ProPetro
Provides Permian completion services and mobile gas-to-power generation.
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Profile
Provides hydraulic fracturing, wireline, and cementing for Permian Basin operators, with hydraulic fracturing generating most revenue. PROPWR adds contracted, mobile gas-to-power services for oil and gas, industrial, and data-center customers, while the business remains tied to regional completion activity.
Provides hydraulic fracturing, wireline, and cementing services for upstream operators, with completion work concentrated in the Permian Basin's Midland and Delaware sub-basins. Its fleets support high-intensity well designs, including simultaneous fracturing, and combine conventional, dual-fuel, and electric-powered equipment. Wet-sand logistics from AquaProp complement the pressure-pumping operation.
Runs PROPWR as a second platform, installing mobile natural-gas-fueled generators at customer sites and selling turnkey power under usage- or time-based contracts. The service now supplies oil and gas, industrial, and data-center customers in the United States. Hydraulic fracturing remains the largest revenue source, so activity and pricing depend heavily on Permian operators' completion budgets and oil and gas economics; the power buildout also depends on equipment deliveries, customer contracts, and access to capital.
Company facts
Key statistics
Year to date +11.9% · Average volume (30d) 3.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | Piper Sandler | Reiterate | Overweight | $18 | $15 | |
| Aug 5, 2026 | Barclays | Reiterate | Overweight | $14 | $18 | |
| Aug 3, 2026 | Stifel Nicolaus | Target | $23 | $20 | ||
| Jul 30, 2026 | Piper Sandler | Reiterate | Overweight | $20 | $18 | |
| Jul 2, 2026 | Stifel Nicolaus | Target | $10 | $23 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | −$0.01 | −$0.07 | −767.4% | $304.5M | $305.8M | +0.4% | +5.97% |
| Apr 30, 2026Q1 FY26 | −$0.12 | −$0.03 | +75.0% | $277.5M | $270.7M | −2.5% | −2.98% |
| Feb 18, 2026Q4 FY25 | −$0.13 | $0.01 | +107.7% | $281.3M | $289.7M | +3.0% | +2.13% |
| Oct 29, 2025Q3 FY25 | −$0.11 | −$0.02 | +81.8% | $279.9M | $293.9M | +5.0% | −2.34% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $359.4M | $326.2M | $293.9M | $289.7M | $270.7M | $305.8M | |
| Gross profit | $46.9M | $29.7M | $15.8M | $33.8M | $18.4M | $28.4M | |
| Operating income | $9.5M | −$3.2M | −$6.1M | $4.8M | −$8.8M | −$4.8M | |
| Net income | $9.6M | −$7.2M | −$2.4M | $742.0K | −$3.6M | −$8.1M | |
| Diluted EPS | $0.09 | −$0.07 | −$0.02 | $0.01 | −$0.03 | −$0.07 | |
| Gross margin | 13.0% | 9.1% | 5.4% | 11.7% | 6.8% | 9.3% | |
| Operating margin | 2.6% | -1.0% | -2.1% | 1.7% | -3.2% | -1.6% |
Fiscal years (4-quarter sums)FY21 $874.5M · FY22 $1.28B · FY23 $1.63B · FY24 $1.44B · FY25 $1.27B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $784.0M · Total debt $857.9M · Total assets $2.06B · Shareholders' equity $957.4M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 122.82M · Float 90.30M · 73.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 9.11M | 7.41% | 13F | Aug 7, 2026 |
| Sourcerock Group LLC | 7.71M | 6.28% | 13F | Aug 14, 2026 |
| VR Advisory Services Ltd | 7.02M | 5.70% | 13G | Jul 10, 2026 |
| Dimensional Fund Advisors LP | 6.84M | 5.57% | 13F | Aug 11, 2026 |
| D. E. Shaw & Co., Inc. | 6.03M | 4.91% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | G. Larry Lawrence | director | −35,831 | $11.16 |
| Aug 4, 2026 | Adam Munoz | officer: President and COO | −70,696 | $11.17 |
| May 20, 2026 | Exxon Mobil Corp | 10 percent owner | −16,600,000 | $16.66 |
| Nov 14, 2025 | Adam Munoz | officer: President and COO | −17,230 | $10.14 |
| Oct 31, 2025 | Michele Vion | director | −6,916 | $10.64 |
Peers
- Liberty Energy
Large-scale North American frac services with next-gen electric and gas fleets.
- Halliburton
Global oilfield giant; dominant US frac and e-frac platform in the Permian.
- Patterson-UTI Energy
Diversified OFS leader; contract drilling and completions across U.S. basins.
- ProFrac
Vertically integrated U.S. pressure pumper; proppant mines reduce input costs.
- Solaris Energy Infrastructure
Mobile natural-gas power for data centers and oilfield microgrids.
- RPC
Diversified Permian-focused completions and oilfield services, 10 frac fleets.
- Kodiak Gas Services
Compression giant with 650+ MW distributed power via the Kodiak Power division.
- Atlas Energy Solutions
Permian proppant and logistics leader pivoting to distributed gas-fired power.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ProPetro | $10.81 | −1.59% | $1.35B | — | 57.2 | 1.2 | −6.2% |
| Liberty Energy | $19.12 | +0.47% | $3.10B | 25.6 | 289.3 | 0.7 | +14.0% |
| Halliburton | $36.73 | +1.53% | $30.22B | 18.9 | 14.3 | 1.4 | +3.7% |
| Patterson-UTI Energy | $12.42 | −0.11% | $4.72B | — | 73.3 | 1.0 | +0.7% |
| ProFrac | $4.99 | −0.20% | $902.8M | — | — | 0.5 | −0.8% |
| Solaris Energy Infrastructure | $49.94 | +0.12% | $3.06B | 58.6 | 58.4 | 4.0 | +46.9% |
| RPC | $6.40 | −0.08% | $1.42B | 64.3 | 24.6 | 0.8 | +9.5% |
| Kodiak Gas Services | $58.00 | +0.62% | $5.82B | 67.1 | 22.4 | 4.2 | +21.2% |
| Atlas Energy Solutions | $12.85 | −0.04% | $1.61B | — | — | 1.5 | +1.6% |
| Median | 58.6 | 41.5 | 1.2 | +6.6% |