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PUMP

ProPetro Holding Corp.

PUMP

ProPetro Holding Corp. • NYSE
$9.57 ▲ 1.59% (+0.15)
Market Cap $995.11 M
52w High $11.66
52w Low $4.51
Dividend Yield 0%
P/E -56.29
Volume 780.76K
Outstanding Shares 103.98M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $293.916M ▼ $21.822M ▼ $-2.365M ▲ -0.805% ▲ $-0.02 ▲ $40.701M ▲
Q2-2025 $326.151M ▼ $32.836M ▼ $-7.155M ▼ -2.194% ▼ $-0.069 ▼ $40.337M ▼
Q1-2025 $359.416M ▲ $37.378M ▼ $9.602M ▲ 2.672% ▲ $0.093 ▲ $61.125M ▲
Q4-2024 $320.554M ▼ $46.022M ▼ $-17.062M ▲ -5.323% ▲ $-0.17 ▲ $29.183M ▲
Q3-2024 $360.868M $219.106M $-137.067M -37.983% $-1.32 $-122.194M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $66.541M ▼ $1.28B ▲ $453.403M ▲ $826.21M ▲
Q2-2025 $82.903M ▲ $1.229B ▼ $405.174M ▼ $823.973M ▼
Q1-2025 $71.424M ▲ $1.246B ▲ $419.71M ▲ $826.489M ▲
Q4-2024 $58.292M ▲ $1.224B ▼ $407.372M ▼ $816.273M ▼
Q3-2024 $53.971M $1.28B $447.254M $832.956M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-2.365M ▲ $41.66M ▼ $-42.501M ▼ $-7.458M ▼ $-8.299M ▼ $-2.38M ▼
Q2-2025 $-7.155M ▼ $54.214M ▼ $-35.688M ▼ $-7.078M ▲ $11.448M ▼ $17.083M ▲
Q1-2025 $9.602M ▲ $54.689M ▲ $-32.836M ▼ $-8.904M ▲ $12.949M ▲ $13.776M ▲
Q4-2024 $-17.062M ▲ $37.863M ▲ $-24.496M ▲ $-9.49M ▲ $3.877M ▲ $10.015M ▲
Q3-2024 $-137.067M $34.669M $-39.68M $-15.309M $-20.32M $-5.975M

Revenue by Products

Product Q2-2023Q3-2023Q1-2024Q3-2025
Power Generation
Power Generation
 $0 ▲$0 ▲$0 ▲$0 ▲
Corporate and Other
Corporate and Other
 $0 ▲$0 ▲$40.00M ▲$0 ▼
Completion Services
Completion Services
 $440.00M ▲$420.00M ▼$0 ▼$0 ▲
Other Segments
Other Segments
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown meaningfully from the pandemic lows, but profits have been inconsistent. The company moved into clear profitability in 2022–2023, then slipped back into an operating and net loss in 2024, even though cash-style earnings stayed positive. That pattern suggests a business that can earn decent margins in good market conditions but is still very exposed to swings in pricing, costs, and equipment utilization.

Balance Sheet

Balance Sheet The asset base has expanded as ProPetro invested in newer fleets, power assets, and integrated services. Debt, which was essentially zero a few years ago, has been added but remains modest compared with the company’s equity, so leverage does not look extreme. The main watchpoint is that the cash balance is fairly thin, which reduces financial cushion, even though overall the balance sheet still appears reasonably solid for a cyclical services company.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has generally strengthened over the past five years, showing that the core business can produce real cash even when accounting profits move around. Free cash flow has been choppy because of heavy investment in equipment and growth projects, especially in the middle of the period. More recently, lower investment has allowed free cash flow to turn more clearly positive, which points to better self‑funding, as long as the company remains disciplined on new spending.

Competitive Edge

Competitive Edge ProPetro is a focused Permian Basin player, which gives it deep local knowledge, strong customer ties, and efficient logistics in the most important U.S. shale region. Its modern, lower‑emission fracturing fleets and integrated sand and power offerings help it stand out versus more traditional competitors. At the same time, it competes against much larger oilfield service companies and is heavily tied to activity in a single basin, so its niche strength comes with meaningful concentration and cycle risk.

Innovation and R&D

Innovation and R&D Innovation is centered on cleaner, more efficient operations rather than traditional lab research. The move into electric fracturing fleets, dual‑fuel engines, and the PROPWR power platform aligns well with customers’ desire to cut fuel costs and emissions. The Aqua Prop acquisition and vertical integration strategy add further differentiation by bundling key services together. The upside is a more future‑ready, lower‑carbon offering, but success depends on keeping this modern fleet fully booked and scaling the power business without over‑spending.

Summary

ProPetro has evolved from a pure, often low‑margin fracking contractor into a more integrated, technology‑oriented service and power provider anchored in the Permian Basin. The financials show real progress in revenue and cash generation over five years, but 2024 reminds us that earnings are still volatile and closely tied to shale activity and pricing. The balance sheet, while no longer debt‑free, remains fairly healthy and has supported sizable investment in newer fleets and power assets. The core story now hinges on two things: stabilizing profitability in the traditional fracturing business and successfully building out the PROPWR and integrated services platform, all while staying disciplined on capital spending and risk in a very cyclical industry.

NEWS

October 29, 2025 · 7:00 AM UTC

ProPetro Reports Financial Results for the Third Quarter of 2025

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October 27, 2025 · 7:00 AM UTC

PROPWR Signs Long-Term 60 Megawatt Power Contract for Hyperscaler Data Center, Leveraging Hybrid Energy Storage Technology

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October 13, 2025 · 4:30 PM UTC

ProPetro Announces Third Quarter 2025 Earnings Call

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September 5, 2025 · 6:34 PM UTC

AppLovin, Robinhood Markets and Emcor Group Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600

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