ProPetro Holding Corp
NYSE:PUMP

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ProPetro Holding Corp Logo
ProPetro Holding Corp
NYSE:PUMP
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Price: 14.69 USD 0.14%
Market Cap: $1.8B

ProPetro Holding Corp
Investor Relations

ProPetro Holding Corp. is an oilfield services company that engages in the provision of hydraulic fracturing and other complementary services. The company is headquartered in Midland, Texas and currently employs 1,500 full-time employees. The company went IPO on 2017-03-17. The firm provides hydraulic fracturing and other complementary services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. The firm's operations are primarily focused on the Permian Basin. The firm operates through its pressure pumping and all other segments. The firm owns and operates a fleet of mobile hydraulic fracturing units and other auxiliary equipment to perform fracturing services. The company also provides personnel and services that are tailored to meet each of its customers needs. The firm is also focused on complementary services that provide its customers services, including cementing, coiled tubing and other related services. Its complementary services are provided through various contractual arrangements, including on a turnkey contract basis.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 18, 2026
AI Summary
Q4 2025

Market Challenges: ProPetro operated in a tough 2025 environment, with Permian frac activity down sharply and commodity price headwinds, but still delivered strong results.

Resilient Cash Flow: The legacy completions business generated solid free cash flow, especially in Q4, providing capital for PROPWR investments.

PROPWR Growth: PROPWR now has approximately 240 megawatts committed, 550 megawatts ordered, and is reaffirming a 5-year target of 750 megawatts by 2028 and 1 gigawatt by 2030.

Financial Strength: Liquidity improved with a $163 million equity raise and expanded financing facilities; total liquidity reached $325 million as of January 2026.

CapEx Guidance: 2026 capital expenditures are projected at $390–$435 million, with $140–$160 million for completions and $250–$275 million for PROPWR.

Stable Pricing: Pricing for completions remained steady, and the company maintained discipline by not running fleets below economic levels.

Positive Outlook: Management expects PROPWR to begin contributing meaningful earnings in the second half of 2026, despite ongoing market uncertainty.

Key Financials
Revenue
$290 million
Net Income
$1 million
EPS
$0.01 per diluted share
Adjusted EBITDA
$51 million
Adjusted EBITDA Margin
18% of revenue
Net Cash Provided by Operating Activities
$81 million
Net Cash Used in Investing Activities
$39 million
Free Cash Flow (Completions Business)
$98 million
Working Capital Tailwinds
$28 million in additional cash
Asset Sales Proceeds
$14 million
Note Receivable (Vernal Cementing Sale)
$11 million
Capital Expenditures Paid
$64 million
Capital Expenditures Incurred
$71 million
PROPWR Equipment Order Total (Committed Capacity)
approximately 240 megawatts committed, 550 megawatts ordered
PROPWR Equipment Cost
approximately $1.1 million per megawatt
2026 Capital Expenditures Guidance
$390–$435 million
Cash (Dec 31, 2025)
$91 million
Borrowings under ABL Credit Facility (Dec 31, 2025)
$45 million
Total Liquidity (Dec 31, 2025)
$205 million
Cash (Jan 31, 2026)
$236 million
Borrowings under ABL Credit Facility (Jan 31, 2026)
$45 million
Total Liquidity (Jan 31, 2026)
$325 million
Equity Offering Proceeds (Jan 2026)
$163 million net
Earnings Call Recording
Other Earnings Calls

Management

Mr. Samuel D. Sledge
CEO & Director
No Bio Available
Mr. Adam Munoz
President & COO
No Bio Available
Mr. David Scott Schorlemer
Chief Financial Officer
No Bio Available
Mr. John J. Mitchell J.D.
General Counsel & Corporate Secretary
No Bio Available
Mr. Shelby Kyle Fietz
Chief Commercial Officer
No Bio Available
Ms. Celina A. Davila
Chief Accounting Officer
No Bio Available
Mr. Matt Augustine
Senior Manager of Corporate Development & Investor Relations
No Bio Available

Contacts

Address
TEXAS
Midland
1706 S Midkiff Rd Ste B
Contacts
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