Earnings Releases·Oct 28, 2026, 4:23 PM ET

ProPetro Holding Corp. — Third Quarter 2026 Earnings Summary

Total revenue rose 16% sequentially to $355 million, while net income turned positive at $13 million ($0.09/share) compared to an $8 million loss in Q2 2026; Adjusted EBITDA increased 33% to $60 million.
Full-year 2026 capital expenditure guidance was narrowed to $525–$575 million, with PROPWR specifically reduced to $400–$430 million due to equipment delivery timing visibility.
PROPWR secured approximately 510 megawatts of contracted capacity, including a live hyperscaler project, with plans to deploy over 500 megawatts by early 2028.
Completions demand remains strong with capacity essentially sold out, though Q4 utilization and margins face headwinds from seasonality and rebuilding costs before optimizing in 2027.
The company issued $690 million in convertible senior notes, resulting in $729 million in cash equivalents and $934 million in total liquidity.