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ProPetro Holding Corp. reports news about its completion-services business and the expansion of its PROPWR power generation division. The company provides premium completion services to upstream oil and gas operators developing North American unconventional resources, with a history of hydraulic fracturing activity centered on the Permian Basin.
Recurring updates include quarterly operating results, fleet utilization, FORCE electric fleet execution, gas-to-power solutions for oil and gas, data center and industrial customers, equipment purchases, lease and debt financing, convertible note activity, and supplier or customer agreements supporting power generation capacity.
ProPetro (NYSE: PUMP) reported second quarter 2026 revenue of $306 million, up 13% from $271 million in the prior quarter, driven by higher completions utilization and incremental PROPWR deployments. Net loss widened to $8 million (–$0.07 per diluted share) from a $4 million loss.
Adjusted EBITDA rose to $45 million (15% margin), up 23% sequentially. The completions business generated $51 million of Free Cash Flow. Operating cash flow improved to $66 million, while capital expenditures paid were $61 million and incurred were $71 million, largely for PROPWR growth.
PROPWR contracted power generation capacity increased by about 110 megawatts to approximately 350 megawatts, including projects for a leading Permian upstream operator and an industrial customer, with assets now operating at a Midwest hyperscaler data center. Liquidity totaled $905 million, including $784 million in cash, supported by a recent $690 million 0% convertible notes offering.
For full-year 2026, ProPetro expects capital expenditures incurred of $525–$595 million, including $125–$145 million for completions (reduced from prior guidance) and $400–$450 million for PROPWR, and plans to activate a thirteenth frac fleet later in the third quarter.
ProPetro (NYSE: PUMP) will release its second quarter 2026 earnings before the market opens on Wednesday, July 29, 2026. On the same day, the company will host a conference call at 8:00 AM Central Time to discuss the quarterly results.
According to ProPetro, U.S. participants can join the call by dialing 800-715-9871, while international callers can dial +1-646-307-1963, and are advised to connect ten minutes early. The call will also be webcast on the company’s website, www.propetroservices.com. A replay will be available for one week via +1-800-770-2030 (U.S. and Canada) and +1-609-800-9909 (international), using access code 2048240.
ProPetro (NYSE: PUMP) priced an upsized private offering of $600 million 0.00% convertible senior notes due Nov 15, 2031, up from $500 million, settling May 7, 2026. Net proceeds are estimated at $581.3 million (or ~$668.6 million if option exercised).
Initial conversion rate is 43.1616 shares/$1,000 (conversion price ≈ $23.17), versus last sale price of $16.85. ProPetro will use ~$32.0 million to fund capped call transactions (cap ≈ $29.49). Notes are senior unsecured, convertible beginning on certain events and freely convertible from Aug 15, 2031.
ProPetro (NYSE: PUMP) announced a proposed private offering of $500,000,000 aggregate principal amount of convertible senior notes due November 15, 2031, with an initial purchaser option for an additional $75,000,000. A portion of proceeds will fund capped call transactions; remainder for general corporate purposes, including growth capital for additional power generation equipment. Notes will be senior unsecured, accrue semi-annual interest, be convertible under specified conditions, and may be redeemed or repurchased subject to stated terms.
ProPetro (NYSE: PUMP) reported Q1 2026 results: revenue $271M (down 7% QoQ), net loss $4M (loss $0.03/diluted share), and Adjusted EBITDA $36M (13% of revenue; down 29% QoQ). Cash and equivalents were $157M with total liquidity of $289M. Q1 capex paid was $43M, incurred $85M. PROPWR secured a framework agreement with Caterpillar for up to ~2.1 GW additional capacity, positioning PROPWR for ~2.6 GW by year-end 2031. Full-year 2026 capex guidance increased to $540M–$610M.
ProPetro (NYSE: PUMP) said PROPWR reached a strategic framework agreement with Caterpillar (NYSE: CAT) to purchase at least 1.5 GW of incremental power generation assets, with an option to reach ~2.1 GW over five years. Combined with ~550 MW previously ordered, PROPWR targets ~2.6 GW delivered by year-end 2031 and fully deployed in 2032. Funding is planned from ProPetro free cash flow, growth in the power segment, and flexible financing; a recent equity offering strengthened the balance sheet and liquidity.
ProPetro (NYSE: PUMP) updated the timing for its Q1 2026 earnings release and conference call.
The company will issue its earnings release Thursday, April 30, 2026 before market open and host a conference call that day at 10:00 AM Central Time. Dial-in and webcast details are provided, and a one-week replay will be available with access code 9101849.
ProPetro (NYSE: PUMP) will release its first quarter 2026 earnings on Wednesday, April 29, 2026 before market open and host a conference call the same day at 8:00 AM Central Time.
U.S. and international dial-in numbers, a live webcast on the company website, and a one-week replay with access code 9101849 are provided for investor access.
Eldridge closed a $350 million lease facility with ProPetro Energy Solutions d/b/a PROPWR, a subsidiary of ProPetro Holding Corp (NYSE: PUMP). The facility funds acquisition of high-efficiency natural gas generators and modular turbines to support PROPWR’s target of 750 megawatts by 2028.
Since 2025 Eldridge has committed more than $2 billion across 2.4 gigawatts in power; Eldridge has originated over $17 billion of asset-based transactions since 2015 and operates the largest private equipment finance platform in North America as of 2026.
ProPetro (NYSE: PUMP) reported full-year 2025 revenue of $1.3 billion and net income of $1 million (diluted EPS $0.01). Adjusted EBITDA was $208 million and Free Cash Flow for the Completions business was $190 million. PROPWR orders total ~550 MW with committed capacity ≈240 MW. The company completed a $163 million equity offering and secured expanded financing, including a $350 million lease facility. 2026 capex guidance is $390–435 million, including PROPWR spending of $250–275 million.