ProPetro Hld

ProPetro Holding Corp. is an oilfield services company that engages in the provision of hydraulic fracturing and other complementary services. It operates through the following segments: Hydraulic Fracturing, Cementing, Coil Tubing, Flowback, and Drilling. The Hydraulic Fracturing segment intends to optimize hydrocarbon flow paths during the completion phase of horizontal shale wellbores. The Cementing segment provides isolation between fluid zones behind the casing to minimize potential damage to hydrocarbon bearing formations or the integrity of freshwater aquifers and provides structural integrity for the casing by securing it to the earth. The Coil Tubing segment involves injecting coiled tubing into wells to perform various completion well intervention operations. The Flowback segment consists of production testing, solids control, hydrostatic testing and torque services. The company was founded by Dale Redman and Jeffrey David Smith in 2005 and is headquartered in Midland, TX.

Earnings data Q1 2021

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ProPetro reports robust 2022 performance and strategic growth initiatives

ProPetro's strong financial performance in 2022 and positive outlook for 2023 underscore their growth trajectory and commitment to shareholder value. The company's strategic focus on fleet transition, sustainability, and acquisitions aligns with industry trends and positions them for success. Challenges in fleet transformation and lease obligations require careful management, but opportunities in expanding services and enhancing shareholder returns offer promising prospects.

ProPetro reports robust Q1 earnings, accelerates shift to sustainable fleets

ProPetro's Q1 performance reflects strong revenue growth, operational efficiency, and strategic initiatives to transition to natural gas and electric-powered fleets.
With a focus on market positioning, industrialization, and sustainability, ProPetro is well-positioned to navigate industry challenges and capitalize on growth opportunities.
Challenges in fleet transitions, CapEx management, and industry dynamics require proactive planning and execution to sustain ProPetro's competitive edge and drive long-term success.
Opportunities in sustainable energy solutions, supply chain optimization, and operational excellence present avenues for ProPetro to enhance value creation and stakeholder returns.

ProPetro reports robust Q2 earnings, bullish on growth prospects

ProPetro's Q2 performance reflects resilience amidst market challenges, with a focus on financial strength, strategic investments, and operational efficiency. The company's confidence in delivering strong financial results and its bullish outlook on growth underscore its commitment to creating long-term value for stakeholders.

ProPetro reports robust Q3 earnings, eyes strategic investments for growth

ProPetro's Q3 performance reflects financial strength and strategic investments for future growth. While challenges exist in Q4 due to industry dynamics, the company's focus on shareholder value, balance sheet strength, and long-term opportunities signal resilience and potential. ProPetro's proactive approach to capital allocation and strategic acquisitions underscores its commitment to sustainable growth.

ProPetro reports strong Q4 performance, eyes growth through fleet optimization

ProPetro's Q4 2023 performance reflects solid financial results and strategic initiatives to drive growth and enhance shareholder value.
While facing challenges in cost savings and operational efficiency, the company remains optimistic about future opportunities and market expansion.
Investors should monitor ProPetro's progress in optimizing costs, deploying new fleets, and achieving operational milestones for long-term value creation.

ProPetro excels in Q1 2024, poised for growth in energy sector

ProPetro's Q1 2024 performance reflects strong financial growth and operational resilience, underpinned by strategic initiatives and a focus on next-gen technologies. While facing challenges in certain operational aspects, the company is well-positioned to capitalize on opportunities in the evolving energy landscape.

ProPetro reports Q2 loss, focuses on cash flow and electric fleet growth

ProPetro's Q2 performance reflects a mixed financial outcome with a net loss and decreased adjusted EBITDA, but strong free cash flow generation and strategic investments in electric fleet offerings. Despite challenges, the company's strong cash position, reduced capital expenditure guidance, and confidence in their strategy signal opportunities for growth and improved profitability in the future.

ProPetro reports resilient Q3 results, focuses on electric fleet transition

ProPetro's Q3 performance reflects resilience and strategic focus on cash flow generation and operational efficiency. Challenges in wireline business and pricing competition are being addressed through cost reduction efforts. The company's transition to electric fleets and commitment to excellence position it well for future growth and value creation.

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Phillips 66

Total

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Global oil markets are tightening as OPEC supply falls, the International Energy Agency said, while warning it could lower demand forecasts because of economic threats.

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Oil prices fell on Thursday after U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production.

Oil prices dip on surging US crude stockpiles

Crude oil prices held near a five-month high after U.S. government data showed the biggest decline in gasoline stockpiles since 2017, offsetting an increase in crude inventories.

Oil Prices Near Five-Month High As U.S. Gasoline Stockpiles Tumble

The Energy Information Administration on Wednesday reported that U.S. crude supplies climbed by 7 million barrels for the week ended April 5.

Oil prices up as EIA reveals a hefty climb in U.S. crude supplies, along with a drop in gasoline stockpiles

Does ProPetro Holding (PUMP) have what it takes to be a top stock pick for momentum investors? Let's find out.

ProPetro Holding (PUMP) is a Great Momentum Stock: Should You Buy?

Oil prices edged back towards five-month highs on Wednesday, supported by ongoing supply cuts by producer club OPEC and U.S. sanctions against oil exporters Iran and Venezuela.

Oil rises amid OPEC supply cuts, US sanctions

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ProPetro (PUMP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Why ProPetro (PUMP) Might be Well Poised for a Surge

Oil won't be returning to the peak levels it saw last year when global benchmark Brent Crude hit $86 a barrel, Goldman Sachs' top commodities analyst said Monday.

Oil won't be going back up to $80 levels, Goldman Sachs' commodities head Jeff Currie says

Oil prices rose to five-month highs on Monday, driven up by OPEC's ongoing supply cuts, U.S. sanctions against Iran and Venezuela and healthy U.S.

Oil hits Nov. 2018 highs amid OPEC supply cuts, US sanctions

Crude futures have surged in recent months, with Brent and U.S. West Texas Intermediate (WTI) both rallying more than 20 percent since the start of 2019.

Oil markets will see 'much more upside than downside,' Citi strategist says

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This sector offers the best risk-reward for investors right now, JP Morgan says

ProPetro Holding Corp’s fourth quarter reflected its consistent frac fleet utilization and superior performance to peers, according to Raymond James.

News for ProPetro Hld Stock (PUMP)