ProPetro (NYSE:PUMP) Issues Earnings Results

ProPetro (NYSE:PUMP) released its earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.10, Zacks reports. The company had revenue of $355.38 million for the quarter, compared to analysts’ expectations of $320.44 million. ProPetro had a net margin of 0.16% and a return on equity of 0.21%. ProPetro’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.02) EPS.

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

• Third-quarter results improved materially: revenue rose 16% sequentially to $355 million, net income reached $13 million, and adjusted EBITDA increased 33% to $60 million, supported by higher completions utilization and PROPWR deployments.
• PROPWR generated approximately $8 million of adjusted EBITDA and increased contracted capacity to roughly 510 megawatts after the Targa award; management expects deployments to reach 250–275 megawatts by year-end 2026 and more than 500 megawatts by early 2028.
• PROPWR’s data-center pipeline remains active, with several hundred megawatts in advanced negotiations, but contract timelines are lengthening as counterparties negotiate risk-sharing, scope, and long-term commitments. Management expects 2027 earnings growth to be weighted toward the second half as larger projects come online.
• The completions fleet is essentially sold out at 13 active fleets, while Permian supply remains constrained and pricing momentum is emerging, particularly for natural-gas-burning equipment. More than two-thirds of active horsepower is contracted and most agreements renew in the first half of 2027, creating potential repricing upside.
• Completions margins remain pressured by the cost of rebuilding personnel, inventory, maintenance, and equipment capacity, with additional fourth-quarter seasonality expected. The company also plans substantial 2026 PROPWR capital spending, although it ended the quarter with $934 million of total liquidity and no ABL borrowings.

ProPetro Stock Down 2.2%

ProPetro stock traded down $0.17 during midday trading on Friday, hitting $7.70. 2,293,344 shares of the company’s stock were exchanged, compared to its average volume of 4,033,789. The company has a debt-to-equity ratio of 0.83, a quick ratio of 4.00 and a current ratio of 3.49. The company has a market cap of $945.10 million, a PE ratio of -69.59 and a beta of 0.86. The firm has a 50-day moving average of $9.66 and a two-hundred day moving average of $12.54. ProPetro has a 12 month low of $7.01 and a 12 month high of $18.50.

Wall Street Analysts Forecast Growth

PUMP has been the topic of several analyst reports. Wall Street Zen downgraded ProPetro from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Weiss Ratings downgraded ProPetro from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, September 29th. Barclays dropped their price objective on shares of ProPetro from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday. Morgan Stanley cut their price objective on shares of ProPetro from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 14th. Finally, Piper Sandler reduced their target price on shares of ProPetro from $18.00 to $15.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, ProPetro has a consensus rating of “Moderate Buy” and a consensus target price of $14.85.

Insider Buying and Selling at ProPetro

In related news, COO Adam Muñoz sold 70,696 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $11.17, for a total value of $789,674.32. Following the transaction, the chief operating officer owned 148,691 shares in the company, valued at approximately $1,660,878.47. This represents a 32.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director G Lawrence sold 35,831 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $11.16, for a total value of $399,873.96. Following the completion of the sale, the director owned 28,181 shares in the company, valued at $314,499.96. The trade was a 55.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.55% of the stock is currently owned by insiders.

ProPetro Company Profile

ProPetro Holding Corp. is an oilfield services company that provides completion and production services to oil and natural gas exploration and production companies. Its primary offerings include hydraulic fracturing, well stimulation and wireline services used to prepare newly drilled wells for production and support ongoing well operations.

The company operates primarily in the Permian Basin, serving customers in the West Texas and southeastern New Mexico region. ProPetro’s services are focused on unconventional shale and tight-rock wells, where specialized pumping, pressure-control and downhole technologies are used to improve hydrocarbon recovery.

ProPetro was founded in 2007 and is headquartered in Midland, Texas.