ProPetro's Third Quarter: Declining Completions and Growth in Power Sector Lead to Varied Outcomes
- ProPetro reported $294M Q3 revenue (-10% QoQ) with a narrowed $2M net loss, driven by core completions sector challenges and Pro Power segment growth. - Pro Power secured 60MW data center contract, expanding to 150MW contracted capacity with 750MW 2028 target, supported by $350M leasing facility. - Completions revenue fell 18.6% to $293.9M amid 70 active Permian frac fleets (down from 90-100), though costs dropped 44.4% improving margins. - $270M-290M 2025 CAPEX allocates $190M to Pro Power, with shares
ProPetro Holding Corp (PUMP) is experiencing a mixed third quarter in 2025, as a reduced net loss and progress in its Pro Power division help balance out lower revenues from its main completions business. The company posted total revenues of $294 million, marking a 10% decrease from the previous quarter, a result of persistent difficulties in the hydraulic fracturing market, according to a
The Pro Power division stood out this quarter, landing a 60-megawatt contract to supply power to a large-scale data center in the Midwest and increasing its contracted capacity to more than 150 megawatts, with a year-end goal of 220 megawatts, according to a
On the other hand, the completions segment continued to face difficulties. The number of active Permian frac fleets fell to 70, down from 90–100 at the beginning of 2025, with three fleets sidelined due to unprofitable pricing, as reported in
Looking forward, ProPetro expects to spend between $270 million and $290 million in capital expenditures for 2025, with $80 million–$100 million allocated to completions and $190 million to Pro Power, as stated in
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