ReutersReuters

ProPetro surges after Q3 revenue exceeds forecast

RefinitivLess than 1 min read

** Shares of oilfield services provider ProPetro PUMP jumps 23.3% to $9.00 premarket after Q3 revenue beats estimates

** Revenue of $294 mln tops estimate of $275.7 mln - per data compiled by LSEG

** Co reports quarterly loss of $0.02 per share, smaller than loss of $1.32 a year ago

** PUMP posts adj EBITDA of $35 mln, below estimates of $39.4 mln

** Expects full-year 2025 capital expenditure of $270 mln to $290 mln, down from prev announced $270 mln to $310 mln range

** "The broader energy markets, including the completions market in the Permian Basin, continue to face challenges. Our strategic investments, particularly in expanding PROPWR and our FORCE electric fleet transition, have strengthened the company’s foundation and reinforced our ability to withstand market turbulence," says CEO Sam Sledge

** As of last close, PUMP shares down 21.76% YTD

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