earnings
confidence high
sentiment neutral
materiality 0.70
ProPetro Q2 revenue $306M (+13% QoQ), net loss $8M; PROPWR adds 110 MW capacity
ProPetro Holding Corp.
- Revenue $306M, up 13% from $271M prior quarter; net loss $8M ($0.07 loss per share) vs $4M loss prior quarter.
- Adjusted EBITDA $45M (15% of revenue), up 23% QoQ; capital expenditures incurred $71M.
- PROPWR added ~110 MW of power generation capacity under contract, total committed ~350 MW; assets deployed at a Midwest hyperscaler data center.
- Advanced negotiations for over 100 MW for oil & gas and several hundred MW for data center opportunities.