ProPetro (NYSE:PUMP) Releases Earnings Results, Beats Expectations By $0.10 EPS

ProPetro (NYSE:PUMP) issued its earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.10, Zacks reports. ProPetro had a negative return on equity of 1.49% and a negative net margin of 1.15%. The company had revenue of $355.38 million during the quarter, compared to analysts’ expectations of $320.44 million. During the same period in the prior year, the business posted ($0.02) EPS. ProPetro’s quarterly revenue was up 20.9% compared to the same quarter last year.

Here are the key takeaways from ProPetro’s conference call:

• Third-quarter results improved materially: revenue rose 16% sequentially to $355 million, net income reached $13 million, and adjusted EBITDA increased 33% to $60 million, supported by higher completions utilization and PROPWR deployments.
• PROPWR generated approximately $8 million of adjusted EBITDA and increased contracted capacity to roughly 510 megawatts after the Targa award; management expects deployments to reach 250–275 megawatts by year-end 2026 and more than 500 megawatts by early 2028.
• PROPWR’s data-center pipeline remains active, with several hundred megawatts in advanced negotiations, but contract timelines are lengthening as counterparties negotiate risk-sharing, scope, and long-term commitments. Management expects 2027 earnings growth to be weighted toward the second half as larger projects come online.
• The completions fleet is essentially sold out at 13 active fleets, while Permian supply remains constrained and pricing momentum is emerging, particularly for natural-gas-burning equipment. More than two-thirds of active horsepower is contracted and most agreements renew in the first half of 2027, creating potential repricing upside.
• Completions margins remain pressured by the cost of rebuilding personnel, inventory, maintenance, and equipment capacity, with additional fourth-quarter seasonality expected. The company also plans substantial 2026 PROPWR capital spending, although it ended the quarter with $934 million of total liquidity and no ABL borrowings.

ProPetro Trading Up 1.8%

Shares of NYSE:PUMP traded up $0.14 on Thursday, hitting $7.90. The company had a trading volume of 781,338 shares, compared to its average volume of 4,018,746. The firm’s 50-day simple moving average is $9.74 and its two-hundred day simple moving average is $12.54. The firm has a market capitalization of $970.68 million, a price-to-earnings ratio of -71.85 and a beta of 0.86. The company has a quick ratio of 4.00, a current ratio of 4.09 and a debt-to-equity ratio of 0.80. ProPetro has a 1 year low of $7.01 and a 1 year high of $18.50.

Analysts Set New Price Targets

PUMP has been the topic of several recent analyst reports. Citigroup cut their target price on shares of ProPetro from $16.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, October 2nd. Piper Sandler lowered their price target on shares of ProPetro from $18.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, August 27th. Morgan Stanley dropped their price target on shares of ProPetro from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 14th. Weiss Ratings lowered shares of ProPetro from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 29th. Finally, Wall Street Zen lowered shares of ProPetro from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ProPetro presently has an average rating of “Moderate Buy” and an average price target of $15.05.

More ProPetro News

Here are the key news stories impacting ProPetro this week:

• Positive Sentiment: Q3 results exceeded expectations: ProPetro reported adjusted earnings of $0.09 per share, compared with analyst expectations for a loss of roughly $0.01–$0.02 per share. Revenue rose 20.9% year over year to $355.4 million, surpassing estimates of approximately $320.4 million. The company also returned to profitability versus a $0.02-per-share loss in the prior-year quarter. ProPetro Q3 earnings and revenue report
• Positive Sentiment: Power Arm turns profitable: Management highlighted improving results from its electric-powered fracturing business, supporting investor confidence that the newer platform can contribute meaningfully to earnings as deployment expands. ProPetro Q3 2026 earnings and Power Arm update
• Positive Sentiment: Expansion and demand outlook: ProPetro said it expects to have 250–275 megawatts deployed by the end of 2026 and more than 500 megawatts by early 2028. Its conventional completions fleet remains sold out, signaling strong customer demand and improved visibility. ProPetro power deployment and fleet outlook
• Negative Sentiment: Profitability remains fragile: Despite the quarterly earnings beat, ProPetro still reported a negative net margin and negative return on equity, while analysts continue to expect a loss for the full fiscal year. This limits the durability of the positive reaction if operating conditions weaken. ProPetro earnings report and conference call

Insider Activity

In related news, Director G Lawrence sold 35,831 shares of ProPetro stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $11.16, for a total transaction of $399,873.96. Following the completion of the transaction, the director directly owned 28,181 shares of the company’s stock, valued at $314,499.96. This trade represents a 55.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Adam Muñoz sold 70,696 shares of ProPetro stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $11.17, for a total transaction of $789,674.32. Following the transaction, the chief operating officer owned 148,691 shares of the company’s stock, valued at $1,660,878.47. The trade was a 32.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.55% of the stock is owned by insiders.

ProPetro Company Profile

ProPetro Holding Corp. is an oilfield services company that provides completion and production services to oil and natural gas exploration and production companies. Its primary offerings include hydraulic fracturing, well stimulation and wireline services used to prepare newly drilled wells for production and support ongoing well operations.

The company operates primarily in the Permian Basin, serving customers in the West Texas and southeastern New Mexico region. ProPetro’s services are focused on unconventional shale and tight-rock wells, where specialized pumping, pressure-control and downhole technologies are used to improve hydrocarbon recovery.

ProPetro was founded in 2007 and is headquartered in Midland, Texas.