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

Posted by Brian Himes on Jul 31st, 2026

ProPetro (NYSE:PUMP – Get Free Report) released its earnings results on Wednesday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.06), Zacks reports. ProPetro had a negative return on equity of 1.49% and a negative net margin of 1.15%.The firm 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 company posted ($0.07) earnings per share. The company’s revenue 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

PUMP traded up $0.45 during trading hours on Friday, hitting $11.27. The company’s stock had a trading volume of 2,811,635 shares, compared to its average volume of 4,076,077. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -102.68 and a beta of 0.72. The business’s 50-day moving average price is $14.01 and its 200-day moving average price is $13.68. The company has a current ratio of 4.09, a quick ratio of 1.57 and a debt-to-equity ratio of 0.80. ProPetro has a 12 month low of $4.51 and a 12 month high of $18.50.

Institutional Trading of ProPetro

Several hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in ProPetro by 46.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 64,086 shares of the company’s stock worth $610,000 after acquiring an additional 20,237 shares during the last quarter. Prelude Capital Management LLC purchased a new position in shares of ProPetro in the 3rd quarter worth approximately $384,000. O Shaughnessy Asset Management LLC bought a new position in shares of ProPetro during the 4th quarter valued at approximately $368,000. WINTON GROUP Ltd bought a new position in shares of ProPetro during the 4th quarter valued at approximately $327,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in ProPetro during the 3rd quarter valued at $208,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PUMP shares. Stifel Nicolaus set a $23.00 price objective on shares of ProPetro in a research report on Thursday, July 2nd. Weiss Ratings downgraded ProPetro from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Odeon Capital Group began coverage on ProPetro in a research note on Thursday, May 28th. They issued a “buy” rating for the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $16.00 price target on shares of ProPetro in a report on Wednesday, June 3rd. Finally, Piper Sandler reduced their price objective on shares of ProPetro from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.00.

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ProPetro Company Profile

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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.