ProPetro Holding stock reports Q2 revenue of USD 305.81 million

Published on 10/04/2026 at 15:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ProPetro Holding stock reported Q2 revenue of USD 305.81 million, while PROPWR committed 230 MW to Targa on September 22, 2026. Analysts cite a USD 15.25 average target.

PUMP, US74347M1080, Illustration mit AI erstellt.

ProPetro Holding (ISIN US74347M1080) closed at USD 9.25 on the NYSE on October 2, 2026, up 2.77 percent from the prior session. The company reported Q2 2026 revenue of USD 305.81 million and a diluted loss of USD 0.07 per share, keeping operating performance at the center of the stock story.

Power contracts broaden the story

On September 22, 2026, PROPWR, ProPetro's power division, signed long-term contracts committing 230 MW of generation capacity to a Targa Resources subsidiary. According to ProPetro, contracted PROPWR capacity reached 510 MW after the agreements, with full deployment for the Targa project expected in early 2028.

The contracts also make additional capacity available for potential data center deployments from 2027 onward. That changes the earnings mix investors are watching: hydraulic fracturing remains the established business, while power generation adds a longer-dated infrastructure component.

Q2 revenue rose sequentially

ProPetro's Q2 2026 revenue increased 13 percent from USD 270.685 million in Q1 2026, but the latest quarter still produced a USD 8.113 million net loss. The Q2 loss of USD 0.07 per diluted share missed the USD 0.01 consensus loss by USD 0.06, while revenue exceeded the USD 304.48 million estimate, according to MarketBeat.

Cash generation offered a counterpoint in Q2 2026. Net cash from operating activities reached USD 66.046 million, compared with USD 2.733 million in Q1 2026, while the company held USD 783.958 million in cash at June 30, 2026.

Analysts retain a higher valuation

MarketBeat lists a Moderate Buy consensus from 13 analysts for the 12 months through October 3, 2026, with 8 Buy, 4 Hold and 1 Sell ratings. The average target is USD 15.25, with a USD 12.00 low and USD 20.00 high, placing the average target 64.88 percent above the October 2 closing price.

The latest listed action was Citigroup's October 2, 2026 target cut from USD 16.00 to USD 14.50 while retaining a Buy rating, according to MarketBeat. The contrast is clear: the analyst average remains above the market quote, but target reductions and recurring quarterly losses keep execution central to the valuation.

Stock remains below its yearly high

PUMP's October 2, 2026 close of USD 9.25 stood below its 52-week high of USD 18.50 and above its 52-week low of USD 4.87. The NYSE-listed stock had a market capitalization of USD 1.1 billion at that date, making the PROPWR contracts and the Q2 earnings trajectory the two measurable reference points for the current valuation.