Propetro Holding (PUMP) AI Stock Analysis

• Market Cap: $1.34B
• Dividend Yield: N/A
• Average Volume (3M): 1.92M
• Price to Earnings (P/E): 1716.4
• 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: 118,982,180
• 10 Day Avg. Volume: 2,035,478
• 30 Day Avg. Volume: 1,919,317
• PEG Ratio: -11.91
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 0.78
• P/FCF Ratio: 23.24
• Enterprise Value/Market Cap: 1.14
• Enterprise Value/Revenue: 1.20
• Enterprise Value/Gross Profit: 12.12
• Enterprise Value/Ebitda: 8.11
• 1Y Price Target: $15.25
• Price Target Upside: 35.68% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: $12.00 ▲(6.76% Upside)

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

Consistent operating cash generation

Sustained positive operating cash flow and strong completions FCF provide durable internal funding for maintenance capex and strategic investments. This reduces reliance on external financing, supports margin resilience through cycles, and underpins the company’s ability to fund PROPWR scale-up over 2–5 years.

PROPWR commercial traction and scale-up

Rapid equipment orders and multi‑year contracted capacity materially diversify revenue into distributed power services. Large committed pipeline and clear multi‑year targets create a structural growth avenue that can generate recurring, higher‑margin cash flows as deployments and contracted earnings scale.

Strengthened liquidity and financing options

A material equity infusion plus expanded Caterpillar and leasing facilities meaningfully improve funding optionality for capital‑intensive PROPWR and fleet upgrades. This balance sheet cushion lowers near‑term funding risk and allows disciplined capital allocation during industry cyclicality.

Negative Factors

High capital intensity to scale PROPWR

Large, front‑loaded capital requirements for PROPWR create execution and financing risk: meaningful outflows must precede full earnings contribution. If deployment timing or contract renewals slip, cash conversion and ROIC could be pressured, extending the horizon to positive returns.

Rising debt trend versus prior years

An upward debt trajectory reduces financial flexibility and raises refinancing risk during industry downturns. Higher leverage can amplify profitability volatility, constrain future discretionary investments, and increase sensitivity to interest costs if commodity or completions activity weakens.

Completions market slowdown and revenue volatility

Structural declines in active completions fleets and persistent market headwinds drive volatile revenue and margins in the legacy business. Given the cyclical nature of E&P completions, prolonged weak activity can depress utilization, extend fleet idle time, and reduce predictable free cash generation.

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

Operating cash flow has been consistently positive and improved free cash flow in 2024–2025 supports resilience (Cash Flow score 71). This is partially offset by cyclical and inconsistent profitability (Income Statement score 56) and a meaningful upward trend in debt that increases risk (Balance Sheet score 63).

Income Statement

Revenue has been volatile, with strong growth in 2022–2023 followed by declines in 2024 and 2025. Profitability also swung materially: healthy earnings in 2023 turned into a sizable loss in 2024, then improved to near break-even in 2025 (annual). While the recovery from 2024 is a positive signal, margins and earnings consistency remain key weaknesses.

Balance Sheet

The company maintains a solid equity base (stockholders’ equity remains large relative to total assets), which supports balance sheet resilience. However, total debt has increased meaningfully versus earlier years (very low leverage in 2020–2022 to higher debt levels by 2024–2025), raising financial risk if industry conditions soften again. Overall leverage still appears manageable, but the debt trend is the main watch item.

Cash Flow

Operating cash flow has been consistently positive and relatively strong across the period, including during the 2024 loss year, indicating good cash generation quality. Free cash flow has been more uneven (notably very low in 2023 and negative in 2022), but improved strongly in 2024 and remained positive in 2025 (annual). The primary weakness is variability in free cash flow likely tied to changing spending needs.

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	193.43M	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

• Technical Analysis Sentiment: Neutral
• Last Price: 11.24
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 11.24 is below the 20-day moving average (MA) of 11.34, above the 50-day MA of 10.47, and above the 200-day MA of 7.43, indicating a neutral trend. The MACD of 0.31 indicates Positive momentum. The RSI at 51.84 is Neutral, neither overbought nor oversold. The STOCH value of 26.79 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NESR	77 Outperform	$2.49B	46.94	5.45%	―	0.31%	33.08%
NGS	74 Outperform	$471.59M	25.36	7.15%	0.63%	9.53%	15.48%
NCSM	71 Outperform	$99.07M	8.78	11.89%	―	16.61%	-72.29%
OIS	66 Neutral	$563.40M	26.67	3.31%	―	-11.02%	―
LBRT	66 Neutral	$4.39B	30.33	7.29%	1.78%	-12.05%	-46.45%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
PUMP	61 Neutral	$1.34B	1,716.42	-2.05%	―	-11.65%	87.57%

Propetro Holding Corporate Events

ProPetro Expands Equipment Financing Capacity with Loan Amendment

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 finance turbine generator sets and auxiliary equipment. The new equipment loans will move from floating-rate interim notes to fixed-rate term notes upon meeting milestones, will be secured by a first lien on the financed equipment and related proceeds, and will be fully and unconditionally guaranteed by ProPetro Holding Corp. and ProPetro Services, Inc., reinforcing the company’s capital access for fleet investment under customary covenant restrictions on the collateral.

The amendment to the company’s financing arrangements may strengthen ProPetro’s ability to upgrade or expand its equipment base, potentially enhancing operational efficiency and competitiveness in the oilfield services market. By structuring the loans in phased interim and term components and tying usage strictly to equipment purchases, the company aligns its capital structure more closely with asset-backed growth while maintaining standard protections for the lender and stakeholders.

The most recent analyst rating on (PUMP) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Propetro Holding stock, see the PUMP Stock Forecast page.

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.