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MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Announces Third Quarter 2024 Earnings Call.
ProPetro (PUMP) expects full-year 2024 capital expenditures to be between $175 million and $200 million, with 14 active frac fleets operating in the third quarter of 2024.
The U.S. pressure pumping market is down overall, but the demand for modern equipment isn't as affected. ProPetro is one of the service suppliers that has already upgraded most of its fleets and now benefits from higher utilization and margins with less capex. If natural gas drilling comes back, the market may put an even bigger premium on ProPetro's modern equipment.
ProPetro Holding (PUMP) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of $0.08. This compares to earnings of $0.34 per share a year ago.
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.
MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Announces Second Quarter 2024 Earnings Call.
We remain optimistic about near-term prices for crude and advise investors to buy stocks like SUN, PUMP and TUWOY.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ProPetro (PUMP) declares acquisition of Aqua Prop LLC for $35.6 million, enhancing integrated solutions and wet sand services in the Permian Basin.
MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Acquires Aqua Prop, an Innovative Wet Sand Solutions Provider.