ProPetro Shares Surge 12% on Strong Q1 Results, Growing Momentum for PROPWR Business

Key Highlights:

• Q1 revenue jumps 12% to $359M; net income hits $10M vs. $17M loss prior quarter
• Adjusted EBITDA soars 38% to $73M on strong service utilization
• Shares rally 12.7% as investors cheer outlook and PROPWR expansion strategy

ProPetro Holding Corp. (NYSE: PUMP) lit up the market on Tuesday, with its stock surging 12.73% to $5.94 after the company posted robust first-quarter results and unveiled key milestones in its fast-growing PROPWR power business.

The Midland-based oilfield services provider reported $359 million in Q1 2025 revenue, a 12% increase from the previous quarter, driven by high fleet utilization and steady pricing across its service lines. Net income rebounded to $10 million, or $0.09 per diluted share, from a loss of $17 million in Q4 2024. Adjusted EBITDA climbed sharply to $73 million, a 38% sequential gain, reflecting disciplined cost control and strategic fleet deployment.

ProPetro’s CEO Sam Sledge praised the team’s execution amid macro uncertainty: “Our bifurcated service model and investments in next-gen technologies continue to differentiate ProPetro. With durable cash flows and a strong balance sheet, we’re proving our ability to thrive across cycles.”

The market clearly took notice. Trading volume surged past 1.5 million shares, and PUMP’s stock spiked from an opening of $5.98 to a high of $6.14, settling near a one-month peak. The company’s market cap now stands at $616 million, with a 52-week range of $4.61 to $11.17. Analysts’ one-year target estimate of $10.06 suggests further upside if momentum continues.

Beyond the financials, investors are especially focused on PROPWR, ProPetro’s new power generation venture. The company increased ordered capacity from 140 to 220 megawatts, split evenly between turbines and natural gas reciprocating generators. It also secured letters of intent for 75 megawatts of long-term capacity from two Permian Basin operators, with more contracts expected soon.

Capital expenditures for the quarter stood at $39 million, with full-year guidance revised downward to a range of $295M–$345M, thanks to cost optimizations. ProPetro expects to operate 13 to 14 hydraulic fracturing fleets in Q2, slightly down from Q1 due to recent oil price volatility and strategic deployment.

As the industry shifts toward lower emissions and power reliability, ProPetro’s hybrid model — combining legacy services with forward-leaning energy infrastructure — is resonating with investors. The firm’s Q1 results showcase not just a bounce back in profitability but a deliberate, tech-forward transition aimed at long-term resilience.