Overview

* ProPetro ( PUMP ) Q3 revenue of $294 mln beats analyst expectations despite a 10% quarterly decline

* Adjusted EBITDA for Q3 misses analyst expectations, reflecting lower revenues and fleet transition costs

* Company secures long-term contracts for PROPWR, expanding power capacity to over 150 megawatts

Outlook

* ProPetro ( PUMP ) expects full-year 2025 capital expenditures to be $270 mln to $290 mln

* Company projects PROPWR capital expenditures of $200 mln to $250 mln in 2026

* ProPetro ( PUMP ) targets 750 megawatts of PROPWR capacity by year-end 2028

Result Drivers

* LOWER UTILIZATION - Revenue decline attributed to lower utilization in hydraulic fracturing business

* PROPWR EXPANSION - Secured long-term contracts for PROPWR, expanding power capacity to over 150 megawatts

* CAPITAL MANAGEMENT - Actively managing capital expenditures and financing to support PROPWR growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $294 mln $273.67

Revenue mln (6

Analysts

)

Q3 Net -$2.36

Income mln

Q3 Miss $35 mln $38.88

Adjusted mln (8

EBITDA Analysts

)

Q3 Capex $44 mln

Q3 EBIT -$6.06

mln

Q3 -$3.06

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil related services and equipment peer group is "buy."

* Wall Street's median 12-month price target for ProPetro Holding Corp ( PUMP ) is $6.50, about 12.3% below its October 28 closing price of $7.30

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)