ProPetro: Solid Story, Super Cheap, Set For Rebound [Seeking Alpha]
ProPetro Holding Corp. (PUMP)
Last propetro holding corp. earnings: 3/31 04:54 pm
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US:NASDAQ Investor Relations:
ir.propetroservices.com
Company Research
Source: Seeking Alpha
Follow Play (6min) Summary 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. With ample liquidity and a focus on the resilient Permian Basin, ProPetro is viewed as overly cheap, trading well under 3x EBITDA for 2024 and 2025. NYSE: PUMP space, they are transitioning their frac fleet to dual fuel and electric fleets (their Force fleets). The balance sheet has more cash than debt, and they are generating free cash flow and buying back shares in 2024 with the potential for meaningful further share repurchases. We covered the 2Q24 results on our site, and although the
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PUMP
News
- ProPetro Secures Term Contract to Provide Electric Frac Services [Yahoo! Finance]Yahoo! Finance
- ProPetro Announces Contract for a 4th FORCE® Electric Hydraulic Fracturing Fleet [Yahoo! Finance]Yahoo! Finance
- ProPetro Announces Contract for a 4th FORCE® Electric Hydraulic Fracturing FleetBusiness Wire
- ProPetro Stock Rises 18% After the Introduction of ProPWR Subsidiary [Yahoo! Finance]Yahoo! Finance
- ProPetro Announces ProPWRSM Power Generation Business [Yahoo! Finance]Yahoo! Finance
PUMP
Earnings
- 10/30/24 - Miss
PUMP
Sec Filings
- 12/19/24 - Form 8-K
- 12/10/24 - Form 8-K
- 11/27/24 - Form 4
- PUMP's page on the SEC website