Propetro Holding (PUMP)
NYSE:PUMP
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Propetro Holding
(NYSE:PUMP)
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Rating:61Neutral
Price Target:
$14.50
▲(4.77% Upside)
Action:ReiteratedDate:02/19/26
The score is driven most by solid cash generation and improved liquidity/progress on PROPWR, which support financial resilience despite cyclical earnings volatility. The biggest offset is valuation risk from an extremely high P/E and the capital-intensive growth plan amid a slowing completions market; technicals are moderately constructive but not strongly trending.
Positive Factors
Cash generation
Consistent positive operating cash flow and a $98M completions free cash flow quarter demonstrate durable cash generation ability. This supports reinvestment, debt servicing and PROPWR buildout funding, reducing reliance on short-term capital markets during cyclical downturns.
Negative Factors
Rising leverage trend
A meaningful upward trend in debt from very low 2020–2022 levels to higher 2024–2025 leverage raises structural financial risk if industry conditions deteriorate. Rising debt increases fixed obligations and limits flexibility for cyclical capex or to weather prolonged completions slowdowns.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent positive operating cash flow and a $98M completions free cash flow quarter demonstrate durable cash generation ability. This supports reinvestment, debt servicing and PROPWR buildout funding, reducing reliance on short-term capital markets during cyclical downturns.
Read all positive factors
Propetro Holding (PUMP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.69B
Dividend YieldN/A
Average Volume (3M)2.83M
Price to Earnings (P/E)1198.4
Beta (1Y)1.17
Revenue Growth-11.65%
EPS Growth87.57%
CountryUS
Employees1,900
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.03
Shares Outstanding122,024,050
10 Day Avg. Volume2,146,513
30 Day Avg. Volume2,828,044
Financial Highlights & Ratios
PEG Ratio-11.91
Price to Book (P/B)1.19
Price to Sales (P/S)0.78
P/FCF Ratio23.24
Enterprise Value/Market Cap1.09
Enterprise Value/Revenue1.45
Enterprise Value/Gross Profit14.64
Enterprise Value/Ebitda9.67
Forecast
1Y Price Target
$16.75Price Target Upside21.03% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.12
Revenue Forecast (FY)$1.23B
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 c...
How the Company Makes Money
ProPetro makes money by contracting with exploration and production (E&P) companies to perform hydraulic fracturing and other completion-related services on their wells. Its primary revenue stream is pressure pumping services, where it is paid to ...
Propetro Holding Earnings Call Summary
Earnings Call Date:Feb 18, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 05, 2026
Earnings Call Sentiment Positive
The call highlighted strong operational cash generation, a notable quarter-over-quarter adjusted EBITDA improvement (+45%), and significant commercial and financial progress for the PROPWR growth initiative (240 MW committed, ~550 MW ordered/delivered and a $163M equity raise that materially improved liquidity). These positives were balanced against persistent industry headwinds: a meaningful slowdown in completions activity (Permian fleets down from ~90–100 to ~70), modest revenue decline (-1% QoQ), near-term weather-related impacts to Q1 profitability, and substantial capital required to scale PROPWR. On balance, the company demonstrated financial resilience, disciplined capital allocation, and a clear growth runway for PROPWR that outweigh near-term market challenges.Positive Updates
Strong Q4 Cash Generation and Free Cash Flow
Net cash provided by operating activities of $81 million in Q4 2025 and free cash flow from the completions business of $98 million. Working capital tailwinds contributed an additional $28 million in cash in the quarter.
Negative Updates
Completions Market Slowdown and Industry Attrition
Significant slowdown in completions activity in the Permian with estimated ~70 full-time frac fleets operating vs. 90–100 a year ago. Management expects ongoing attrition among smaller competitors but acknowledges near-term market weakness and uncertainty.
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Q4-2025 Updates
Positive
Negative
Strong Q4 Cash Generation and Free Cash Flow
Net cash provided by operating activities of $81 million in Q4 2025 and free cash flow from the completions business of $98 million. Working capital tailwinds contributed an additional $28 million in cash in the quarter.
Read all positive updates
Company Guidance
ProPetro guided to full‑year 2026 capital expenditures of $390–$435 million, split roughly $140–$160M for the completions business (including $40–$50M for buyouts of five FORCE electric fleet leases) and $250–$275M for PROPWR; PROPWR currently has ~240 MW committed and ~550 MW delivered or on order (≈70% high‑efficiency gas reciprocating engines / 30% low‑emission turbines) at an average all‑in cost of ≈$1.1M per MW with deliveries expected by year‑end 2027, a reaffirmed target of ≥750 MW by YE2028 and ≥1 GW by YE2030, and management expects PROPWR to begin contributing meaningful earnings in H2 2026. In Q4 2025 ProPetro reported revenue of $290M, net income of $1M ($0.01/diluted share), Adjusted EBITDA of $51M (18% of revenue, +45% vs. Q3) with $17M of electric fleet lease expense included, completions free cash flow of $98M, net cash provided by operations of $81M, net cash used in investing of $39M, capex paid of $64M and incurred of $71M (≈$12M completions maintenance, ≈$59M PROPWR), working capital tailwind of $28M, $14M from asset sales and $11M from a note receivable. Liquidity remains healthy with cash of $91M and $114M ABL availability (total liquidity $205M) at 12/31/25 and pro forma cash of $236M and total liquidity of $325M as of 1/31/26 after net equity proceeds of ≈$163M; operationally the company expects ~11 active frac fleets in Q1 (weather‑impacted), will begin FORCE lease buyouts late‑2026 through 2028, and plans targeted completions CapEx for Tier IV refurbishments, fleet automation and measured direct‑drive gas unit additions.Propetro Holding Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.27B | 1.44B | 1.63B | 1.28B | 874.51M |
| Gross Profit | 126.09M | 167.04M | 317.71M | 268.77M | 78.87M |
| EBITDA | 190.96M | 50.30M | 301.70M | 137.10M | 65.55M |
| Net Income | 824.00K | -137.86M | 85.63M | 2.03M | -54.19M |
Balance Sheet | |||||
| Total Assets | 1.29B | 1.22B | 1.48B | 1.34B | 1.06B |
| Cash, Cash Equivalents and Short-Term Investments | 91.33M | 58.29M | 41.10M | 99.14M | 111.92M |
| Total Debt | 248.87M | 175.42M | 148.58M | 33.16M | 466.00K |
| Total Liabilities | 461.05M | 407.37M | 481.92M | 381.75M | 234.93M |
| Stockholders Equity | 829.84M | 816.27M | 998.39M | 954.03M | 826.30M |
Cash Flow | |||||
| Free Cash Flow | 42.48M | 112.00M | 3.87M | -19.25M | 11.19M |
| Operating Cash Flow | 228.80M | 252.29M | 374.74M | 300.43M | 154.71M |
| Investing Cash Flow | -149.81M | -155.10M | -384.13M | -349.75M | -104.29M |
| Financing Cash Flow | -38.10M | -80.11M | -46.12M | 26.26M | -7.28M |
Propetro Holding Technical Analysis
Neutral
13.84
Price Trends
12.72
Positive
11.33
Positive
8.65
Positive
Market Momentum
0.37
Positive
51.80
Neutral
28.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PUMP, the sentiment is Neutral. The current price of 13.84 is below the 20-day moving average (MA) of 14.32, above the 50-day MA of 12.72, and above the 200-day MA of 8.65, indicating a neutral trend. The MACD of 0.37 indicates Positive momentum. The RSI at 51.80 is Neutral, neither overbought nor oversold. The STOCH value of 28.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PUMP.
Propetro Holding Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $161.92M | 4.31 | 21.30% | ― | 16.61% | -72.29% | |
77 Outperform | $2.42B | 30.15 | 5.41% | ― | 0.31% | 33.08% | |
70 Outperform | $484.50M | 25.71 | 7.43% | 0.63% | 9.53% | 15.48% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | $4.56B | 20.22 | 7.25% | 1.78% | -12.05% | -46.45% | |
61 Neutral | $1.69B | 1,198.42 | 0.10% | ― | -11.65% | 87.57% | |
60 Neutral | $689.36M | -3.63 | -16.46% | ― | -11.02% | ― |
* Energy Sector Average
PUMP
Propetro Holding
13.84
8.21
145.83%
NGS
Natural Gas Services Group
38.21
19.38
102.95%
OIS
Oil States International
11.45
7.69
204.52%
NCSM
Ncs Multistage Holdings
63.61
36.65
135.94%
LBRT
Liberty Energy
28.16
16.76
147.00%
NESR
National Energy Services Reunited
24.05
17.83
286.66%
Propetro Holding Corporate Events
Business Operations and StrategyPrivate Placements and Financing
ProPetro Expands Equipment Financing Capacity with Loan Amendment
Positive
Feb 10, 2026
On February 6, 2026, ProPetro Energy Solutions, LLC, a subsidiary of ProPetro Holding Corp., amended its Master Loan and Security Agreement with Caterpillar Financial Services to increase available funding by an additional $53.55 million to financ...
Business Operations and StrategyPrivate Placements and Financing
ProPetro Holding Prices Upsized Public Equity Offering
Positive
Jan 28, 2026
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....
Business Operations and StrategyPrivate Placements and Financing
ProPetro Launches Public Offering to Fuel Power Expansion
Positive
Jan 26, 2026
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 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.