Quarterly ResultJul 29, 2026, 04:14 PM
ProPetro Q2 Revenue $306M, Net Loss $8M; PROPWR Capacity 350MW
AI Summary
ProPetro Holding Corp. reported second quarter 2026 financial results, with total revenue increasing 13% to $306 million and Adjusted EBITDA rising 23% to $45 million. However, the company's net loss widened to $8 million. The PROPWR® division demonstrated significant growth, increasing committed power generation capacity to approximately 350 megawatts and successfully deploying assets at a hyperscaler data center site. Despite operational disruptions from weather and an out-of-basin deployment, the company expressed confidence in improving market conditions and reduced its full-year capital expenditure guidance for the completions business.
Key Highlights
- Total revenue was $306 million, a 13% increase from $271 million in the prior quarter.
- Net loss was $8 million ($0.07 loss per diluted share), compared to $4 million loss in prior quarter.
- Adjusted EBITDA increased 23% to $45 million from $36 million in the prior quarter.
- PROPWR® committed power generation capacity reached approximately 350 megawatts.
- Capital expenditures incurred were $71 million, with $47 million supporting PROPWR®.
- Net cash provided by operating activities was $66 million, up from $3 million in prior quarter.
- Full-year 2026 capital expenditure guidance reduced to $525M-$595M from $540M-$610M.
- Company expects to activate its thirteenth frac fleet by the end of the third quarter.
Price Impact
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