PUMP
ProPetro Holding Corp.9.52
-0.67-6.58%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
PROPWR eyes 200MW annual contracts
Q&A added color to PROPWR's ramp, with management targeting ~200MW annual contracts—mirroring year-one pace—to hit 1GW by 2030, while eyeing chunkier data center deals to accelerate the mix toward non-oil/gas. Frac attrition talk sharpened: Permian unlikely to regain 90-100 fleets, leaving ProPetro's electric, direct drive pilots, and automation upgrades well-positioned. Power gear may cost more for larger data center configs, but returns hold steady. Customer fuel shifts slowed; wireline grabbed share, cementing trails rigs. No walk-backs. Crisp answers signal execution focus. Frac fleets won't easily rebound. Watch PROPWR diversification.
Key Stats
Market Cap
989.91MP/E (TTM)
-Basic EPS (TTM)
-0.17Dividend Yield
0%Recent Filings
10-K
FY2025 results
ProPetro's FY2025 revenue fell 12% y/y to $1.27B amid Permian rig count drop from 304 to 247 ends and WTI averaging $65/bbl versus $76 prior year, with Hydraulic Fracturing down 15% to $929M on lower activity and pricing yet full-year AquaProp contribution. Q4 saw sequential fleet idling to 11 from year-start 15 amid seasonal weakness and customer budget exhaustion, but Power Generation launched with $1.5M revenue and 550MW capacity on order. Adjusted EBITDA slid 26% to $208M (16% margin), reflecting cost discipline against inflation. Liquidity stood at $205M with $123M debt; $89M remains for buybacks through 2026. Permian concentration risks quarterly momentum.
8-K
Q4 EBITDA jumps 45%
ProPetro reported Q4 revenue of $290 million and full-year $1.3 billion, with net income $1 million and Adjusted EBITDA $51 million (up 45% QoQ). Completions generated $98 million free cash flow, funding PROPWR expansion to 550 megawatts on order. Cash flow powers growth. 2026 capex guides $390-435 million, prioritizing PROPWR scaling amid Permian slowdown.
8-K
Expands equipment loan by $53.55M
ProPetro amended its master loan agreement with Caterpillar Financial on February 6, 2026, boosting availability by $53.55 million for turbine generator sets and auxiliary equipment. Loans fund 85% of purchase prices, secured by equipment with parent guarantees. Total facility now spans original $103.7 million plus new tranche. Cross-defaults apply across tranches.
8-K
ProPetro prices upsized stock offering
ProPetro priced an upsized public offering of 15 million common shares at $10.00 each on January 27, 2026, expecting $141.9 million in net proceeds; underwriters exercised their full option for 2.25 million more shares, adding $21.4 million. Funds target general corporate purposes, including growth capital for power generation equipment. Offering closes January 28. Lock-up restricts share sales for 60 days.
8-K
Stock offering for power growth
ProPetro launched its common stock offering of 12.5 million shares on January 26, 2026, to fund PROPWR power generation growth, alongside preliminary Q4 revenue of $289-291 million and full-year $1,269-1,271 million. PROPWR secured 230 MW committed capacity over five years, with 550 MW total on hand. Cash stands at $91 million. Deployment starts Q1 2026.
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