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

ProPetro (NYSE:PUMP) announced 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 net margin of 1.05% and a negative return on equity of 1.43%. During the same quarter in the prior year, the business earned ($0.07) EPS. ProPetro’s 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 Price Performance

Shares of NYSE:PUMP traded down $0.31 during trading on Wednesday, hitting $10.35. 4,009,338 shares of the company’s stock were exchanged, compared to its average volume of 4,044,211. The business’s 50-day simple moving average is $14.28 and its 200 day simple moving average is $13.66. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -94.12 and a beta of 0.72. ProPetro has a 52-week low of $4.51 and a 52-week high of $18.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.64 and a quick ratio of 1.57.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Piper Sandler boosted their price objective on shares of ProPetro from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. The Goldman Sachs Group restated a “neutral” rating and issued a $16.00 price target on shares of ProPetro in a research report on Wednesday, June 3rd. Citigroup increased 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. Odeon Capital Group started coverage on shares of ProPetro in a report on Thursday, May 28th. They set a “buy” rating on the stock. Finally, Barclays upgraded shares of ProPetro from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $14.00 to $23.00 in a research report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, ProPetro has a consensus rating of “Moderate Buy” and a consensus price target of $18.25.

Institutional Investors Weigh In On ProPetro

A number of institutional investors have recently added to or reduced their stakes in PUMP. WINTON GROUP Ltd purchased a new position in shares of ProPetro in the fourth quarter worth $327,000. Aquatic Capital Management LLC bought a new stake in ProPetro in the 3rd quarter valued at $275,000. Schonfeld Strategic Advisors LLC bought a new stake in ProPetro in the 3rd quarter valued at $208,000. Fox Run Management L.L.C. purchased a new stake in ProPetro in the 4th quarter worth $200,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of ProPetro by 16,264.8% during the 1st quarter. Jones Financial Companies Lllp now owns 27,002 shares of the company’s stock valued at $198,000 after purchasing an additional 26,837 shares during the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

ProPetro Company Profile

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.