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 (PUMP) reported third-quarter 2026 revenue of $355 million, up 16% from the prior quarter, and returned to profitability. Net income was $13 million, or $0.09 per diluted share, versus a second-quarter loss of $8 million. Adjusted EBITDA, a non-GAAP earnings measure, rose 33% to $60 million. Operating cash flow fell to $46 million from $66 million.
PROPWR generated approximately $8 million of adjusted EBITDA and had approximately 510 megawatts under contract, including approximately 230 megawatts with Targa. ProPetro expects approximately 250–275 megawatts deployed by year-end 2026 and more than 500 megawatts by early 2028. Quarter-end liquidity was $934 million following convertible-note financing. The company anticipates 2026 capital expenditures incurred of $525–$575 million, higher PROPWR spending in 2027, and fourth-quarter completions pressure from holiday slowdowns and rebuilding costs.
ProPetro (NYSE: PUMP) appointed Kyle Crowley as an independent director on its board, effective October 16, 2026.
Crowley brings more than 30 years of power and energy industry experience, including over two decades at Exelon, where he led corporate development, corporate finance, and generation, renewables and transmission development. ProPetro said his experience in power markets, capital allocation and transaction execution supports its plans to continue growing its PROPWR business.
ProPetro (PUMP) will release its third-quarter 2026 earnings on October 28, 2026, before trading opens, followed by a conference call. The call will begin at 8:00 AM Central Time that day to discuss the results and will be webcast on the company’s website. A replay will be available for one week following the call.
ProPetro (PUMP), through its PROPWR unit, signed new long-term power contracts with a Targa Resources subsidiary, committing approximately 230 megawatts of generation capacity.
With these agreements, PROPWR now has about 510 MW of capacity under contract, reflecting recontracted oil and gas power capacity. The behind-the-meter power will support Targa’s natural gas processing infrastructure growth in the Permian Basin, with full deployment targeted for early 2028, and is expected to leave additional capacity available for potential data center deployments from 2027 onward.
ProPetro (NYSE: PUMP) announced that its common stock is now dually listed on NYSE Texas, a new fully electronic equities exchange headquartered in Dallas, Texas. The company emphasized that this step reflects its commitment to Texas and the state’s energy industry.
ProPetro will maintain its primary listing on the New York Stock Exchange and will trade under the same “PUMP” ticker symbol on NYSE Texas.
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.