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

ProPetro (NYSE:PUMP) issued its quarterly earnings data on Wednesday. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.10, Zacks reports. During the same period last year, the business posted ($0.02) EPS. The company’s quarterly revenue was up 20.9% on a year-over-year basis.

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 Trading Up 4.2%

PUMP traded up $0.32 on Wednesday, hitting $7.88. 4,380,407 shares of the stock traded hands, compared to its average volume of 4,003,049. The firm has a market capitalization of $967.98 million, a PE ratio of -71.05 and a beta of 0.86. ProPetro has a 52 week low of $7.01 and a 52 week high of $18.50. The business has a fifty day moving average price of $9.83 and a two-hundred day moving average price of $12.55.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several brokerages have commented on PUMP. Barclays lowered their price target on ProPetro from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Weiss Ratings cut shares of ProPetro from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, September 29th. Stifel Nicolaus lowered their target price on shares of ProPetro from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Piper Sandler lowered their target price on shares of ProPetro from $18.00 to $15.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. Finally, Wall Street Zen lowered shares of ProPetro from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.05.

About ProPetro

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.