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ProPetro Holding Corp (PUMP)

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ProPetro returns to profit as power spending reaches US$128M
Oct 28, 2026

ProPetro returns to profit as power spending reaches US$128M

ProPetro Holding Corp. returned to profitability in the third quarter of 2026, reporting US$13 million in net income, largely driven by its PROPWR power business which incurred US$128 million in capital spending. The company has approximately 510 megawatts under contract, including a significant agreement with Targa Resources Corp., and aims to deploy 250 to 275 megawatts by year-end 2026. This financial turnaround reflects increased completions utilization and incremental power deployments, despite a decline in operating cash flow attributed to working capital changes.
Company relevance
100.00%
Company sentiment
Bullish
Overall sentiment
Bullish