ProPetro (NYSE:PUMP) Posts Earnings Results

ProPetro (NYSE:PUMP) issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09, Zacks reports. ProPetro had a negative return on equity of 1.43% and a negative net margin of 1.05%.The company had revenue of $270.69 million for the quarter, compared to analyst estimates of $277.49 million. During the same quarter in the prior year, the company posted $0.09 EPS. The business’s revenue for the quarter was down 24.6% compared to the same quarter last year.

Here are the key takeaways from ProPetro’s conference call:

• ProPetro announced a strategic framework agreement with Caterpillar securing up to ~2.1 GW of additional ProPWR capacity (bringing total expected capacity to ~2.6 GW by year-end 2031), materially expanding its power-as-a-service backlog and addressable market.
• Management raised full-year 2026 capital expenditure guidance to $540–$610 million (up from $390–$435M), driven largely by ~ $400–$450M of ProPWR equipment spending, increasing near?term funding needs despite available financing tools.
• The completions business showed resilience—Q1 revenue of $271M and Adjusted EBITDA of $36M—while company highlights structural market tightening (attrition of smaller competitors and very limited spare frac capacity) that could support improved pricing and utilization over time.
• Fleet positioning is a competitive strength: ~75% of the fleet is next?generation (Tier IV DGB dual?fuel and FORCE electric), next?gen fleets are currently sold out, ProPetro expects to run ~12 fleets in Q2, and plans to buy out five FORCE electric leases to reduce future lease expense and increase commercial flexibility.

ProPetro Trading Up 0.3%

NYSE PUMP traded up $0.04 on Monday, reaching $15.30. The company had a trading volume of 5,119,188 shares, compared to its average volume of 3,772,332. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of -139.11 and a beta of 0.70. ProPetro has a fifty-two week low of $4.51 and a fifty-two week high of $18.50. The business has a 50 day moving average of $15.51 and a two-hundred day moving average of $12.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.64 and a quick ratio of 1.57.

Analysts Set New Price Targets

A number of analysts have recently commented on PUMP shares. The Goldman Sachs Group initiated coverage on shares of ProPetro in a research report on Friday, April 10th. They issued a “neutral” rating and a $15.00 price objective on the stock. Barclays upgraded shares of ProPetro from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $14.00 to $23.00 in a research note on Thursday, May 7th. Citigroup boosted their price target on shares of ProPetro from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Weiss Ratings downgraded shares of ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Finally, Piper Sandler raised their price objective on ProPetro from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ProPetro currently has an average rating of “Moderate Buy” and an average target price of $16.50.

Institutional Trading of ProPetro

A number of institutional investors have recently bought and sold shares of PUMP. Invesco Ltd. raised its position in shares of ProPetro by 23.4% in the fourth quarter. Invesco Ltd. now owns 407,031 shares of the company’s stock valued at $3,871,000 after purchasing an additional 77,088 shares during the period. XTX Topco Ltd grew its stake in ProPetro by 52.1% in the 4th quarter. XTX Topco Ltd now owns 178,056 shares of the company’s stock valued at $1,693,000 after buying an additional 60,997 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in ProPetro during the 4th quarter valued at $1,235,000. Valiant Capital Management L.P. bought a new stake in ProPetro during the 4th quarter valued at $34,890,000. Finally, Tudor Investment Corp ET AL lifted its position in shares of ProPetro by 41.6% during the fourth quarter. Tudor Investment Corp ET AL now owns 616,216 shares of the company’s stock worth $5,860,000 after acquiring an additional 181,113 shares in the last quarter. Institutional investors own 84.70% of the company’s stock.

ProPetro Company Profile

ProPetro Holding Corp is a publicly traded oilfield services company that specializes in hydraulic fracturing and well completion solutions for exploration and production operators. Headquartered in Midland, Texas, the company delivers a comprehensive suite of pressure pumping services designed to optimize reservoir stimulation and enhance hydrocarbon recovery. Its integrated approach encompasses well design, proppant selection, fluid systems and pressure management to support clients’ development targets across unconventional plays.

The company’s core offerings include high-pressure fracturing, coiled tubing, cementing, acidizing and flowback services, all supported by in-house logistics and digital monitoring tools.