ProPetro’s Strong Q1 2025 Financial Turnaround

Propetro Holding ( (PUMP) ) has released its Q1 earnings. Here is a breakdown of the information Propetro Holding presented to its investors.

ProPetro Holding Corp., based in Midland, Texas, is a provider of premium completion and power services for the upstream oil and gas industry, focusing on unconventional oil and natural gas resources in North America.

In its first-quarter 2025 earnings report, ProPetro announced a significant financial turnaround with a 12% increase in total revenue to $359 million, compared to the previous quarter. The company also reported a net income of $10 million, a notable improvement from the $17 million net loss in the prior quarter.

Key financial highlights include an adjusted EBITDA of $73 million, representing a 38% increase from the previous quarter, and a free cash flow of $22 million. ProPetro’s strategic advancements include expanding its PROPWR power generation capacity to 220 megawatts and securing letters of intent for 75 megawatts of long-term service capacity in the Permian Basin.

Looking ahead, ProPetro remains focused on operational excellence and financial discipline, with plans to continue its investments in next-generation technologies and maintain a strong balance sheet. The company anticipates operating 13 to 14 hydraulic fracturing fleets in the second quarter of 2025, adapting to market conditions and oil price fluctuations.