ProPetro Delivered A Solid Q3 In A Nervous Oil Service Market; 2025 Looks Bright
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.
ProPetro Holding Corp (PUMP) Q3 2024 Earnings Call Transcript
ProPetro Holding Corp (NYSE:PUMP ) Q3 2024 Results Conference Call October 30, 2024 9:00 AM ET Company Participants Matt Augustine - Director of Corporate Development and IR Sam Sledge - Chief Executive Officer David Schorlemer - Chief Financial Officer Conference Call Participants Eddie Kim - Barclays Waqar Syed - ATB Capital Markets John Daniel - Daniel Energy Partners Scott Gruber - Citigroup Kurt Hallead - Benchmark Jeff LeBlanc - TPH Stephen Gengaro - Stifel Sean Mitchell - Daniel Energy Partners Operator Good day, and welcome to the ProPetro Holding Corp. Third Quarter 2024 Conference Call. Please note, this event is being recorded.
ProPetro Holding (PUMP) Q3 Earnings and Revenues Beat Estimates
ProPetro Holding (PUMP) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.31 per share a year ago.
ProPetro Holding (PUMP) Expected to Beat Earnings Estimates: Should You Buy?
ProPetro (PUMP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ProPetro: Solid Story, Super Cheap, Set For Rebound
ProPetro is a small-cap, Permian-focused pressure-pumping company with a strong balance sheet, generating free cash flow and repurchasing shares in 2024. The company is transitioning to dual fuel and electric frac fleets, enhancing efficiency and reducing costs, with 70% of fleets under 2.5 years old. Despite positive performance and solid margins, ProPetro shares are down 21% since the 2Q24 report, presenting a potentially undervalued investment opportunity.
Stock Trend Capital Provides Government Grant Update on Younet Investment
VANCOUVER, BC / ACCESSWIRE / August 27, 2024 / Stock Trend Capital Inc. (CSE:PUMP)(FRA:WCF)(OTC Pink:STOCF) (the "Company" or "Stock Trend") is pleased to provide an update on its investment in Younet ("Younet"), a privately held Canadian company developing an innovative platform powered by artificial intelligence ("AI") that enables users to create personalized AI models based on their data knowledge. On August 19, 2024, Younet issued a news release announcing that the company has been awarded a support grant by the National Research Council of Canada Industrial Research Assistance Program ("NRC AIRAP").
Stock Trend Capital Provides Update on Syntheia Investment
Highlights Syntheia announces receipt of conditional approval for listing on the Canadian Securities Exchange Final approval and commencement of trading is anticipated to occur in the second half of September 2024. VANCOUVER, BC / ACCESSWIRE / August 22, 2024 / Stock Trend Capital Inc. (CSE:PUMP)(FRA:WCF)(OTC PINK:STOCF) (the "Company" or "Stock Trend") is pleased to provide an update on its investment in Metaworld Corporation (dba Syntheia) ("Syntheia"), a Canadian-based AI technology company operating, developing, and commercializing conversational AI technology.
ProPetro (PUMP) Q2 Earnings Fall Y/Y, Sales Lag Estimates
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.
ProPetro: The Higher End Of The U.S. Frac Market Is Alive And Well (Rating Upgrade)
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) Reports Q2 Loss, Lags Revenue Estimates
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.
Analysts Estimate ProPetro Holding (PUMP) to Report a Decline in Earnings: What to Look Out for
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.
Inventory Drawdown on All Fronts Leads to Higher Oil Prices
We remain optimistic about near-term prices for crude and advise investors to buy stocks like SUN, PUMP and TUWOY.
