ProPetro (NYSE:PUMP) Announces Quarterly Earnings Results

ProPetro (NYSE:PUMP) issued its quarterly earnings data on Wednesday. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06), Zacks reports. ProPetro had a negative return on equity of 1.43% and a negative net margin of 1.05%.During the same quarter in the previous year, the firm earned ($0.07) earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year.

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

• Second-quarter results were pressured by operational disruptions, including severe Permian weather, upfront costs to activate a 12th fleet, and unexpected downtime on a temporary out-of-basin project. ProPetro reported an $8 million net loss, although adjusted EBITDA rose 23% sequentially to $45 million.
• ProPetro plans to activate a 13th completions fleet late in the third quarter, supported by improving customer demand and pricing momentum. Management believes industry capacity is structurally tight, with few readily deployable fleets remaining in the Permian and most natural-gas-burning equipment effectively sold out.
• PROPWR’s contracted generation capacity increased from approximately 240 megawatts to 350 megawatts, including new oil-and-gas and industrial projects, while additional contracts exceeding 100 megawatts are under advanced negotiation. The business generated positive EBITDA in each of the final two months of the quarter and has live data-center operations.
• ProPetro ended the quarter with $905 million of liquidity, including $784 million in cash, and said it has substantial funding capacity for PROPWR’s expansion. Full-year 2026 capital expenditure guidance was reduced to $525 million-$595 million, while management maintained its $1.4 million-$1.5 million per megawatt cost outlook for PROPWR.

ProPetro Price Performance

Shares of NYSE PUMP traded down $0.26 on Wednesday, hitting $10.40. The company’s stock had a trading volume of 4,258,782 shares, compared to its average volume of 4,045,393. The stock has a 50 day moving average of $14.28 and a 200-day moving average of $13.66. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -94.62 and a beta of 0.72. ProPetro has a 12-month low of $4.51 and a 12-month high of $18.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.64 and a quick ratio of 1.57.

Institutional Investors Weigh In On ProPetro

A number of large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of ProPetro by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock valued at $379,000 after acquiring an additional 2,230 shares in the last quarter. Jane Street Group LLC lifted its holdings in ProPetro by 1.4% in the 1st quarter. Jane Street Group LLC now owns 224,275 shares of the company’s stock valued at $1,648,000 after purchasing an additional 3,100 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of ProPetro by 6.5% during the 2nd quarter. Lazard Asset Management LLC now owns 61,236 shares of the company’s stock worth $364,000 after purchasing an additional 3,732 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of ProPetro by 42.2% during the fourth quarter. New York State Common Retirement Fund now owns 14,496 shares of the company’s stock worth $138,000 after buying an additional 4,300 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of ProPetro by 70.5% in the second quarter. Tower Research Capital LLC TRC now owns 10,789 shares of the company’s stock valued at $64,000 after buying an additional 4,461 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays upgraded shares of ProPetro from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $14.00 to $23.00 in a research report on Thursday, May 7th. The Goldman Sachs Group reissued a “neutral” rating and set a $16.00 price objective on shares of ProPetro in a research note on Wednesday, June 3rd. Weiss Ratings downgraded ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Stifel Nicolaus set a $23.00 target price on ProPetro in a report on Thursday, July 2nd. Finally, Odeon Capital Group assumed coverage on shares of ProPetro in a research note on Thursday, May 28th. They set a “buy” rating for the company. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, ProPetro presently has an average rating of “Moderate Buy” and a consensus price target of $18.25.

ProPetro Company Profile

ProPetro Holding Corp is a publicly traded oilfield services company that specializes in hydraulic fracturing and well completion solutions for exploration and production operators. Headquartered in Midland, Texas, the company delivers a comprehensive suite of pressure pumping services designed to optimize reservoir stimulation and enhance hydrocarbon recovery. Its integrated approach encompasses well design, proppant selection, fluid systems and pressure management to support clients’ development targets across unconventional plays.

The company’s core offerings include high-pressure fracturing, coiled tubing, cementing, acidizing and flowback services, all supported by in-house logistics and digital monitoring tools.