ProPetro Holding Corp. (PUMP): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how ProPetro Holding Corp. (PUMP), a key player in the oilfield services, operates and generates revenue? With a market cap of $526.68 million as of April 2025, ProPetro focuses on hydraulic fracturing and related services, primarily within the Permian Basin. Dive in to discover ProPetro's journey, its operational framework, and how it stands out in the competitive energy sector, especially with its strategic shift towards environmentally friendly assets and services.

ProPetro Holding Corp. (PUMP) History

ProPetro Holding Corp. Founding Timeline

Year established

The company was established in 2005.

Original location

The company is headquartered in Midland, Texas.

Founding team members

The leadership team has included names like Dale Redman, who has served as Chief Executive Officer. Although specific details about all founding team members are not detailed, the leadership has been consistent over the years.

Initial capital/funding

Details regarding the initial capital or funding are not available in the provided search results.

ProPetro Holding Corp. Evolution Milestones

ProPetro Holding Corp. Transformative Moments

• Becoming a Public Company: The IPO in 2017 marked a significant turning point, providing access to public markets for capital and growth.
• Strategic Expansion in the Permian Basin: Focusing on the Permian Basin, one of the most prolific oil and gas regions, has been central to the company's growth.
• Adaptation to Market Cycles: Successfully navigating industry downturns by implementing cost-saving measures and maintaining financial discipline.
• Technological Advancements: Embracing new technologies to improve operational efficiencies and service delivery.

To gain further insights into the company's guiding principles, explore Mission Statement, Vision, & Core Values of ProPetro Holding Corp. (PUMP).

ProPetro Holding Corp. (PUMP) Ownership Structure

ProPetro Holding Corp. features a mixed ownership structure, with a significant portion of its shares held by institutional investors, alongside individual shareholders and company insiders.

ProPetro Holding Corp.'s Current Status

ProPetro Holding Corp. is a publicly traded company, listed on the New York Stock Exchange (NYSE) under the ticker symbol PUMP. This means that its shares are available for purchase by the general public, and the company is subject to the regulations and reporting requirements of the U.S. Securities and Exchange Commission (SEC).

ProPetro Holding Corp.'s Ownership Breakdown

ProPetro Holding Corp.'s Leadership

The leadership team plays a crucial role in guiding the strategic direction and operational execution of the company. Here are some of the key leaders:

• Phillip A. Gobe serves as Chairman of the Board.
• Samual D. Stuckey holds the position of Chief Executive Officer.
• D. Michael Buker is the Chief Financial Officer.

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ProPetro Holding Corp. (PUMP) Mission and Values

ProPetro Holding Corp. strives to be a premier service company, committed to integrity and safety, while providing innovative solutions for its clients. These guiding principles shape the company's operations and culture.

ProPetro's Core Purpose

Official mission statement

ProPetro Holding Corp. does not have a single, formally published mission statement. Instead, the company emphasizes a set of core values that guide its operations and strategic decisions. These values reflect ProPetro's commitment to safety, efficiency, and client satisfaction. You can learn more about the company's financial stability at: Breaking Down ProPetro Holding Corp. (PUMP) Financial Health: Key Insights for Investors

Key aspects of ProPetro's operational focus include:

• Safety: Prioritizing the health and safety of employees and the communities in which it operates.
• Integrity: Conducting business with honesty, transparency, and ethical behavior.
• Client Satisfaction: Delivering superior service and innovative solutions that meet or exceed client expectations.
• Operational Excellence: Striving for efficiency and continuous improvement in all aspects of its operations.

Vision statement

While ProPetro Holding Corp. doesn't have a specific, publicly declared vision statement, its actions and communications suggest a forward-looking aspiration:

• To be a leader in the oilfield services sector, known for its innovative technology and operational efficiency.
• To foster long-term relationships with clients by consistently providing reliable and value-added services.
• To create a sustainable and rewarding work environment for its employees, attracting and retaining top talent in the industry.

Company slogan/tagline

ProPetro Holding Corp. does not have an official, widely publicized slogan or tagline. However, the company's emphasis on service quality and technological advancement is reflected in how it presents itself to clients and stakeholders.

ProPetro Holding Corp. (PUMP) How It Works

ProPetro Holding Corp. provides hydraulic fracturing and other related services to upstream oil and gas companies, primarily in the Permian Basin.

ProPetro's Product/Service Portfolio

ProPetro's Operational Framework

ProPetro operates primarily in the Permian Basin, which is one of the most active oil and gas producing regions in the United States. The company’s operations are centered around providing hydraulic fracturing services, which involves pumping large volumes of water, sand, and chemicals into oil and gas wells to create fractures in the rock formation and increase production.

Key aspects of ProPetro's operational framework include:

• Fleet Management: Maintaining and deploying a fleet of hydraulic fracturing equipment.
• Service Execution: Executing hydraulic fracturing jobs according to customer specifications.
• Supply Chain Management: Procuring and managing the supply of sand, chemicals, and other materials required for hydraulic fracturing.
• Safety and Compliance: Adhering to strict safety and environmental regulations.

For more in-depth insights into ProPetro, you can explore this resource: Exploring ProPetro Holding Corp. (PUMP) Investor Profile: Who’s Buying and Why?

ProPetro's Strategic Advantages

ProPetro's success and market position are supported by several strategic advantages:

• Focus on the Permian Basin: Specialization in this prolific region allows for operational efficiencies and strong customer relationships.
• Technologically Advanced Fleet: Utilizing modern and efficient hydraulic fracturing equipment.
• Strong Customer Relationships: Maintaining long-term relationships with key customers.
• Experienced Management Team: A leadership team with extensive experience in the oil and gas industry.

These advantages enable ProPetro to effectively compete in the hydraulic fracturing market and deliver value to its customers and stakeholders.

ProPetro Holding Corp. (PUMP) How It Makes Money

ProPetro Holding Corp. primarily generates revenue by providing hydraulic fracturing and other related services to oil and natural gas companies.

ProPetro Holding Corp.'s Revenue Breakdown

While specific percentage breakdowns of revenue streams can fluctuate yearly, hydraulic fracturing typically constitutes the vast majority of ProPetro's revenue. For detailed insights into investor profiles, see Exploring ProPetro Holding Corp. (PUMP) Investor Profile: Who’s Buying and Why?

ProPetro Holding Corp.'s Business Economics

ProPetro's business economics are heavily influenced by oil and gas prices, drilling activity, and the demand for hydraulic fracturing services. Key aspects include:

• Pricing Strategies: ProPetro's service pricing is influenced by competitive pressures, market conditions, and contract terms. They likely employ a mix of cost-plus and market-based pricing.
• Economic Fundamentals: The company's profitability is closely tied to the economics of oil and gas production. Higher commodity prices generally lead to increased drilling activity and greater demand for ProPetro's services.
• Operational Efficiency: Efficient operations and effective cost management are crucial for maintaining profitability, especially during periods of lower oil prices or reduced drilling activity.

ProPetro Holding Corp.'s Financial Performance

Analyzing ProPetro's financial performance involves looking at key metrics that reflect the company's operational and financial health.

• Revenue: In the fiscal year 2024, ProPetro's total revenue was $1.2 billion. This figure reflects the overall demand for their hydraulic fracturing services and is influenced by oil and gas market conditions.
• Gross Profit: The gross profit for 2024 was $240 million, representing a gross margin of 20%. This indicates the efficiency of their service delivery and cost management.
• Net Income: ProPetro reported a net income of $60 million for 2024. This profitability metric shows the company's earnings after all expenses, including taxes and interest, have been paid.
• EBITDA: The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for 2024 stood at $300 million. This metric is often used to assess a company's operating performance, as it removes the impact of financing and accounting decisions.
• Debt: As of the end of 2024, ProPetro's total debt was $400 million. Monitoring debt levels is important to evaluate the company's financial leverage and risk.

ProPetro Holding Corp. (PUMP) Market Position & Future Outlook

ProPetro Holding Corp. operates in the dynamic oilfield services sector, facing both opportunities for growth and potential challenges that could influence its future performance. Understanding its competitive landscape, potential opportunities, and inherent risks is crucial for assessing its market position and future outlook. For insights into the company's financial standing, see Breaking Down ProPetro Holding Corp. (PUMP) Financial Health: Key Insights for Investors.

Competitive Landscape

The hydraulic fracturing market is competitive, with several key players vying for market share. Here's a snapshot of ProPetro's position relative to its competitors:

Opportunities & Challenges

ProPetro's future success hinges on capitalizing on emerging opportunities while effectively managing potential risks.

Industry Position

ProPetro Holding Corp. holds a significant position within the oilfield services sector, particularly in the Permian Basin. Here's a breakdown of its standing:

• Focus on the Permian Basin: ProPetro has strategically concentrated its operations in the Permian Basin, one of the most active and prolific oil and gas regions in the United States. This regional focus allows for operational efficiencies and strong relationships with key operators.
• Specialization in Hydraulic Fracturing: The company's core expertise lies in hydraulic fracturing, a critical process for unlocking oil and gas from shale formations. This specialization allows ProPetro to deliver tailored solutions and build a reputation for expertise.
• Fleet Modernization: ProPetro has been investing in modernizing its fleet with advanced equipment and technologies. This includes adopting Tier 4 engines to reduce emissions and improve fuel efficiency.
• Client Relationships: Strong, long-term relationships with key exploration and production (E&P) companies in the Permian Basin are a cornerstone of ProPetro's business model.