Every 8-K that ProPetro Holding Corp. (PUMP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PUMP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PUMP filings page.
ProPetro Holding Corp. (PUMP) announced that its PROPWR division has signed new long‑term power contracts committing approximately 230 megawatts of generation capacity to a subsidiary of Targa Resources Corp. With these agreements, PROPWR now has approximately 510 MW of capacity committed under contract, reflecting a recontracting of previously committed oil and gas power capacity. The redeployed capacity supports Targa’s natural gas processing infrastructure in the Permian Basin and is expected to be fully deployed by early 2028. The transaction also frees up additional megawatts that PROPWR may allocate to potential data center deployments in 2027 and beyond, aligning the business with rising LNG export and data center‑driven power demand.
ProPetro Holding Corp. (PUMP) reported that Chief Accounting Officer and principal accounting officer Celina Davila notified the company on September 16, 2026 of her intention to resign, effective October 30, 2026.
The company states that her resignation is not due to any disagreement regarding operations, policies, accounting principles, financial statement disclosure, or internal control over financial reporting. After that date, Chief Financial Officer Caleb Weatherl will also serve as interim principal accounting officer while the company searches for a new Chief Accounting Officer. The company is not entering into or amending any compensatory arrangements with Weatherl in connection with this interim role and discloses no related-party relationships or transactions requiring additional disclosure.
ProPetro Holding Corp. reported second‑quarter 2026 revenue of $306 million, up 13% from $271 million in the prior quarter, driven by higher completions utilization and additional PROPWR deployments. Net loss was $8 million, or $0.07 per diluted share, while Adjusted EBITDA rose to $45 million, 15% of revenue.
Net cash provided by operating activities improved to $66 million from $3 million, supporting $51 million of Free Cash Flow for the completions business. As of June 30, 2026, cash and equivalents were $784 million and total liquidity was $905 million, supported by a $690 million 0% convertible senior notes offering and expanded Caterpillar equipment financing capacity.
The PROPWR power business now has approximately 350 megawatts of capacity committed under contract and a strategic framework with Caterpillar for up to 2.1 additional gigawatts, positioning total planned power capacity at about 2.6 gigawatts by year‑end 2031. For 2026, capital expenditures incurred are expected between $525 million and $595 million, including $125–$145 million for the completions business and $400–$450 million for PROPWR, and the company plans to activate a thirteenth frac fleet toward the end of the third quarter.
ProPetro Holding Corp. announced that Alex V. Volkov resigned from its Board of Directors, effective May 28, 2026. Volkov had been nominated under an Investor Rights Agreement with Pioneer Natural Resources Pumping Services LLC, an indirect wholly owned subsidiary of Exxon Mobil Corporation.
After his resignation, the company reduced the Board size from eight to seven directors. Volkov’s departure followed Pioneer’s sale of all its remaining ProPetro shares on May 20, 2026, and the filing states his resignation was not due to any disagreement with management or the Board. Following that sale, Pioneer no longer holds rights to designate nominees for election to the Board.
ProPetro Holding Corp. updated its 2020 Long Term Incentive Plan after shareholder approval at the 2026 annual meeting. The amended plan increases the share pool for equity awards by 3,540,000 shares of common stock, raising total shares available from 10,520,000 to 14,060,000 and extending the plan term to the tenth anniversary of the 2026 meeting.
The plan continues to allow a wide range of stock-based and cash awards for employees, non-employee directors, and other service providers, while keeping a $500,000 annual compensation cap per non-employee director. Stockholders also elected eight directors, approved executive compensation on an advisory basis, and ratified RSM US LLP as auditor for 2026.
ProPetro Holding Corp. completed a private offering of $690 million of 0.00% convertible senior notes due 2031 and amended its asset-based credit facility to increase borrowing capacity and extend its maturity. The notes are senior unsecured obligations that may be settled in cash, stock, or a combination at conversion.
The initial conversion rate is 43.1616 shares per $1,000 principal amount (conversion price about $23.17 per share, a 37.5% premium to the $16.85 stock price on May 4, 2026). ProPetro also entered into capped call transactions, paying about $36.8 million to raise the effective conversion cap to an initial price of approximately $29.49 per share, and increased revolving credit commitments to $350 million under the amended ABL facility.
ProPetro Holding Corp. plans a private offering of $500,000,000 aggregate principal amount of convertible senior notes due 2031 to qualified institutional buyers, with an option for initial purchasers to buy up to an additional $75,000,000 of notes. The notes are senior, unsecured, pay semi-annual interest, are convertible into cash, common stock, or both, and are redeemable from May 15, 2029 if the share price exceeds 130% of the conversion price. A portion of proceeds will fund capped call transactions designed to limit dilution, with the remainder directed to general corporate purposes, including growth capital for additional power generation equipment. Substantially contemporaneously with pricing, ProPetro will amend its ABL credit facility, extending the maturity to May 2031, increasing revolving commitments to $350 million with an accordion up to the greater of $150 million or excess borrowing base, and adding power generation equipment to the borrowing base. As of May 1, 2026, ProPetro held $154 million in cash and cash equivalents and reported an ABL borrowing base of approximately $150.8 million.
ProPetro Holding Corp. entered a large power-equipment deal and reported weaker quarterly results. Its PROPWR subsidiary signed a Global Framework Agreement with Caterpillar, under which Caterpillar will reserve about 1.5 gigawatts of power generation capacity and ProPetro committed to a minimum aggregate purchase of approximately $1.1 billion, with an option for roughly 600 additional megawatts through 2031.
For the first quarter of 2026, revenue was $271 million, down 7% from the prior quarter, and the company posted a net loss of $3.6 million, or $0.03 per diluted share, versus a small profit previously. Adjusted EBITDA fell to $36 million, or 13% of revenue, reflecting weather-driven utilization issues. ProPetro ended the quarter with $157 million in cash and $289 million of total liquidity, while capital expenditures incurred rose to $85 million, mostly for PROPWR. Management now expects full-year 2026 capital expenditures incurred of $540–$610 million, including $140–$160 million for the completions business and about $400–$450 million for PROPWR, driven by the Caterpillar framework agreement.
ProPetro Holding Corp. reported modest profitability for 2025 while ramping investment in its new PROPWR power business. Full-year 2025 revenue was $1.27 billion, with net income of $0.8 million and Adjusted EBITDA of $208 million. The legacy completions business generated strong Free Cash Flow for Completions Business of $190 million, including $98 million in the fourth quarter.
Fourth-quarter 2025 revenue was $290 million with net income of $0.7 million and Adjusted EBITDA of $51 million, or 18% of revenue. As of December 31, 2025, liquidity was $205 million, rising to $325 million by January 31, 2026, helped by an equity offering that raised approximately $163 million in net proceeds.
PROPWR has approximately 240 megawatts of committed capacity and about 550 megawatts of equipment delivered or on order at an average cost of roughly $1.1 million per megawatt. The company targets at least 750 megawatts deployed by year-end 2028 and one gigawatt or more by 2030. For 2026, ProPetro guides to capital expenditures of $390–$435 million, including $140–$160 million for completions and $250–$275 million for PROPWR, and expects PROPWR to begin delivering meaningful earnings in the second half of 2026.
ProPetro Holding Corp., through its subsidiary ProPetro Energy Solutions, LLC, entered into a First Amendment to its Master Loan and Security Agreement with Caterpillar Financial Services Corporation. The amendment increases funds available under the agreement by an additional $53,550,000 in equipment loans to finance turbine generator sets and related auxiliary equipment.
Each equipment loan begins as a floating-rate interim note and, after specified milestones, converts to a separate fixed-rate term note. These notes are secured by a first lien on the financed equipment and related proceeds and are fully and unconditionally guaranteed by ProPetro Holding Corp. and ProPetro Services, Inc. The agreement includes customary covenants limiting further encumbrances on the collateral.
ProPetro Holding Corp. is raising equity capital through an underwritten public offering of its common stock. The company priced 15,000,000 shares at $10.00 per share, using an existing shelf registration on Form S-3.
Underwriters led by Goldman Sachs & Co. LLC agreed to purchase the shares under an underwriting agreement dated January 26, 2026. ProPetro expects net proceeds of approximately $141,875,000 from the base deal and plans to use the funds for general corporate purposes, including growth capital for additional power generation equipment.
The company granted a 30-day option for underwriters to buy up to 2,250,000 additional shares at the public offering price less underwriting discounts. This option was exercised in full on January 27, 2026, with additional expected net proceeds of approximately $21.4 million, with closing expected on or about January 28, 2026.
ProPetro Holding Corp. filed an 8-K outlining preliminary 2025 results and plans for a significant equity raise. For the quarter ended December 31, 2025, it estimates revenue of about $289–$291 million, capital expenditures incurred of $70–$72 million, and capital expenditures paid of $63–$65 million. For full year 2025, it projects revenue of roughly $1,269–$1,271 million, cost of services of $967–$969 million, and general and administrative expenses of $92–$94 million, plus about $15 million of stock-based compensation and other non‑recurring items.
As of December 31, 2025, ProPetro held approximately $91 million in cash and cash equivalents, with about $78 million outstanding under a Caterpillar equipment loan and $45 million drawn on its revolving credit facility, against a borrowing base of around $168 million. The company plans an underwritten public offering of 12,500,000 common shares, with a 30‑day option for underwriters to buy up to 1,875,000 additional shares. It also highlights growth in its Permian Basin power business, with about 230 MW of committed capacity on roughly five‑year contracts and total delivered or on‑order generation capacity of about 550 MW.
ProPetro Holding Corp. disclosed new financing arrangements to support equipment purchases and leasing. Effective December 26, 2025, the company amended its Amended and Restated Credit Agreement to increase the debt basket for capital leases, purchase money debt, and similar financing facilities to $425 million, expanding permitted capacity for these types of obligations.
On December 29, 2025, subsidiary ProPetro Energy Solutions, LLC entered into an Interim Funding Agreement and a Master Lease Agreement with Stonebriar Commercial Finance LLC for the right, but not the obligation, to fund up to $350 million of power generator equipment purchases. Stonebriar will provide funding for down and progress payments, then convert funded amounts into 84‑month lease schedules once equipment is delivered and accepted. Lease payments are tied to equipment cost and a lease rate based on 1‑Month SOFR plus 6.25%, and ProPetro Energy Solutions will have early termination and purchase options that can transfer legal title to the equipment.
ProPetro Holding Corp. announced that its wholly owned subsidiary, ProPetro Energy Solutions, LLC (PROPWRSM), has entered into a contract to supply power to a subsidiary of Coterra Energy Inc. in the New Mexico portion of the Permian Basin. This agreement links ProPetro’s power services to a major operator in one of the most active oil and gas regions in the United States.
To support this new power-supply contract and related activity, ProPetro has placed orders for an additional 190 megawatts of equipment. Expanding its equipment base at this scale suggests a meaningful commitment to growing its power solutions footprint alongside its existing oilfield services presence in the Permian Basin.
ProPetro Holding Corp. (PUMP) furnished an update on its business by announcing financial and operational results for the quarter ended September 30, 2025. The company released a press release and made an investor presentation and management commentary available, aligning the materials with its Q3 2025 results.
The press release is furnished as Exhibit 99.1, the investor presentation as Exhibit 99.2, and the commentary as Exhibit 99.3. These items are described as “furnished,” not “filed,” and are therefore not subject to Section 18 liabilities of the Exchange Act. ProPetro also posted the presentation and commentary on its investor relations website. The report was signed by the Chief Financial Officer, Caleb L. Weatherl, on October 29, 2025.
ProPetro Holding Corp. (PUMP) disclosed that its wholly owned subsidiary, ProPetro Energy Solutions, LLC (PROPWRSM), entered into a long-term contract to supply power to a data center operator in the Midwest. The company announced the agreement on October 27, 2025 under a Regulation FD disclosure.
The announcement was furnished with a press release as Exhibit 99.1. No financial terms, counterparties, or capacity details were included in the disclosure.
ProPetro Holding Corp. (NYSE: PUMP) filed a Form 8-K to announce a key executive change. Effective 14 July 2025, Caleb L. Weatherl (age 38) will become Chief Financial Officer, succeeding Celina A. Davila as the company’s principal financial officer after the June-quarter 10-Q is filed. Ms. Davila will remain Chief Accounting Officer.
Mr. Weatherl brings more than a decade of senior leadership experience in upstream oil & gas, including prior roles as CEO of Garrison Energy (May 2023–Sep 2024) and President/CFO of Stronghold Energy II (Dec 2017–Oct 2022). He holds both an A.B. in economics and an MBA from Harvard.
The Compensation Committee approved the following terms:
- Annual base salary: $525,000
- Target annual cash bonus: 90 % of base salary under the Executive Incentive Bonus Plan
- Equity grant on appointment: 100,482 restricted stock units and 100,482 performance share units under the 2020 LTIP
- Participation in Vehicle Allowance Program, reimbursement of certain club dues, standard executive benefits
- Designation as a Tier 2 Executive under the Executive Severance Plan
ProPetro also executed an Indemnification Agreement offering the maximum protection allowed under Delaware law. A press release dated 14 July 2025 (Exhibit 99.1) publicly disclosed the appointment.
No family relationships or selection arrangements were reported. All other disclosure items (Reg FD, exhibits) are routine.