ProPetro Holding Corp
NYSE:PUMP
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ProPetro Holding Corp
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.
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.
Revenue Decline: ProPetro's Q3 2025 revenue was $294 million, down 10% from the previous quarter due to lower activity levels in the completions market.
Free Cash Flow: Despite the downturn, the legacy completions business generated $25 million in free cash flow, maintaining discipline in cost controls and capital allocation.
PROPWR Growth: PROPWR business made significant progress, securing new long-term contracts (including a 60 MW data center deal), with over 150 MW now contracted and expectations to reach at least 220 MW by year-end.
Capital Spending: Full-year 2025 capex guidance was lowered to $270–290 million, with $80–100 million for completions and $190 million for PROPWR.
Financing Secured: A $350 million leasing facility was agreed to, providing flexible funding for PROPWR growth without overextending the balance sheet.
Market Conditions: Management expects a challenging completions market to persist into 2026, but plans to maintain 10–11 active fleets in Q4 and at least this activity level into next year.
Strategic Discipline: The company proactively idled less profitable fleets to avoid unsustainable pricing, preserving assets for future upturns.
