ProPetro Holding Corp (PUMP)
🔔 Watch stock
symbol.quality_heading
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Whoever holds ProPetro today owns a strong balance sheet and a competent crew, and is betting that PROPWR converts $1.1 billion of generators into contracted megawatt revenue before the frac downturn, the XTO fleets coming free in late 2026 and the next Tier II write-down eat the cushion that makes the bet payable. Whoever buys today at about three times a 2027 estimate is paying for a fifty-fold earnings increase in eighteen months and two simultaneous recoveries — the Permian and the power book — from a company whose last seven years netted below zero. Whoever waits will pay more if both work, and will see in the coming quarterly reports the one number that settles it: committed megawatts against megawatts on order. The decision is yours.
symbol.quality_note
ProPetro pumps the wells of the biggest Permian producers — ExxonMobil, Occidental, EOG. The chart is in an uptrend, the CEO is buying, institutions hold 95 percent, and the balance sheet is genuinely sound. We added up the annual reports anyway: from 2019 through 2025 — a full cycle, peak to trough — the company's net results total minus $47.6 million, revenue fell 12 percent in 2025 and almost a quarter in the first quarter of 2026, and in 2025 the equipment cost more than the business brought in. The answer to that is a $1,106.0 million minimum order for power generators. Not investment advice — just the arithmetic of a company that never stops running, and rarely arrives.
Read the analysis
Stock Watch
This analysis is as of July 16, 2026. Stock Watch will tell you what's changed at PUMP since then.
Later $1 a month per stock — signing up is free, and you'll be the first to know when it launches.
Appears in These Scanners
This stock currently matches 13 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 11.10 $ — 48% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AI Rating
NeutralErneut geprüft am 16.07.2026 gegen den Geschäftsbericht (10-K) 2025 (eingereicht 19.02.2026) und den jüngsten Quartalsbericht (10-Q) per 31.03.2026 (eingereicht 30.04.2026): In den ausgewerteten SEC-Filings von ProPetro (Oilfield-Services im Permian-Becken — Hydraulic Fracturing 73,2 %, Wireline 16,5 %, Cementing 10,3 %, Stromerzeugung PROPWR 0 % des Umsatzes 2025) findet sich weiterhin kein wesentlicher eigener KI-Bezug: keine KI-Produkte oder -Dienste als Umsatzquelle, kein belegter operativer KI-Einsatz, kein konkretes KI-Geschäftsrisiko fürs eigene Modell. Die vier KI-Erwähnungen im 10-K 2025 sind sämtlich generisch oder Marktkontext: (1) eine Boilerplate-Floskel zu KI-generierten Deepfakes im Cybersicherheits-Risikoabschnitt, (2) ein Listeneintrag „technical advances affecting energy consumption, including resulting from artificial intelligence“ in den Forward-Looking-Faktoren, (3) ein pauschaler Wettbewerbs-Risikofaktor zu neuen Technologien „including AI“ ohne KI-spezifischen Bezug zum Frac-Geschäft (nach Kriterienkatalog Boilerplate, also kein „bedroht“-Beleg), und (4) der Hinweis, dass die wachsende KI-Nutzung die Stromnachfrage von Rechenzentren erhöht. Der 10-Q per 31.03.2026 enthält null KI-Erwähnungen. Neu seit der Vor-Einstufung: Am 28.04.2026 hat die Tochter PROPWR ein Rahmenabkommen mit Caterpillar über rund 1,5 Gigawatt Stromerzeugungsanlagen mit einer Mindestabnahmeverpflichtung von rund 1.106,0 Mio. US-Dollar geschlossen; adressierter Endmarkt sind ausdrücklich auch Rechenzentren. Das verstärkt das KI-nahe Endmarkt-Narrativ erheblich, bleibt aber der Verkauf von Strom bzw. Stromerzeugungs-Dienstleistungen und kein Verkauf eigener KI-Produkte — Endmarkt-Exponierung allein begründet nach Kriterienkatalog kein „verkauft“ (analog zur Einstufung von ALNT). Befund gegenüber der Vor-Einstufung vom 10.07.2026 bestätigt.
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-K 2026-02-19 · 10-Q 2026-04-30 · 10-K 2025-02-20
Rated on July 16, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 62.6% above the current price.
- Consensus
- Sell
- Analyst Ratings
- 9
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -0.03 | -0.18 – 0.14 | 1,229 | -367.8% | 6 |
| 12/31/2027 | 0.30 | 0.02 – 0.79 | 1,433 | 1,201.5% | 6 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -0.17 | – | 321 | -7.80 | -5.30 | 38 | 10 |
| 2025: Q1 | 0.09 | -50.00 | 359 | -11.40 | 2.70 | 55 | 14 |
| 2025: Q2 | -0.07 | – | 326 | -8.60 | -2.20 | 54 | 17 |
| 2025: Q3 | -0.02 | – | 294 | -18.60 | -0.80 | 42 | -2 |
| 2025: Q4 | 0.01 | – | 290 | -9.60 | 0.30 | 79 | 15 |
| 2026: Q1 | -0.03 | -134.10 | 271 | -24.70 | -1.30 | 3 | -41 |
| 2026: Q2 | -0.07 | 0.00 | 306 | -6.30 | -2.60 | 66 | 5 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 437 | -67 | -53 | -0.66 | 11 | 221 | 541 |
| 2017 | 982 | 24 | 13 | 0.16 | 109 | 413 | 719 |
| 2018 | 1,705 | 233 | 174 | 2.00 | 393 | 797 | 1,275 |
| 2019 | 2,052 | 221 | 163 | 1.57 | 455 | 969 | 1,436 |
| 2020 | 789 | -131 | -107 | -1.06 | 139 | 871 | 1,051 |
| 2021 | 875 | -69 | -54 | -0.53 | 155 | 826 | 1,061 |
| 2022 | 1,280 | -3 | 2 | 0.02 | 300 | 954 | 1,336 |
| 2023 | 1,630 | 130 | 86 | 0.76 | 375 | 998 | 1,480 |
| 2024 | 1,444 | -167 | -138 | -1.31 | 252 | 816 | 1,224 |
| 2025 | 1,269 | 19 | 1 | 0.01 | 229 | 830 | 1,291 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
A disciplined, competent operator: fleets were idled rather than run "at sub-economic levels" (15 down to 11 during 2025), wireline grew 15.6 percent in Q1 2026 against a collapsing frac market, and 60 percent of the 1,259,500 hydraulic horsepower is now lower-emission equipment (445,000 Tier IV dual-fuel, 312,000 FORCE electric). Customers are the best-capitalized producers in the basin (annual report 10-K for 2025).
Unusually solid for the industry: $122.6 million of total debt against $829.8 million of equity and $91.3 million of cash (December 31, 2025); no revolver borrowings, $156.6 million of cash and $289.3 million of total liquidity as of March 31, 2026; Altman Z-score 6.29 (data as of July 8, 2026). This is the asset that makes the PROPWR bet possible at all.
The decisive finding: net results from 2019 through 2025 — a complete cycle — add up to minus $47.6 million (SEC XBRL, us-gaap:NetIncomeLoss). The 2025 profit of $0.8 million equals 0.06 percent of revenue; Q1 2026 was a $3.6 million loss. Roughly $830 million to $1 billion of equity was tied up throughout. The good years did not pay for the bad ones.
The treadmill is measurable: $281.2 million of capital expenditures incurred in 2025 against $231.6 million of operating cash flow (121 percent, after 83 percent in 2023 and 53 percent in 2024), funded partly by a January 2026 equity raise of 17.25 million shares at $10.00 and $81.1 million of vendor financing. The 2026 plan of $540–610 million is about 2.5 times the 2025 cash flow. The 2024 write-down of $188.6 million on Tier II diesel pumps (carrying value $252.4 million to a fair value of $63.8 million) shows why the spending never stops.
Top five customers 68.2 percent of 2025 revenue and rising (2024: 58.8 percent), ExxonMobil alone 24.9 percent — and the company itself states it does not expect the XTO agreement covering two of its eleven active fleets to be renewed beyond late 2026. Customer consolidation (ExxonMobil/Pioneer, May 2024) removes bidders rather than adding volume (annual report 10-K for 2025, Item 1A).
Genuinely both things at once. The opportunity is real — contracted power per megawatt is a structurally better business than per-job fracking, demand for behind-the-meter power in Texas is real, and 240 megawatts are already committed. The size is the problem: a minimum purchase obligation of about $1,106.0 million (Caterpillar, April 28, 2026) against a market value of roughly $1.65 billion, for a segment that billed $2.2 million in Q1 2026, consumed 84 percent of that quarter's capex, and has no contracted customer for roughly 56 percent of the 550 megawatts on order.
ProPetro is a well-run company in a business that does not reward being well run. The balance sheet is genuinely sound ($122.6 million of debt against $829.8 million of equity, Altman Z 6.29), the operators are disciplined, the customers are blue-chip — and yet the annual results from 2019 through 2025, a complete cycle, add up to a cumulative loss of $47.6 million. The reason is visible in the cash flow statement: in 2025 the equipment cost $281.2 million while the business produced $231.6 million, and the 2026 plan is 2.5 times that cash flow. Management's answer is an escape attempt — a $1,106.0 million minimum order for power generators, roughly two thirds of the market value, for a segment that billed $2.2 million last quarter. The chart, the scanner and the CEO are all buying the escape. The seven-year record is the thing being escaped from. Not investment advice.
- PUMP reached our research list via the Reddit hype scanner (ApeWisdom, 3 mentions in 24 hours, as of July 16, 2026) — the forums have barely noticed this stock; the 128 percent twelve-month rally ran without them. The 13 hits in our in-house stock scanner carry the July 8, 2026 data cut-off and rotate daily; notably, all 13 are strength filters while the fundamental grade is C and the EPS rating 14 of 99.
- The cycle figures (2019–2025) were taken from ProPetro's own machine-readable SEC filings (XBRL, us-gaap:NetIncomeLoss) rather than from a data vendor, and each year was checked against the annual report in which it was reported. Note that "capital expenditures incurred" ($281.2 million in 2025) is the company's own measure and includes vendor-financed equipment; the cash actually paid was $186.3 million, which is the figure most data feeds show.
- Price and valuation figures are dated to July 16, 2026 (about $13.43, market value roughly $1.65 billion); scanner, estimate and analyst data to July 8, 2026. Analyses are evergreen, daily prices are not a buy argument.
About the Company
ProPetro Holding Corp. ist ein integriertes Energiedienstleistungsunternehmen.
| CEO Insider Trades (12 Mo.) | buying own stock |
|---|---|
| Employees | 1,700 |
| Headquarters | Midland, TX |
| Address | One Marienfeld Place, 79701 Midland, United States |
| Phone | 432 688 0012 |
| Website | propetroservices.com |
| IPO Date | 17. Mar 2017 |
| ISIN | US74347M1080 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Samuel D. Sledge | CEO & Director | 1987 |
| Adam Munoz | President & COO | 1983 |
| Caleb L. Weatherl | Chief Financial Officer | 1988 |
| Celina A. Davila | Chief Accounting Officer | 1981 |
| John J. Mitchell J.D. | General Counsel & Corporate Secretary | 1983 |
| Shelby Kyle Fietz | Chief Commercial Officer | 1982 |
| Matt Augustine | Director of Corporate Development & Investor Relations | – |
| Travis Simmering | President of PROPWR | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.