ProPetro (NYSE:PUMP) Posts Earnings Results, Misses Expectations By $0.06 EPS

ProPetro (NYSE:PUMP) released its quarterly earnings results 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%.The company had revenue of $305.81 million during the quarter, compared to analysts’ expectations of $304.48 million. During the same period in the prior year, the firm earned ($0.07) EPS. ProPetro’s quarterly revenue was down 6.3% on a year-over-year basis.

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 Stock Up 6.7%

Shares of NYSE:PUMP traded up $0.69 on Thursday, hitting $10.89. 3,177,994 shares of the company traded hands, compared to its average volume of 4,065,403. The stock has a 50 day simple moving average of $14.15 and a 200-day simple moving average of $13.67. The company has a quick ratio of 1.57, a current ratio of 1.64 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.34 billion, a PE ratio of -98.91 and a beta of 0.72. ProPetro has a 52 week low of $4.51 and a 52 week high of $18.50.

Key Headlines Impacting ProPetro

Here are the key news stories impacting ProPetro this week:

• Positive Sentiment: Quarterly revenue totaled $305.81 million, slightly above the $304.48 million analyst consensus. Earnings coverage also highlighted revenue performance and management commentary from the quarter as potential support for the recovery narrative. ProPetro Reports Q2 Loss, Tops Revenue Estimates
• Positive Sentiment: After falling 25.7% over four weeks, PUMP was described as technically oversold. Zacks also cited broad analyst agreement behind higher earnings estimates, which could encourage dip buyers and support a potential rebound. ProPetro Looks Ripe for a Turnaround
• Neutral Sentiment: The earnings call and post-results coverage focused on the company’s operating performance and outlook, giving investors additional detail to assess whether the revenue trend can improve despite near-term profitability pressure. ProPetro Q2 2026 Earnings Call Transcript
• Negative Sentiment: ProPetro reported a $0.07 per-share loss, significantly worse than the expected $0.01 loss. Revenue also declined 6.3% year over year, while the company posted negative net margin and return on equity, underscoring continued profitability challenges. ProPetro Second-Quarter Earnings Report

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Odeon Capital Group began coverage on ProPetro in a research note on Thursday, May 28th. They issued a “buy” rating for the company. Barclays raised ProPetro from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $14.00 to $23.00 in a research note on Thursday, May 7th. Citigroup raised their target price on shares of ProPetro from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. The Goldman Sachs Group restated a “neutral” rating and issued a $16.00 price objective on shares of ProPetro in a research report on Wednesday, June 3rd. Finally, Piper Sandler set a $18.00 target price on ProPetro in a report on Thursday. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, ProPetro currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Institutional Trading of ProPetro

Several institutional investors have recently added to or reduced their stakes in PUMP. Ratan Capital Management LP purchased a new stake in shares of ProPetro during the fourth quarter valued at $6,266,000. Renaissance Technologies LLC raised its position in ProPetro by 258.3% in the 4th quarter. Renaissance Technologies LLC now owns 659,100 shares of the company’s stock worth $6,268,000 after buying an additional 475,126 shares during the last quarter. Soros Capital Management LLC bought a new position in ProPetro during the 4th quarter valued at about $6,511,000. Ameriprise Financial Inc. lifted its stake in ProPetro by 150.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,332,501 shares of the company’s stock valued at $6,982,000 after acquiring an additional 799,665 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of ProPetro by 9.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 832,003 shares of the company’s stock valued at $7,912,000 after acquiring an additional 71,067 shares during the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

About ProPetro

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.