Management cited upfront costs to stand up a 12th fleet, unexpected downtime on a temporary out-of-basin deployment, and severe Permian weather in June.
PROPWR added about 110 megawatts of contracted capacity to roughly 350 megawatts, deployed assets at a Midwest hyperscaler data center, and secured a Caterpillar framework for up to about 2.1 gigawatts over five years.
2Q FY26 results and cash flow
ProPetro posted 2Q26 revenue of $306 million, up 13% from 1Q26, while the GAAP net loss widened to $8.11 million.
Non-GAAP adjusted EBITDA climbed 23% from 1Q26 to $44.77 million as free cash flow for the completions business swung to $51.1 million.
Cash flow from operations rose to $66.05 million from $2.73 million in 1Q26, while total liquidity increased to $905 million.
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