ProPetro (NYSE:PUMP) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

ProPetro (NYSE:PUMP) announced its quarterly earnings results on Wednesday. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.10, Zacks reports. ProPetro had a negative net margin of 1.15% and a negative return on equity of 1.49%. During the same period last year, the business posted ($0.02) earnings per share. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year.

Here are the key takeaways from ProPetro’s conference call:

• Third-quarter results improved materially: revenue rose 16% sequentially to $355 million, net income reached $13 million, and adjusted EBITDA increased 33% to $60 million, supported by higher completions utilization and PROPWR deployments.
• PROPWR generated approximately $8 million of adjusted EBITDA and increased contracted capacity to roughly 510 megawatts after the Targa award; management expects deployments to reach 250–275 megawatts by year-end 2026 and more than 500 megawatts by early 2028.
• PROPWR’s data-center pipeline remains active, with several hundred megawatts in advanced negotiations, but contract timelines are lengthening as counterparties negotiate risk-sharing, scope, and long-term commitments. Management expects 2027 earnings growth to be weighted toward the second half as larger projects come online.
• The completions fleet is essentially sold out at 13 active fleets, while Permian supply remains constrained and pricing momentum is emerging, particularly for natural-gas-burning equipment. More than two-thirds of active horsepower is contracted and most agreements renew in the first half of 2027, creating potential repricing upside.
• Completions margins remain pressured by the cost of rebuilding personnel, inventory, maintenance, and equipment capacity, with additional fourth-quarter seasonality expected. The company also plans substantial 2026 PROPWR capital spending, although it ended the quarter with $934 million of total liquidity and no ABL borrowings.

ProPetro Stock Up 3.0%

PUMP stock traded up $0.23 during midday trading on Wednesday, hitting $7.79. The company’s stock had a trading volume of 5,348,410 shares, compared to its average volume of 4,006,183. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.09 and a quick ratio of 4.00. ProPetro has a twelve month low of $7.01 and a twelve month high of $18.50. The company’s fifty day moving average price is $9.83 and its 200 day moving average price is $12.55. The stock has a market capitalization of $956.43 million, a P/E ratio of -70.77 and a beta of 0.86.

Insider Activity

In related news, Director G Lawrence sold 35,831 shares of ProPetro stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $11.16, for a total value of $399,873.96. Following the sale, the director owned 28,181 shares of the company’s stock, valued at approximately $314,499.96. The trade was a 55.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Adam Muñoz sold 70,696 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $11.17, for a total value of $789,674.32. Following the sale, the chief operating officer owned 148,691 shares in the company, valued at $1,660,878.47. The trade was a 32.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PUMP has been the subject of a number of research analyst reports. Weiss Ratings cut ProPetro from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, September 29th. Citigroup dropped their price target on ProPetro from $16.00 to $14.50 and set a “buy” rating on the stock in a research report on Friday, October 2nd. Scotiabank assumed coverage on shares of ProPetro in a research report on Tuesday, September 29th. They set a “sector perform” rating and a $12.00 price objective for the company. Wall Street Zen downgraded shares of ProPetro from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Finally, Piper Sandler dropped their price objective on shares of ProPetro from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, August 27th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.05.

ProPetro Company Profile

ProPetro Holding Corp. is an oilfield services company that provides completion and production services to oil and natural gas exploration and production companies. Its primary offerings include hydraulic fracturing, well stimulation and wireline services used to prepare newly drilled wells for production and support ongoing well operations.

The company operates primarily in the Permian Basin, serving customers in the West Texas and southeastern New Mexico region. ProPetro’s services are focused on unconventional shale and tight-rock wells, where specialized pumping, pressure-control and downhole technologies are used to improve hydrocarbon recovery.

ProPetro was founded in 2007 and is headquartered in Midland, Texas.