Quarterly ResultApr 30, 2026, 04:33 PM
PUMP Q1 Revenue Down to $270.7M; Reports $3.6M Net Loss
AI Summary
ProPetro Holding Corp. reported a significant decline in its first quarter 2026 financial results, with service revenue decreasing to $270.7 million from $359.4 million year-over-year, and a net loss of $3.6 million compared to a net income of $9.6 million in the prior year. Basic EPS also turned negative to $(0.03). Despite the operational downturn, the company's cash and cash equivalents saw a substantial increase to $156.6 million, primarily driven by $164.3 million in proceeds from a public equity offering.
Key Highlights
- PUMP Q1 2026 revenue decreased to $270.7M from $359.4M YoY.
- PUMP reported a net loss of $3.6M in Q1 2026, down from $9.6M net income YoY.
- Basic EPS was $(0.03) in Q1 2026, compared to $0.09 in Q1 2025.
- Cash and cash equivalents increased to $156.6M from $91.3M at Dec 31, 2025.
- Net cash provided by operating activities fell to $2.7M from $54.7M YoY.
- Proceeds from public equity offering totaled $164.3M in Q1 2026.
- Total assets increased to $1.41B from $1.29B at Dec 31, 2025.
Price Impact
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