ProPetro Holding Slides After 2Q Loss Widens, Cut to Full-Year Capex Guidance

Dow Jones
2025/07/31
 

By Natalie Weger

 

Shares of ProPetro Holding slipped after the company lowered its full-year capital-expenditure guidance and posted a wider second-quarter loss.

The stock fell 14%, at $5.43, midday Wednesday and about 42% so far this year.

The oilfield-services company said it expects full-year 2025 incurred capital expenditure to be between $270 million and $310 million, down 9% from the midpoint of its prior guidance.

ProPetro posted a second-quarter net loss of $7.2 million, or 7 cents a share, compared with a loss of $3.7 million, or 3 cents a share, the year before.

The Midland, Texas, company's revenue decreased to $326.2 million compared with $357 million the year earlier. Analysts polled by FactSet expected $330.5 million.

 

Write to Natalie Weger at natalie.weger@wsj.com

 

(END) Dow Jones Newswires

July 30, 2025 12:33 ET (16:33 GMT)

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