploring opportunities outside the basin
   - 10-year contracts with attractive cash-on-cash paybacks (~4-year return)
   - Equipment mix: 50% turbines, 50% reciprocating engines

2. **Frac Business Strategy**: 
   - 50% of fleet under long-term contracts, minimizing exposure to spot market volatility
   - Electric fleets generate 2x EBITDA of legacy diesel equipment
   - Q2 2025 fleet reduction driven by pricing discipline, not customer attrition

3. **Capital Allocation**: 
   - Top priority: PROPWR and electric fleet investments (>$170M in 2025)
   - Balanced approach with M&A, wireline/cementing growth, and share buybacks
   - 2025 CapEx guidance: $295-345M (down 9% YoY)


ProPetro Holding (PUMP)-29 Apr 25-2025 Q1 Earnings call transcript

- **Next-Gen Fleet Expansion**: 4 electric fleets operational, with a fifth deployed in 2025 under long-term contracts. 
- **PROPWR Breakthrough**: 140 MW of power equipment ordered, targeting $300-400K/MW annual EBITDA by 2026. 
- **Free Cash Flow Machine**: FY 2024 free cash flow up 9x to $118M, driven by reduced capex (-57%) and operational excellence. 
- **Capital Allocation Clarity**: 2025 capex split between completions ($150-200M) and PROPWR ($150-200M), with $104M financing secured. 
- **Market Resilience**: Flat frac activity in 2025, but differentiation through high-efficiency assets and long-term contracts positions ProPetro for share gains.

**【CEO Summary Section】**
- ProPetro achieved strong performance in Q4 2024, closing the year with a focus on next-generation services and disciplined capital allocation. 
- The FORCE electric fleet expanded to four active units under long-term contracts, with a fifth fleet expected in 2025. 
- The new PROPWR power generation business secured 140 MW of equipment orders, targeting oilfield and industrial applications. 
- Free cash flow generation remained robust, driven by a capital-light model and operational efficiency. 
- Capital allocation priorities include scaling PROPWR, transitioning to next-gen fleets, and returning capital to shareholders through share buybacks. 

**【CFO Financial Commentary】**
- FY 2024 revenue declined 11% YoY, but free cash flow improved 9x to $118 million due to reduced capital expenditures (-57%) and operational optimization. 
- Q4 2024 net loss was $17 million (including a $24M goodwill impairment), with adjusted EBITDA of $53 million. 
- Capital expenditures for 2025 are guided at $300-400M, with $150-200M allocated to completions and $150-200M to PROPWR. 
- Liquidity remains strong at $161M as of Q4, supporting strategic initiatives. 

**【Q&A Key Highlights】**
- **PROPWR Growth**: Expected 150-200 MW capacity by early 2026, targeting $300-400K/MW annual EBITDA with 3-4 year payback. 
- **Frac Market Outlook**: Flat activity in 2025, with 14-15 active fleets in Q1 and potential tightening due to attrition at lower-tier competitors. 
- **Cementing & Wireline**: Cementing is a bright spot, while Wireline faces weaker pricing but opportunities for integrated service growth. 
- **Operational Risks**: Mitigated by experienced leadership, existing infrastructure, and long-term contracts for power assets. 
- **Share Buybacks**: 13M shares retired since inception, representing 11% of outstanding shares.

Actual											-0.08	-0.26	-0.29	-0.44	-0.2	-0.08	-0.05	-0.2	0.11	-0.32	0.1	0.12	0.25	0.34	0.31	-0.16	0.18	-0.03	-1.32	-0.17	0.0937	-0.0263	-0.0246	0.04
Forecast											0.1627	-0.2011	-0.2655	-0.2009	-0.1682	-0.0666	-0.0312	-0.024	0.0225	0.1888	0.2864	0.314	0.4463	0.4036	0.2933	0.085	0.0644	0.0714	0.022	0.007	0.0538	0.0305	-0.1229	-0.1231
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-149.17%	-29.29%	-9.23%	-119.01%	-18.91%	-20.12%	-60.26%	-733.33%	+388.89%	-269.49%	-65.08%	-61.78%	-43.98%	-15.76%	+5.69%	-288.24%	+179.50%	-142.02%	-6100.00%	-2528.57%	+74.16%	-186.23%	+79.98%	+132.49%

PUMP

PUMP fundamentals

PUMP Q4 2025 Earnings

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PUMP

PUMP fundamentals

PUMP Q4 2025 Earnings

Earnings Call

PUMP Earnings Call Summary for Q4/20259:00 AM on Feb 18, 2026

PUMP Earnings Call Summary for Q3/20259:00 AM on Oct 29, 2025

PUMP Earnings Call Summary for Q2/20259:00 AM on Jul 30, 2025

PUMP Earnings Call Summary for Q1/20259:00 AM on Apr 29, 2025

PUMP Earnings Call Summary for Q4/20249:00 AM on Feb 19, 2025

You can ask Aime