ProPetro Holding (PUMP) Company Overview

MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Announces Fourth Quarter 2024 Earnings Call.

PUMP secures a term contract to provide electric hydraulic fracturing services to a major Permian operator, expanding its FORCE fleet and mobile power generation.

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

ProPetro (PUMP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

ProPetro (PUMP) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

ProPetro launches ProPWR, its new subsidiary for mobile power generation, with a $122 million investment and 110 megawatts order to support growing energy demand.

MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Announces ProPWR Power Generation Business.

PUMP expects 2024 capital expenditures to be between $150 million and $175 million, with 14 active frac fleets operating in the fourth quarter.

ProPetro Holding Corp. reported strong Q3 2024 results in a difficult market. The company continues to transition to cleaner, higher-margin pressure pumping fleets. Activity in the near term is expected to hold firm, with 2025 seeing additional efleets added to the portfolio.