ProPetro Q3 revenue rises 16%, beats analyst estimates
PUMP•ProPetro’s third-quarter revenue rose 16% sequentially to $355 million, beating the $320.76 million analyst estimate. Adjusted EBITDA increased 33% to $60 million, above the $53.74 million estimate.
1. Quarterly results
ProPetro reported third-quarter revenue of $355 million and adjusted EBITDA of $60 million, beating analyst estimates of $320.76 million and $53.74 million, respectively. Net income was $13.02 million, and earnings per share were $0.09.
2. Outlook and drivers
The company attributed the improved results to higher utilization in its completions business and additional PROPWR deployments. It expects full-year 2026 capital expenditures incurred of $525 million to $575 million, higher PROPWR capital expenditures in 2027 than in 2026, and 2027 earnings weighted toward the latter part of the year.
