Welcome to our dedicated page for Propetro Holding news (Ticker: PUMP), a resource for investors and traders seeking the latest updates and insights on Propetro Holding stock.
ProPetro Holding Corp. (NYSE: PUMP) is a Midland, Texas-based provider of completion and power services to upstream oil and gas companies developing North American unconventional oil and natural gas resources. Its news flow reflects both its traditional hydraulic fracturing and completion operations and the expansion of its PROPWR℠ power services platform.
Readers of this page can follow company announcements on quarterly financial and operational results, including revenue trends, net income or loss, adjusted EBITDA, capital expenditures and liquidity metrics. Earnings releases frequently include management commentary on market conditions in the Permian Basin, frac fleet utilization, contract coverage for hydraulic horsepower and the performance of Tier IV dual-fuel and FORCE® electric-powered fleets.
News items also highlight PROPWR developments, such as the inaugural 10-year contract for 80 megawatts of power generation capacity for a distributed oilfield microgrid, a long-term 60 megawatt contract with a hyperscaler data center operator in the Midwest region of the United States, and a contract to supply power to a subsidiary of Coterra Energy Inc. in the New Mexico portion of the Permian Basin. These releases describe turnkey power solutions, use of in-field gas, hybrid battery and natural gas generator systems, and growth in PROPWR’s contracted and ordered megawatt capacity.
Additional updates include announcements of earnings conference calls, leadership changes such as the appointment of a new Chief Financial Officer, and capital allocation decisions like share repurchase program extensions. Investors and analysts can use this news feed to monitor ProPetro’s operational strategy, contract wins, power equipment orders and financing arrangements that shape the company’s role in completion services and gas-to-power solutions.
ProPetro Holding Corp. (NYSE: PUMP) announced its first quarter 2022 earnings release scheduled for Tuesday, May 3, 2022, after trading hours. The company will host a conference call on Wednesday, May 4, 2022, at 8:00 AM Central Time to discuss the results. U.S. callers can join by dialing 1-844-340-9046, while international participants can call 1-412-858-5205. A replay of the call will be available for one week. ProPetro is based in Midland, Texas, providing pressure pumping and related services in the North American oil and gas sector.
ProPetro Holding Corp. (NYSE: PUMP) reported a net loss of $20 million in Q4 2021, compared to a $5 million loss in Q3 2021. Revenue decreased 2% to $246 million, while Adjusted EBITDA fell 12% to $37 million. Despite a reduced fleet utilization of 12.5 compared to 13.8 fleets in Q3, the company generated positive free cash flow of $26 million. Total liquidity stood at $169 million. CEO Sam Sledge emphasized the company's focus on operational excellence and a favorable market outlook for 2022.
ProPetro Holding Corp. (NYSE: PUMP) announced that Phillip Gobe will transition from Executive Chairman to Non-Executive Chairman of the Board effective March 31, 2022. Gobe has been a Board member since July 2019, previously serving as CEO until August 2021. His leadership during challenging times, including the COVID-19 pandemic, positioned ProPetro for future success. Lead Independent Director Tony Best acknowledged Gobe's contributions and emphasized the company's strong executive team moving forward.
ProPetro Holding Corp. (NYSE: PUMP) is set to release its fourth quarter earnings on February 22, 2022, after market close. A conference call will occur on February 23, 2022, at 8:00 AM Central Time to discuss the results. U.S. participants can join via toll-free number 1-844-340-9046, while international callers should dial 1-412-858-5205. For those unable to attend, a replay will be available for one week. ProPetro operates in the oilfield services industry, catering to North American oil and gas exploration and production firms.
ProPetro Holding Corp. (NYSE: PUMP) has settled its SEC investigation without any monetary penalty. The settlement requires the company to cease and desist from specified violations of federal securities laws related to financial controls and disclosures. ProPetro emphasized its full cooperation with the SEC and highlighted remedial actions taken to improve internal policies and governance. All previously identified material weaknesses have been addressed, reinforcing the company's operational integrity. This resolution aims to strengthen ProPetro's corporate culture moving forward.
ProPetro Holding Corp. (NYSE: PUMP) reported a 15% increase in revenue for Q3 2021, totaling $250 million, compared to $217 million in Q2 2021. The net loss improved to $5 million or $0.05 per diluted share, from $9 million or $0.08 per diluted share in Q2. Adjusted EBITDA rose 18% to $42 million. Operating cash flow was $65 million, with a positive free cash flow of approximately $8 million. ProPetro is expanding its ESG initiatives with an order of 50 Tier IV dual-fuel units for $74 million.
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ProPetro Holding Corp. (NYSE: PUMP) will release its third quarter 2021 earnings on November 2, 2021, after trading hours. A conference call will take place on November 3, 2021, at 8:00 AM Central Time to discuss the results. U.S. callers can dial 1-844-340-9046 for access, while international callers can use 1-412-858-5205. The call will also be available via webcast on their website. A replay of the call will be available for one week thereafter.
ProPetro Holding Corp. (NYSE: PUMP) has confirmed an order for 50 Tier IV Dynamic Gas Blending pumping unit conversions, totaling approximately
ProPetro Holding Corp. (NYSE: PUMP) reported a significant increase in financial performance for Q2 2021, with total revenue rising 34% to $217 million, up from $161 million in Q1. The net loss narrowed to $9 million ($0.08 per diluted share) from $20 million ($0.20 per diluted share) in the previous quarter. Adjusted EBITDA surged 78% to $36 million. Effective fleet utilization improved to 13.1 from 10.3 fleets. The company generated positive free cash flow of $16 million, compared to a negative $5 million prior. ProPetro remains focused on ESG-friendly technologies and plans to mitigate global supply chain risks.