Propetro Holding (PUMP) AI Stock Analysis

• Market Cap: $1.19B
• Dividend Yield: N/A
• Average Volume (3M): 1.92M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.31
• Revenue Growth: -11.65%
• EPS Growth: 87.57%
• Country: US
• Employees: 1,900
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): -0.03
• Shares Outstanding: 103,982,180
• 10 Day Avg. Volume: 2,035,478
• 30 Day Avg. Volume: 1,919,317
• PEG Ratio: 0.03
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 0.67
• P/FCF Ratio: 8.67
• Enterprise Value/Market Cap: 1.11
• Enterprise Value/Revenue: 1.02
• Enterprise Value/Gross Profit: 10.93
• Enterprise Value/Ebitda: 7.76
• 1Y Price Target: $15.25
• Price Target Upside: 28.91% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: $11.00 ▼(-7.02% Downside)

The score is held back primarily by weak financial performance (losses and declining revenue) and loss-driven valuation (negative P/E). Offsetting these are constructive technical momentum and earnings-call signals of improving cash generation and PROPWR growth, though near-term completions activity headwinds remain a key risk.

Positive Factors

Low leverage / solid balance sheet

A debt-to-equity ratio of 0.14 provides durable financial flexibility in a cyclical oilfield services market. Low leverage reduces bankruptcy risk, preserves borrowing capacity for equipment financing or lease structures, and allows management to allocate capital between completions and PROPWR expansion.

Improving free cash flow generation

Sustained free cash flow growth and a strong operating-cash-flow-to-net-income ratio indicate the business can generate cash despite revenue pressure. This supports organic reinvestment, funds capital-light growth initiatives, and lowers dependence on costly external financing over the medium term.

Rapidly scaling PROPWR power business

Building a multi‑hundred MW contracted and on‑order power platform diversifies revenue away from volatile completions. Multi‑year contracts and targeted buildout create recurring cash streams, enhance customer stickiness in the Permian, and position ProPetro as an integrated power provider with durable competitive advantages.

Negative Factors

Declining revenue and negative net margins

Persistent revenue declines and a negative net margin erode retained earnings and limit reinvestment capacity. Even with positive EBITDA margin, net losses and negative ROE signal insufficient bottom‑line recovery, risking slower deleveraging and constrained funding for strategic initiatives if top‑line trends persist.

Completions market headwinds and idled fleets

Idled fleets reflect structural weakness in completions demand, reducing utilization and increasing per‑unit costs. Prolonged low activity compresses margins, delays returns on fleet investments, and limits the company's ability to redeploy assets or scale operations profitably during the recovery window.

Equity dilution and reliance on external capital

A large public offering to fund PROPWR expansion highlights reliance on external equity rather than internal cash. While proceeds accelerate growth, dilution reduces per‑share economics and signals that existing cash flow may not fully support capex needs, creating risk of repeated capital raises or higher financing costs.

Propetro Holding Business Overview & Revenue Model

Company Description

ProPetro Holding Corp., an oilfield services company, provides hydraulic fracturing and other related services. The company operates through Pressure Pumping and All Other segments. It offers cementing, acidizing, and coiled tubing services. The company serves oil and gas companies engaged in the exploration and production of North American oil and natural gas resources. As of December 31, 2021, its fleet comprised 12 hydraulic fracturing units with 1,423,000 hydraulic horsepower. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.

How the Company Makes Money

Propetro generates revenue primarily through its hydraulic fracturing services, which involve the high-pressure injection of fluid into subterranean rock formations to stimulate oil and gas production. Its key revenue streams include contracts for pressure pumping services, which are typically structured as fee-for-service agreements based on the volume of work performed. Additionally, Propetro provides integrated logistics and water management services, which also contribute to its earnings. The company's revenue is influenced by factors such as the demand for oil and gas, the pricing environment, and the number of active drilling rigs in the regions it serves. Strategic partnerships with major exploration and production companies further bolster its revenue potential, as these collaborations often lead to long-term contracts and increased service demand.

Propetro Holding Financial Statement Overview

Summary

Mixed fundamentals: declining revenue and negative net margin with losses pressure the score, but low leverage (D/E 0.14) and improving free cash flow support financial resilience.

Income Statement

Propetro Holding's income statement shows a challenging environment with declining revenues and negative profit margins. The TTM data indicates a revenue decline of 4.9% and a negative net profit margin of -1.69%. The company has struggled with profitability, as evidenced by negative EBIT and net income figures. Despite these challenges, the EBITDA margin remains positive at 17.03%, suggesting some operational efficiency.

Balance Sheet

The balance sheet reflects a moderate financial position with a debt-to-equity ratio of 0.14, indicating low leverage. However, the return on equity is negative at -2.06%, highlighting profitability issues. The equity ratio stands at a healthy level, suggesting a solid equity base relative to total assets.

Cash Flow

Cash flow analysis shows a positive trend with a 10.3% growth in free cash flow. The operating cash flow to net income ratio is strong at 0.74, indicating good cash generation relative to net income. However, the free cash flow to net income ratio is lower at 0.20, reflecting challenges in converting earnings into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.30B	1.44B	1.63B	1.28B	874.51M	789.23M
Gross Profit	121.68M	167.04M	317.71M	268.77M	78.87M	51.66M
EBITDA	171.35M	50.30M	301.70M	137.10M	65.55M	21.17M
Net Income	-16.98M	-137.86M	85.63M	2.03M	-54.19M	-107.02M
Balance Sheet
Total Assets	1.28B	1.22B	1.48B	1.34B	1.06B	1.05B
Cash, Cash Equivalents and Short-Term Investments	76.67M	58.29M	41.10M	99.14M	111.92M	68.77M
Total Debt	202.00M	175.42M	148.58M	33.16M	466.00K	799.00K
Total Liabilities	453.40M	407.37M	481.92M	381.75M	234.93M	179.97M
Stockholders Equity	826.21M	816.27M	998.39M	954.03M	826.30M	870.77M
Cash Flow
Free Cash Flow	38.49M	112.00M	3.87M	-19.25M	11.19M	38.52M
Operating Cash Flow	188.43M	252.29M	374.74M	300.43M	154.71M	139.12M
Investing Cash Flow	-135.52M	-155.10M	-384.13M	-349.75M	-104.29M	-94.22M
Financing Cash Flow	-32.93M	-80.11M	-46.12M	26.26M	-7.28M	-125.17M

Propetro Holding Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.83
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PUMP, the sentiment is Positive. The current price of 11.83 is above the 20-day moving average (MA) of 10.34, above the 50-day MA of 10.04, and above the 200-day MA of 7.00, indicating a bullish trend. The MACD of 0.42 indicates Negative momentum. The RSI at 67.88 is Neutral, neither overbought nor oversold. The STOCH value of 64.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PUMP.

Propetro Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NGS	74 Outperform	$435.39M	23.41	7.15%	0.63%	9.53%	15.48%
NESR	74 Outperform	$1.98B	28.65	7.67%	―	0.31%	33.08%
NCSM	71 Outperform	$101.33M	8.63	11.89%	―	16.61%	-72.29%
OIS	67 Neutral	$506.04M	22.62	3.31%	―	-11.02%	―
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
LBRT	62 Neutral	$3.99B	27.70	9.21%	1.78%	-12.05%	-46.45%
PUMP	58 Neutral	$1.19B	-71.27	-2.05%	―	-11.65%	87.57%

Propetro Holding Corporate Events

ProPetro Holding Prices Upsized Public Equity Offering

On January 27, 2026, ProPetro Holding Corp. priced an upsized underwritten public offering of 15,000,000 shares of common stock at $10.00 per share, an increase from the originally proposed 12,500,000 shares, under an effective shelf registration. The company expects to receive approximately $141.9 million in net proceeds from the base offering, with an additional approximately $21.4 million anticipated after underwriters exercised in full a 30-day option to purchase 2,250,000 extra shares on January 27, 2026, with closing expected around January 28, 2026. ProPetro plans to use the capital for general corporate purposes, notably to fund growth investments in additional power generation equipment, a move that should bolster its capacity to serve upstream oil and gas clients and potentially strengthen its competitive position in North American unconventional resource development, while existing shareholders face equity dilution and the company agrees to a 60-day lock-up on further share sales.

The most recent analyst rating on (PUMP) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Propetro Holding stock, see the PUMP Stock Forecast page.

ProPetro Launches Public Offering to Fuel Power Expansion

On January 26, 2026, ProPetro announced an underwritten public offering of 12,500,000 shares of common stock, with a planned 30-day option for underwriters to buy up to an additional 1,875,000 shares, with proceeds earmarked for general corporate purposes, including funding growth capital for additional power generation equipment, in a move that could dilute existing shareholders but bolster the company’s balance sheet and expansion capacity. In operational updates provided the same day, ProPetro highlighted the rapid build-out of its PROPWR power business, launched in December 2024, including a December 11, 2025 power supply contract with Coterra Energy for distributed microgrids in the New Mexico Permian, a second power contract signed after December 12, 2025, and, as of January 26, 2026, approximately 230 MW of committed capacity under multi‑year contracts and about 550 MW of delivered or on‑order generation capacity—70% high‑efficiency reciprocating engine generators and 30% low‑emissions modular turbines—positioning the company as a growing integrated power provider to the basin’s expanding energy infrastructure.

The most recent analyst rating on (PUMP) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Propetro Holding stock, see the PUMP Stock Forecast page.

ProPetro Establishes $350 Million Power Equipment Leasing Facility

Effective December 26, 2025, ProPetro Holding Corp. amended its Amended and Restated Credit Agreement to increase the permitted amount of capital leases, purchase money debt and similar financing facilities to $425 million, expanding its capacity to use lease and equipment financing in its capital structure. On December 29, 2025, its subsidiary ProPetro Energy Solutions, LLC entered into an Interim Funding Agreement and Master Lease Agreement with Stonebriar Commercial Finance LLC, giving it the right to finance up to $350 million in power generator equipment purchases through an 84‑month leasing structure, a move that enhances the company’s ability to fund critical power infrastructure while managing upfront cash outlays and retaining options to acquire full ownership of the equipment over time.

The most recent analyst rating on (PUMP) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Propetro Holding stock, see the PUMP Stock Forecast page.

ProPetro’s PROPWR Secures New Power Supply Contract

On December 12, 2025, ProPetro Holding Corp.’s subsidiary, PROPWR, announced a contract to supply power to a subsidiary of Coterra Energy Inc. in the New Mexico portion of the Permian Basin, with operations set to begin in early 2026. This agreement, along with new equipment orders totaling 190 megawatts, highlights PROPWR’s growth and strategic positioning in the power solutions market, aiming for significant expansion by 2030. The company’s capital expenditures for 2026 are projected to increase, reflecting its commitment to expanding its commercial pipeline and securing its position as a leading provider of innovative power solutions.

The most recent analyst rating on (PUMP) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Propetro Holding stock, see the PUMP Stock Forecast page.