0001680247-26-000028
SEC filingProPetro Holding Corp. reported FY 2025 revenue of $1.27 billion, generating operating income of $6.3 million and net income of $824 thousand. The company's service revenue was offset by cost of services of $968.2 million and general and administrative expenses of $107.6 million, resulting in a net income margin of approximately 0.06%. Operating cash flow was strong at $231.6 million, significantly exceeding net income due to non-cash adjustments including $174.9 million in depreciation and amortization. The company invested $186.3 million in capital expenditures, resulting in free cash flow of $45.3 million. The balance sheet shows total assets of $1.29 billion with shareholders' equity of $829.8 million and total liabilities of $461.0 million, including long-term debt of $105.6 million. Cash and equivalents ended at $88.9 million, up $40.9 million from the prior year.
ProPetro Holding Corp. reported FY 2025 financial results with revenue of $1.27 billion, operating income of $6.3 million, and net income of $824 thousand. The company's cost structure included cost of services of $968.2 million, general and administrative expenses of $107.6 million, and depreciation and amortization of $174.9 million. Other income contributed $1.5 million, primarily from net other income of $9.7 million offset by interest expense of $8.2 million. Income tax expense was $7.0 million. The company reported basic and diluted earnings per share of $0.00 based on weighted average shares outstanding of 103.8 million basic and 105.4 million diluted.
The company generated $1.27 billion in service revenue for FY 2025. No segment breakdown or geographic mix was provided in the available data. The revenue represents the total service revenue from the company's operations without further segmentation disclosed in the provided financial data.
Gross profit was $301.8 million, representing a gross margin of 23.8%. Operating margin was 0.5% based on operating income of $6.3 million. The company's cost structure shows cost of services represented 76.2% of revenue, while general and administrative expenses accounted for 8.5% of revenue. Depreciation and amortization represented 13.8% of revenue. The net income margin was approximately 0.06%.
Operating cash flow was strong at $231.6 million, significantly exceeding net income due to non-cash adjustments including $174.9 million in depreciation and amortization. Investing activities used $149.8 million primarily for capital expenditures of $186.3 million, partially offset by proceeds from asset sales. Financing activities used $40.9 million for lease payments, debt repayments, and other financing costs. Free cash flow (operating cash flow minus capital expenditures) was $45.3 million. The balance sheet shows total assets of $1.29 billion including property and equipment of $793.5 million and current assets of $326.7 million. Total liabilities were $461.0 million with long-term debt of $105.6 million and current liabilities of $253.0 million. Shareholders' equity was $829.8 million with accumulated deficit of -$68.0 million.
No forward-looking guidance, strategic priorities, or specific risk factors were provided in the available financial data. The filing contains standard financial statements without management discussion and analysis or outlook sections in the provided content.