ProPetro (US:PUMP)2025-04-29 15:11Financial Performance - ProPetro's Q1 2025 revenue reached $359 million[15], a 12% increase compared to $321 million in Q4 2024[27] - The company's Adjusted EBITDA for Q1 2025 was $73 million[16], a 38% increase from $53 million in Q4 2024[27] - ProPetro generated $22 million in Free Cash Flow in Q1 2025[14], compared to $13 million in Q4 2024[27] - Net income for Q1 2025 was $10 million or $009 per share[27], a significant improvement from a net loss of $17 million or -$017 per share in Q4 2024[27] Strategic Initiatives - ProPetro is strategically positioned in the Permian Basin, with 100% of its revenue derived from this region[23] - The company has invested over $1 billion since 2022 in asset refreshment, new technology, and service diversification[11] - ProPetro is expanding its services with PROPWR, a comprehensive power generation solution, to meet growing electricity demand[13] - The company has a $200 million share repurchase program, with $111 million already repurchased and $89 million remaining[33, 34] Since inception through March 31, 2025, 13 million shares (11%) outstanding were retired[37] Fleet and Technology - ProPetro is transitioning its fleet to dual-fuel and electric technologies, including FORCE® electric hydraulic fracturing fleets[47] - Tier IV DGB dual-fuel fleets are achieving natural gas substitution rates greater than 60%[57] - The company has secured letters of intent for approximately 75 MW of long-term PROPWR service capacity with two operators in the Permian Basin[69]