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ProPetro Holding Corp - PUMP STOCK NEWS

Welcome to our dedicated news page for ProPetro Holding (Ticker: PUMP), a resource for investors and traders seeking the latest updates and insights on ProPetro Holding.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ProPetro Holding's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ProPetro Holding's position in the market.

News
ProPetro Increases Share Repurchase Authorization to $200 million
Rhea-AI Summary
ProPetro Holding Corp. (NYSE: PUMP) has increased its share repurchase authorization to $200 million, allowing for the repurchase of up to an additional $100 million of common shares. The program has been extended till May 31, 2025. CEO Sam Sledge expressed confidence in the company's strategy and earnings potential, emphasizing the importance of returning capital to shareholders. ProPetro has already repurchased $74 million of outstanding common stock since May 2023, with approximately $126 million remaining for future repurchases.
Rhea-AI Impact
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End-of-Day
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buyback
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News
ProPetro Announces First Quarter 2024 Earnings Call
Rhea-AI Summary
ProPetro Holding Corp. (PUMP) announced its first quarter 2024 earnings release scheduled for May 1, 2024. The company will host a conference call to discuss the results, providing access details for callers and webcast viewers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
earnings
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News
ProPetro Reports Financial Results for the Fourth Quarter and Full Year of 2023
Rhea-AI Summary
ProPetro Holding Corp. (PUMP) reported strong financial results for the full year 2023 with revenue of $1.6 billion, a 27% increase over 2022, and net income of $86 million. The company deployed electric hydraulic fracturing fleets and repurchased shares. However, the fourth quarter saw a revenue decrease to $348 million, a net loss of $17 million, and adjusted EBITDA of $64 million. Despite challenges, ProPetro remains optimistic about future growth and value creation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.38%
Tags
earnings
News
ProPetro Announces Fourth Quarter 2023 Earnings Call
Rhea-AI Summary
ProPetro Holding Corp. (PUMP) will release its fourth-quarter 2023 earnings on February 21, 2024, and host a conference call to discuss the results. The call will be webcast on ProPetro’s website and a replay will be available for one week following the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.2%
Tags
earnings
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News
ProPetro Acquires Par Five Energy Services Creating a Leading Permian Cementing Services Company
Rhea-AI Summary
ProPetro Holding Corp. (NYSE: PUMP) has successfully acquired the assets and business operations of Par Five Energy Services LLC, specializing in cementing services in the Delaware Basin. The acquisition is expected to increase ProPetro’s 2024 Adjusted EBITDA expectations by approximately $10 million and convert 80-90% of that Adjusted EBITDA into free cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
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acquisition
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News
ProPetro Appoints Chief Commercial Officer and Chief Accounting Officer
Rhea-AI Summary
ProPetro Holding Corp. (PUMP) appoints Shelby Fietz as Chief Commercial Officer and Celina Davila as Chief Accounting Officer. Fietz's promotion to CCO will bring significant value to ProPetro, while Davila's appointment as CAO will drive continued enhancement in business processes and financial reporting efficiencies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
Tags
management
News
ProPetro Reports Financial Results for the Third Quarter of 2023
Rhea-AI Summary
ProPetro Holding Corp. (NYSE: PUMP) reported total revenue of $424 million and net income of $35 million ($0.31 per diluted share) for the third quarter of 2023. Adjusted EBITDA was $108 million, or 25% of revenue. The company published its first ProPetro ProEnergy ProPeople Sustainability Report for 2023 and successfully commissioned its first FORCESM electric-powered hydraulic fracturing fleet. ProPetro repurchased and retired 1.9 million shares during the quarter.
Rhea-AI Impact
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earnings
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ProPetro Issues Inaugural ProPetro ProEnergy ProPeople Sustainability Report
Rhea-AI Summary
ProPetro Holding Corp. has published its inaugural Sustainability Report, highlighting its commitment to building a sustainable business. The report discusses the company's fleet transition strategy, carbon emissions, employee training programs, and enhanced disclosure. CEO Sam Sledge emphasizes the company's dedication to providing safe and efficient services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.24%
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none
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News
ProPetro Announces Third Quarter 2023 Earnings Call
Rhea-AI Summary
ProPetro Holding Corp. will release its Q3 2023 earnings on November 1, 2023, and host a conference call to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.61%
Tags
earnings
News
ProPetro Reports Financial Results for the Second Quarter of 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.67%
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earnings
Stock PUMP logo
ProPetro Holding Corp

NYSE:PUMP

PUMP Rankings

#2467 Ranked by Market Cap
#2779 Ranked by Stock Gains
N/A Ranked by Dividends

PUMP Stock Data

906.79M
79.78M
16.36%
90.92%
3.69%
Support Activities for Oil and Gas Operations
Mining, Quarrying, and Oil and Gas Extraction
Link
United States
Midland

About PUMP

headquartered in midland, texas, propetro services, inc. is an independent provider of oil and gas well drilling, stimulation, cementing and coiled tubing services. with service points located in the permian basin, the uintah-piceance basins and the anadarko basin, we strive to provide services to major markets.