ProPetro Q3: Revenue $355M, Net Income $13M, PROPWR EBITDA $8M
PUMP is trading near its 52-week low of $6.91 (12% above the low) on elevated volume (2.7× avg).
Summary
ProPetro returned to profit in Q3 2026 with $355M revenue, $13M net income and $60M Adjusted EBITDA, while PROPWR power generated about $8M of EBITDA on roughly 510 MW contracted. Heavy PROPWR capex kept quarterly free cash flow negative at $75.7M.
Key Events · Earnings and Guidance · PUMP
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Q3 Revenue Jumps 16% Sequentially
Total revenue was $355M versus $306M in Q2 2026, driven by higher completions utilization and incremental PROPWR deployments.
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Return to Profit, EBITDA Up 33%
Net income was $13M ($0.09 diluted EPS) versus a $8M net loss in Q2; Adjusted EBITDA rose to $60M, or 17% of revenue, from $45M.
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PROPWR Delivers $8M EBITDA
The power segment generated about $8M of Adjusted EBITDA in Q3, with contracted capacity at roughly 510 MW including the ~230 MW Targa award.
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Free Cash Flow Negative on Capex
Free cash flow was negative $75.7M for the quarter as capex paid of $123M and PROPWR equipment orders of $128M outpaced $46M of operating cash flow.
Analysis · PUMP · Energy & Transportation
ProPetro swung from a $8M net loss to $13M of net income as revenue rose 16% sequentially to $355M and Adjusted EBITDA jumped 33% to $60M. The PROPWR power business is now contributing real earnings — about $8M of Adjusted EBITDA — with roughly 510 MW under contract including the Targa award. Against that, free cash flow was negative $75.7M in the quarter as PROPWR capex of $128M outpaced cash generation, and management guided full-year 2026 capex to $525M-$575M. The completions fleet is essentially sold out with most contracts repricing in the first half of 2027, which is the setup for margin recovery after the rebuilding costs that weighed on Q2 and Q3.
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In the 30 days to Oct 29, 2026, 31.1% of the 1661 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, PUMP was trading at $7.76 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $953.1M. The 52-week trading range was $6.91 to $18.50. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.