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The 3Q24 Z4 snapshot:
Small-cap pressure pumper ProPetro Holding Corp. (NYSE:PUMP) reported solid Q3 2024 results in what continues to be a dismal time in the greater oil service space. Revenues
ProPetro Delivered A Solid Q3 In A Nervous Oil Service Market; 2025 Looks Bright
Summary
- ProPetro Holding Corp. reported strong Q3 2024 results in a difficult market.
- The company continues to transition to cleaner, higher-margin pressure pumping fleets.
- Activity in the near term is expected to hold firm, with 2025 seeing additional efleets added to the portfolio.
- The balance sheet remains net debt free, and they continue to buyback shares.
- The company is trading at overly discount levels near 2.5x 2025 EBITDA.
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