EarningsQ2 2026 Earnings Report
DE:2PG Q2 2026 EPS Results
Actual EPS-€0.06
Consensus EPS>-€0.01
Beat/MissMissed by -€0.05
One Year Ago EPS-€0.02
DE:2PG Q2 2026 Revenue Results
Actual Revenue€269.96M
Expected Revenue€268.79M
Beat/MissBeat by +€1.17M
YoY Revenue Growth-6.24%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
DE:2PG Upcoming Earnings
Propetro Holding's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:2PG Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational and financial momentum: sequential revenue (+13%) and adjusted EBITDA (+23%) growth, a large improvement in operating cash flow, robust liquidity, and meaningful commercial and operational progress at PROPWR (350 MW committed, live 60 MW data center deployment, positive recent EBITDA). These positives are tempered by a larger net loss, quarter-specific operational disruptions (weather, downtime, fleet stand-up), lease expense for electric fleets (~$16M), longer-than-expected data center contracting timelines, and timing shifts on some buyouts. On balance, management portrays improving market fundamentals, tight industry supply supporting pricing, and a well-funded plan to scale PROPWR while preserving balance sheet strength.Company Guidance
Revenue Growth
Total revenue of $306 million in Q2 2026, a sequential increase of 13% versus the prior quarter.
Adjusted EBITDA Expansion
Adjusted EBITDA was $45 million (15% of revenue), up 23% sequentially, demonstrating improved underlying profitability.
Material Operating Cash Improvement
Net cash provided by operating activities was $66 million versus $3 million in the prior quarter, a very large sequential improvement driven by higher adjusted EBITDA and working capital tailwinds.
Strong Liquidity and Financing Position
Cash and cash equivalents of $784 million and total liquidity of $905 million at quarter end. Management has raised ~ $1.5 billion over the past 18 months (including $690 million convertible notes at 0% coupon with no dilution until $29.49), and a $167 million upsized Caterpillar financing facility in place.
PROPWR Commercial and Operational Momentum
Committed power generation capacity increased from ~240 MW to 350 MW (+110 MW, ~46% increase). PROPWR produced positive EBITDA in each of the final two months of the quarter and has live assets operating on a 60 MW data center project meeting performance obligations. Advanced negotiations exist for an additional >100 MW.
CapEx Guidance Updated and Visibility
Full-year 2026 capital expenditures incurred now expected to be $525 million–$595 million (down from $540 million–$610 million prior guide). Completions CapEx expected $125 million–$145 million (reduced), while PROPWR CapEx remains ~$400 million–$450 million. Unit cost guidance of ~$1.4M–$1.5M per MW unchanged.
Completions Market Tightening and Fleet Plans
Active fleet count increased from 11 to 12; plan to activate a 13th fleet late in Q3. Management estimates Permian operating fleet count in the mid-70s and notes industry-wide tightness (next-generation gas fleets effectively sold out), supporting improving pricing momentum and contract re-pricing opportunities.
Service Line Strength
Cementing inflecting with rig count improvement and wireline (Silvertip) showing near-full utilization and strong pricing — identified as bright spots across OFS lines.
DE:2PG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed