ProPetro Holding Corp. (PUMP) Earnings Call Transcripts

ProPetro Holding Corp.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, ProPetro Holding Corp. reported total revenue of $271 million, a decrease of 7% quarter-over-quarter, and a net loss of $4 million, translating to a loss of $0.03 per diluted share. Despite adverse weather conditions impacting operations, management emphasized the resilience of their completions business and the positive trajectory of their PROPWR segment, which is expected to drive future earnings growth. The company raised its full-year 2026 capital expenditure guidance to a range of $540 million to $610 million, up from previous estimates, reflecting increased investments in both completions and PROPWR initiatives.

Reported metrics

Guidance from management

ProPetro anticipates full-year 2026 capital expenditures to be between $540 million and $610 million, reflecting increased investments in both the completions business and PROPWR. The company expects to run approximately 12 fleets in Q2, up from 11 in Q1.

What management said

Yes. I think we've said from the beginning, Saurabh, that our strategy has been to choose the right technology for the right project. And I think signing up with Caterpillar gives us probably the widest range of options on the market. So we've continued to lean into the reciprocating engines. That's what we're going to do with this framework agreement. And that's really anchored by the fact that larger, more power de...

Yes. I'll take the first part there, Saurabh. And as far as the cost of equipment, we've updated our guidance to between 1.4 million and 1.5 million per megawatt, and that's really driven by the type of equipment that we're expecting to put into these longer term or infrastructure-type projects to support the data center.

What analysts pressed on

Analysts expressed concerns regarding the impact of weather-related disruptions on revenue and profitability, as well as the potential for inflationary pressures on labor and operational costs if rig counts increase. There were also questions about the competitive landscape in the oil and gas sector versus data centers, particularly regarding contract terms and pricing dynamics.

Main topics on the call

• Revenue Decline — ProPetro experienced a revenue decline of 7% from the previous quarter, attributed to weather-related disruptions impacting operations. Management stated, "Despite weather-related disruptions that significantly impacted ...
• Increased Capital Expenditure Guidance — The company raised its full-year capital expenditure guidance to $540 million to $610 million, up from $390 million to $435 million. This increase is driven by planned investments in both the completions business and PRO...
• Strengthening Completions Market — Management noted early signs of recovery in the completions market, driven by tightening supply and improving pricing dynamics. They stated, "We recognize the improving completions market, which is benefiting from a stro...
• PROPWR Growth Potential — ProPetro's PROPWR segment is positioned for significant growth, with a strategic framework agreement with Caterpillar to acquire up to 2.1 gigawatts of additional power generation capacity. Management expressed confidenc...

Read the full ProPetro Holding Corp. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 ProPetro Holding Corp. earnings call transcripts on record, spanning April 1, 2020 to July 29, 2026. Based on this history, ProPetro Holding Corp. reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

PUMP

Exchange

NYSE

Country

US

Sector

Energy

Industry

Energy Equipment and Services

Calls on record

26

First call

April 1, 2020

Most recent

July 29, 2026

Reporting cadence

quarterly