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ProPetro Holding (PUMP) Slumps Following Decline in Oil Price
Yahoo Finance· 2025-12-20 11:46
Core Viewpoint - ProPetro Holding Corp. (NYSE:PUMP) experienced a significant decline in share price, dropping 20% from December 10 to December 17, 2025, amidst a broader bearish sentiment in the energy sector due to falling global crude oil prices [1][2]. Group 1: Stock Performance - The share price of ProPetro Holding Corp. fell by 20% between December 10 and December 17, 2025, making it one of the worst-performing energy stocks during that week [1]. - Despite positive developments, including upgrades from major financial institutions, the stock's performance was negatively impacted by a decline in oil prices, reaching a four-year low [2]. Group 2: Analyst Ratings and Price Targets - On December 10, JPMorgan upgraded ProPetro Holding from 'Neutral' to 'Overweight' and nearly doubled its price target from $7 to $13 as part of its 2026 outlook for the oilfield services sector [3]. - On December 17, Barclays raised its price target for PUMP from $10 to $11 while maintaining an 'Equal Weight' rating on the shares [3]. Group 3: Business Developments - ProPetro Holding announced on December 12 that its PROPWR business secured a new power services contract in the Permian Basin with a subsidiary of Coterra Energy Inc., increasing PROPWR's contracted power to over 220 MW, with operations expected to begin in Q1 2026 [4].
Action Energy eyes regional expansion after Kuwait stock market listing
Reuters· 2025-12-17 11:33
Oilfield services provider Action Energy Company plans to expand regionally while maintaining a strong focus on its home market, its chairman said on Wednesday, after the company's shares began trading on Kuwait's premier stock market. ...
ProPetro Wins Coterra Microgrid Deal & Adds 190 MW of Orders
ZACKS· 2025-12-15 16:51
Core Insights - ProPetro Holding Corp.'s subsidiary PROPWR has secured a contract with Coterra Energy to deliver microgrids in New Mexico's Permian Basin, with operations starting in early 2026, highlighting PROPWR's execution strength and market responsiveness [1][8] - The partnership combines PROPWR's technical capabilities with Coterra Energy's operational strengths to create a scalable power platform tailored for oilfield needs [2] - PROPWR's contracted capacity has surpassed 220 megawatts (MW), with an average contract duration of about five years, indicating strong demand and long-term asset stability [3][8] Capacity and Equipment - PROPWR has placed orders for an additional 190 MW of equipment, increasing its total capacity to approximately 550 MW, with a mix of high-efficiency natural gas engines and low-emission turbines expected by the end of 2027 [4][8] - The long-term goal is to achieve a capacity of one gigawatt or more by 2030, reflecting the company's growth ambitions in the energy sector [4] Financial Outlook - PROPWR has raised its 2026 capital expenditure forecast to between $250 million and $275 million, while also pursuing a potential $350 million lease finance facility to enhance financial flexibility [5] - The company emphasizes free cash flow as its preferred funding source, positioning itself as a leading provider of innovative power solutions across various markets [5] Operational Progress - In its first year of operations, PROPWR has demonstrated strong momentum by securing multiple contracts, deploying assets, and establishing a competitive supply chain [6] - ProPetro's core businesses remain robust, with 11 active frac fleets and strong activity levels anticipated through 2026 [6]
SLB Signs Strategic Collaboration Agreement with Shell
Yahoo Finance· 2025-12-15 14:57
Group 1 - SLB N.V. (NYSE:SLB) experienced a share price increase of 2.57% from December 5 to December 12, 2025, ranking among the top gaining energy stocks for that week [1] - On December 11, SLB announced a strategic collaboration agreement with Shell plc (NYSE:SHEL) to develop AI-driven digital solutions aimed at enhancing performance and upstream efficiency, utilizing SLB's Lumi data and AI platform [2] - Analysts from UBS raised SLB's stock price target from $44 to $50 on December 12, maintaining a 'Buy' rating, citing a positive outlook for the energy sector driven by improving oil and natural gas forecasts, M&A value creation, cost efficiencies, and attractive valuations [3] Group 2 - Additional analysts from Citi, TD Cowen, and Bernstein also increased their price targets for SLB on December 11, contributing to a bullish sentiment around the stock [4]
ProPetro enters power supply agreement with Coterra's unit
Reuters· 2025-12-12 22:59
Core Insights - ProPetro Holding Corp's energy unit, PROPWR, has signed a deal with a unit of Coterra Energy to supply power for building and installing microgrids [1] Group 1 - The partnership aims to enhance energy infrastructure through the development of microgrids [1] - This collaboration reflects a growing trend in the energy sector towards sustainable and decentralized power solutions [1]
Halliburton Fourth Quarter 2025 Earnings Conference Call
Businesswire· 2025-12-12 22:15
HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) will host a conference call on Wednesday, January 21, 2026, to discuss its fourth quarter 2025 financial results. The call will begin at 8:00 a.m. CT (9:00 a.m. ET). The Company will issue a press release regarding the fourth quarter 2025 earnings prior to the conference call. The press release will be posted on the Halliburton website at www.halliburton.com. Please visit the Halliburton website to listen to the call via live webcast. A. ...
EnerMech secures pre-commissioning contract for Pluto LNG 2 development
Yahoo Finance· 2025-12-11 09:23
UK-based oilfield services provider EnerMech has been awarded a contract by Bechtel for pre-commissioning works at the Pluto Train 2 development near Karratha, Western Australia (WA). This contract includes chemical cleaning services for Pluto Train 2, part of the Pluto LNG facility. The facility is operated by Woodside Energy, with Bechtel managing the engineering, procurement and construction (EPC) and commissioning scope for the expansion project. It is set to process gas from the Scarborough field ...
KLX Energy Services Appoints Geoffrey C. Stanford as Interim Chief Financial Officer
Prnewswire· 2025-12-10 21:15
Core Viewpoint - KLX Energy Services Holdings, Inc. has appointed Geoffrey C. Stanford as Interim Chief Financial Officer effective January 7, 2026, following the resignation of Keefer M. Lehner, which is not related to any operational or financial issues within the company [1]. Group 1: Leadership Changes - Geoffrey C. Stanford, currently Senior Vice President and Chief Accounting Officer, will take over as Interim CFO [1]. - Keefer M. Lehner will resign from his position as Executive Vice President and CFO effective January 7, 2026 [1]. - The resignation of Lehner is confirmed to be unrelated to any issues with the company's operations, financial reporting, or controls [1]. Group 2: Background of Geoffrey C. Stanford - Stanford joined KLX in 2018 as Vice President and Chief Accounting Officer and was promoted to Senior Vice President in December 2020 [2]. - Prior to KLX, he held positions at Amedisys Home Health & Hospice and Willbros Construction, focusing on corporate accounting initiatives [2]. - Stanford is a licensed Certified Public Accountant with an MBA from Tulane University and bachelor's degrees in Accounting and Finance from Louisiana State University [2]. Group 3: Company Overview - KLX is a growth-oriented provider of diversified oilfield services to leading onshore oil and natural gas exploration and production companies [4]. - The company operates in all major active basins in the United States, delivering critical services focused on drilling, completion, production, and intervention activities [4]. - KLX has over 60 service and support facilities across the United States, supported by skilled personnel and a broad portfolio of innovative in-house manufacturing, repair, and maintenance capabilities [4].
Forum Energy Technologies (NYSE:FET) Earnings Call Presentation
2025-12-09 15:00
INVESTOR SUMMIT VIRTUAL CONFERENCE DECEMBER 9, 2025 Forward Looking Statements and Non-GAAP Reconciliation The statements made during this presentation, including the answers to your questions, may include information that the Company believes to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements involve risk and uncertainties that may cause actual results or events to differ materially from those expressed or implied in such statemen ...
KLX Energy Services Announces Upcoming Participation in the Emerging Growth Conference
Prnewswire· 2025-12-08 21:15
Core Viewpoint - KLX Energy Services Holdings, Inc. will participate in the Emerging Growth Conference on December 10, 2025, with a presentation by CEO Chris Baker [1]. Group 1: Company Overview - KLX is a growth-oriented provider of diversified oilfield services to leading onshore oil and natural gas exploration and production companies across all major basins in the United States [3]. - The company offers mission-critical oilfield services focused on drilling, completion, production, and intervention activities for technically demanding wells [3]. - KLX operates over 60 service and support facilities throughout the United States, supported by technically skilled personnel and a broad portfolio of innovative in-house manufacturing, repair, and maintenance capabilities [3]. Group 2: Event Details - The presentation by Chris Baker is scheduled for 12:35 p.m. EST on December 10, 2025, and participants can register in advance [1]. - Following the presentation, there will be a Q&A session, and participants are encouraged to submit questions in advance [2]. - An archived webcast of the event will be available on EmergingGrowth.com and the Emerging Growth YouTube Channel after the conference [2].