ProPetro reports FY 2024 net loss of $138M; revenue down 11% YoY to $1.4B

ProPetro Holding Corp.

2024-FY EPS reported -$1.31 revenue$1,444,286,000

Net loss of $138M ($1.31 diluted EPS) vs net income of $86M ($0.76) in 2023.
Adjusted EBITDA of $283M, down 30% YoY; revenue fell to $1.4B.
Q4 2024 revenue $321M, net loss $17M vs prior quarter net loss $137M.
Formed PROPWR power gen business with 140 MW of ordered equipment; acquired AquaProp.
Repurchased 7.2M shares in 2024 (13.0M since plan inception); capex reduced 57% to $133M.

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