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ProPetro (PUMP) expects effective fleet utilization of 14-15% for the second quarter. It also anticipates capital expenditures in the range of $200-$250 million for 2024.
ProPetro Holding (PUMP) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.40 per share a year ago.
ProPetro (PUMP) reported earnings 30 days ago. What's next for the stock?
Oilfield services firm ProPetro said on Wednesday it has identified material weakness in its internal control over financial reporting.
ProPetro (PUMP) expects effective fleet utilization and capital expenditures to be in the range of 14-15 and $200-$250 million, respectively, for the first quarter of 2024.
ProPetro (PUMP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The acquisition is expected to boost ProPetro Holding's (PUMP) 2024 adjusted EBITDA by approximately $10 million, with 80-90% converting into free cash flow.
ProPetro Holding Corp. reported better-than-expected Q3 2023 financial results, beating revenue and earnings estimates. The company provides oilfield completion services in the Permian Basin and targets exploration and production firms focused on unconventional extraction processes. Despite potential upside catalysts like increased stock buybacks and free cash flow generation, my outlook for ProPetro in the near term is Neutral [Hold] due to Permian Basin drilling activity constraints.
Pioneer Natural Resources is in play, with the Wall Street Journal reporting that Exxon Mobil is close to making a bid to buy out its smaller competitor. So that raises the question: which other oil companies might be undervalued in this market?