ProPetro Holding Corp. — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
ProPetro reported Q3 2026 revenue of $355M (up 16% QoQ), net income of $13M ($0.09 diluted EPS vs. $8M loss prior quarter), and Adjusted EBITDA of $60M (up 33% QoQ). PROPWR generated ~$8M Adjusted EBITDA with ~510MW total contracted capacity (including new ~230MW Targa agreement), targeting 500+ MW deployed by early 2028 and ~2.6 GW by 2031. Completions segment returned to profitability but margins pressured by rebuilding costs; 13 active frac fleets now sold out. Company raised $690M convertible notes in May 2026; total liquidity $934M as of Sept 30, 2026.
Why this rating
Q3 shows execution recovery (profitability, PROPWR commercial wins, tight frac market) but PROPWR remains pre-revenue-scaling; meaningful capex ($327M 9-mo YTD) vs. $514M market cap is material, yet rebuilding costs and data center deal delays temper near-term upside.
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