ProPetro enters power supply agreement with Coterra's unit
ProPetro's PROPWR unit secures microgrid power supply deal in New Mexico. Strategic partnership with Coterra could enhance operational capabilities and revenue.
View signal analysisProPetro Holding Corp. · NYSE · Energy
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ProPetro's PROPWR unit secures microgrid power supply deal in New Mexico. Strategic partnership with Coterra could enhance operational capabilities and revenue.
View signal analysis →- ProPetro Holding (PUMP) shows improving earnings outlook, with analysts raising estimates. - Rising trend in estimate revisions correlates with stock price movements. - ProPetro has a Zacks Rank #2 (Buy) and strong consensus estimate improvements. Price Impact Rating: Bullish Impact Horizon Rating: Short-term Type: Research Analysis
View signal analysis →- ProPetro Holding Corp.'s Q1 2024 EPS beat estimates due to improved pricing and activity. - Revenues of $405.8M surpassed consensus, up from Q1 2023 despite a decline. - Adjusted EBITDA increased to $93.4M, outperforming expectations. - Company increased share repurchase program by $100M to a total of $200M. - Secured a long-term contract with ExxonMobil for electric fracturing fleets. Price Impact Rating: bullish Impact Horizon Rating: short-term Type: Corporate Developments
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