ProPetro Holding Corp. 8K

ProPetro Holding Corp. announced second-quarter 2026 results showing higher revenue but a modest net loss, expanded its PROPWR contracted power capacity and financing, adjusted 2026 capital spending plans, and signaled improving completions market conditions with plans to add a thirteenth frac fleet and grow PROPWR earnings in late 2026 and 2027.

On July 29, 2026, ProPetro Holding Corp. reported its financial and operational results for the second quarter of 2026, disclosing a 13% sequential increase in revenue to $306 million, a widened net loss of $8 million, and a 23% increase in Adjusted EBITDA to $45 million, alongside strong operating cash flow and significant capital deployment toward its growing PROPWR power generation platform. The company highlighted resilient free cash flow from its completions business despite weather and operational disruptions, detailed a robust liquidity position bolstered by a recent $690 million convertible senior notes offering and an upsized Caterpillar equipment financing facility, and updated full-year 2026 capital expenditure guidance, including a modest reduction and timing shift in completions capex and sustained heavy investment in PROPWR. Management emphasized tightening frac market conditions, plans to activate a thirteenth frac fleet later in the third quarter, rapid expansion of contracted PROPWR megawatt capacity (now about 350 MW), a large pipeline of data center and oil and gas opportunities under negotiation, and an expectation that PROPWR will begin contributing positive and growing earnings in the second half of 2026 and into 2027.

Filing Facts

CIK

1680247

Ticker

-

Form

8K

Source Type

sec

Accession

0001680247-26-000095

Alert Tier

7