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Propetro Holding
(NYSE:PUMP)
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Rating:56Neutral
Price Target:
$10.50
▼(-11.02% Downside)
Action:Reiterated
Date:07/30/26
The score reflects mixed financial performance (ongoing losses and negative free cash flow despite solid operating cash flow and a manageable balance sheet) and weak technicals with the stock trading below key moving averages. These are partially offset by a more upbeat earnings outlook and execution progress (sequential EBITDA/revenue improvement, strong liquidity, and PROPWR momentum), while valuation is hard to assess due to negative earnings and no dividend yield data.
Positive Factors
Strong liquidity
Large cash and liquidity reserves, plus recent capital raises, give ProPetro the financing flexibility to fund PROPWR buildout and fleet investments while absorbing oilfield services cyclicality. This reduces near-term refinancing risk and supports multi‑quarter execution of strategic projects.
Negative Factors
Profitability pressure
Trailing weakness in top-line and a small net loss indicate profitability remains fragile despite decent EBITDA margins. Sustained revenue declines or continued margin compression would delay a reliable earnings recovery and weaken returns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong liquidity
Large cash and liquidity reserves, plus recent capital raises, give ProPetro the financing flexibility to fund PROPWR buildout and fleet investments while absorbing oilfield services cyclicality. This reduces near-term refinancing risk and supports multi‑quarter execution of strategic projects.
Read all positive factors
Propetro Holding Key Performance Indicators (KPIs)
Any
Adjusted EBITDA by Segment
Shows the recurring operating profit for each business line after removing one-off items, highlighting which segments generate cash, where margins are strongest, and how well the company can absorb oilfield activity swings.
Shows the recurring operating profit for each business line after removing one-off items, highlighting which segments generate cash, where margins are strongest, and how well the company can absorb oilfield activity swings.
Data provided by:
The Fly
The FlyPropetro Holding (PUMP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.36B
Dividend YieldN/A
Average Volume (3M)4.20M
Price to Earnings (P/E)―
Beta (1Y)1.06
Revenue Growth-15.14%
EPS Growth92.26%
CountryUS
Employees1,700
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)-0.11
Shares Outstanding122,823,910
10 Day Avg. Volume3,606,281
30 Day Avg. Volume4,195,724
Financial Highlights & Ratios
PEG Ratio-11.97
Price to Book (P/B)1.19
Price to Sales (P/S)0.78
P/FCF Ratio23.24
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$18.57Price Target Upside57.38% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)0.06
Revenue Forecast (FY)$1.23B
Propetro Holding Business Overview & Revenue Model
Company Description
Based in Midland, Texas, ProPetro Holding Corp. is a dedicated provider of oilfield services. The company primarily specializes in hydraulic fracturing, offering essential support for oil and gas exploration and production. Beyond fracturing, its ...
How the Company Makes Money
ProPetro primarily makes money by contracting with oil and gas exploration and production (E&P) companies to perform hydraulic fracturing and associated completion work on wells. Revenue is generated from providing fracturing “crews” (horsepower/e...
Propetro Holding Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
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.Positive Updates
Revenue Growth
Total revenue of $306 million in Q2 2026, a sequential increase of 13% versus the prior quarter.
Negative Updates
Net Loss and Sequential Deterioration
Net loss increased to $8 million (loss per diluted share $0.07) from $4 million (loss per diluted share $0.03) in the prior quarter (net loss doubled sequentially).
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth
Total revenue of $306 million in Q2 2026, a sequential increase of 13% versus the prior quarter.
Read all positive updates
Company Guidance
Management reiterated 2026 financial and operational guidance: full‑year capital expenditures incurred are now expected at $525–$595 million (down from $540–$610M), with completions CapEx of about $125–$145M (vs. prior $140–$160M) and PROPWR CapEx of ~$400–$450M; prior equipment cost guidance of ~$1.4–$1.5M per megawatt (inclusive of balance of plant) and portfolio payback targets of 4–6 years remain unchanged. In Q2 ProPetro reported revenue of $306M (+13% seq.), a net loss of $8M (‑$0.07/sh), adjusted EBITDA of $45M (15% of revenue, +23% seq., including ~$16M of electric fleet lease expense), operating cash flow of $66M, CapEx paid of $61M (CapEx incurred $71M: ~$24M completions, ~$47M PROPWR), cash of $784M and total liquidity of $905M (including $121M ABL availability and $130M drawn under Caterpillar financing, upsized to a $167M cap). PROPWR commercial progress increased contracted capacity from ~240MW to 350MW (including ~110MW across two projects and >100MW in advanced negotiations), the company has ~1.1GW of equipment ordered/delivered toward a multi‑GW target (~2.6GW), PROPWR generated positive EBITDA in the last two months of the quarter and is expected to produce increasingly meaningful earnings in H2‑2026 into 2027. Finally, completions fleets rose from 11 to 12 with a 13th fleet expected to begin contributing late Q3, most active frac horsepower is contracted with renewals over the next 6–9 months, and the Permian fleet count is estimated in the mid‑70s (difficult to exceed mid‑80s without significant new investment).Propetro Holding Financial Statement Overview
Summary
Income Statement
47
Neutral
Balance Sheet
62
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.16B | 1.27B | 1.44B | 1.63B | 1.28B | 874.51M |
| Gross Profit | 96.27M | 126.09M | 167.04M | 317.71M | 268.77M | 78.87M |
| EBITDA | 162.15M | 190.96M | 50.30M | 301.70M | 137.10M | 65.55M |
| Net Income | -13.38M | 824.00K | -137.86M | 85.63M | 2.03M | -54.19M |
Balance Sheet | ||||||
| Total Assets | 2.06B | 1.29B | 1.22B | 1.48B | 1.34B | 1.06B |
| Cash, Cash Equivalents and Short-Term Investments | 783.96M | 91.33M | 58.29M | 41.10M | 99.14M | 111.92M |
| Total Debt | 857.89M | 248.87M | 175.42M | 148.58M | 33.16M | 466.00K |
| Total Liabilities | 1.10B | 461.05M | 407.37M | 481.92M | 381.75M | 234.93M |
| Stockholders Equity | 957.42M | 829.84M | 816.27M | 998.39M | 954.03M | 826.30M |
Cash Flow | ||||||
| Free Cash Flow | -22.48M | 42.48M | 112.00M | 3.87M | -19.25M | 11.19M |
| Operating Cash Flow | 190.51M | 228.80M | 252.29M | 374.74M | 300.43M | 154.71M |
| Investing Cash Flow | -180.50M | -149.81M | -155.10M | -384.13M | -349.75M | -104.29M |
| Financing Cash Flow | 699.11M | -38.10M | -80.11M | -46.12M | 26.26M | -7.28M |
Propetro Holding Technical Analysis
Negative
11.80
Price Trends
14.06
Negative
14.65
Negative
12.36
Negative
Market Momentum
-0.91
Positive
37.10
Neutral
18.04
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PUMP, the sentiment is Negative. The current price of 11.8 is below the 20-day moving average (MA) of 12.33, below the 50-day MA of 14.06, and below the 200-day MA of 12.36, indicating a bearish trend. The MACD of -0.91 indicates Positive momentum. The RSI at 37.10 is Neutral, neither overbought nor oversold. The STOCH value of 18.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PUMP.
Propetro Holding Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | $2.60B | 92.19 | 2.54% | 1.39% | -4.18% | -41.43% | |
56 Neutral | $1.36B | -98.23 | -1.49% | ― | -15.14% | 92.26% | |
55 Neutral | $1.24B | 56.38 | 1.91% | 2.93% | 25.36% | -59.73% | |
55 Neutral | $3.05B | 24.80 | 6.08% | 2.02% | 2.29% | -43.28% | |
52 Neutral | $455.29K | 7.99 | ― | ― | -3.74% | ― | |
46 Neutral | $730.92M | -1.52 | -55.10% | ― | -18.94% | -69.29% |
* Energy Sector Average
PUMP
Propetro Holding
11.10
6.19
126.07%
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ACDC
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4.04
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-38.60%
NINE
Nine Energy Service, Inc.
11.35
3.15
38.41%
Propetro Holding Corporate Events
Business Operations and StrategyExecutive/Board Changes
ProPetro Board Restructures Following Strategic Investor’s Exit
Neutral
Jun 1, 2026
On May 28, 2026, ProPetro Holding Corp. disclosed that director Alex V. Volkov resigned from its board following changes in its shareholder base. In conjunction with his departure, the company reduced the size of its board from eight to seven memb...
Executive/Board ChangesShareholder Meetings
ProPetro Shareholders Approve Incentive Plan and Board Slate
Positive
May 22, 2026
On April 7, 2026, ProPetro Holding Corp.’s board approved, subject to shareholder consent, a third amended and restated 2020 Long Term Incentive Plan aimed at updating its equity-based compensation framework. At the company’s annual me...
Business Operations and StrategyPrivate Placements and Financing
ProPetro Upsizes Convertible Notes in Private Offering
Positive
May 7, 2026
On May 4, 2026, ProPetro priced an upsized private offering of $600 million of 0.00% convertible senior notes due 2031, increased from a previously planned $500 million, with settlement closing on May 7, 2026, and an option for initial purchasers ...
Business Operations and StrategyPrivate Placements and Financing
ProPetro Announces Convertible Notes Offering and Credit Expansion
Positive
May 4, 2026
On May 4, 2026, ProPetro announced plans to raise $500 million through a private offering of convertible senior notes due 2031, with an option for initial purchasers to buy an additional $75 million, as part of a broader effort to optimize its cap...
Business Operations and StrategyFinancial Disclosures
ProPetro Expands Power Capacity Amid Weaker Quarterly Results
Negative
Apr 30, 2026
On April 28, 2026, ProPetro subsidiary ProPetro Energy Solutions entered a Global Framework Agreement with Caterpillar under which Caterpillar will reserve about 1.5 gigawatts of incremental power generation capacity, with ProPetro committing to p...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.