ProPetro returns to profit as power spending reaches US$128M. PROPWR has about 510 MW under contract, while ProPetro targets 250 to 275 MW deployed by the end of 2026. For the quarter ended Sept. 30, US$13 million in net income marked a return to profit for ProPetro Holding Corp. NYSEPUMP in results released on Wednesday. Its PROPWR power business incurred US$128 million in capital spending during the quarter, out of US$171 million companywide. The Midland, Texas, completions and power-services provider reported about 510 megawatts committed under contract as of its Oct. 28 update. That includes long-term contracts with a subsidiary of Targa Resources Corp. NYSETRGP, a midstream services provider. ProPetro's Sept. 22 contract announcement committed about 230 megawatts to support Targa's Permian Basin natural gas processing infrastructure, with full deployment expected in early 2028. It disclosed neither a duration in years nor a price per megawatt-hour. ProPetro shares rose to US$7.65 on the NYSE as of 10:54 a.m. EDT on Oct. 28, according to the NYSEPUMP quote on Google Finance. Management's next deployment target is approximately 250 to 275 megawatts by the end of 2026. For the quarter ended Sept. 30, revenue increased to US$355 million from US$306 million in the second quarter, driven by higher completions utilization and incremental power deployments. Net income of US$0.09 per diluted share compared with a second-quarter loss of US$8 million, or US$0.07 per diluted share. In its Oct. 28 release, ProPetro reported that adjusted EBITDA, a non-GAAP measure, increased to US$60 million from US$45 million in the second quarter. PROPWR's contribution remained smaller than its share of capital spending. "PROPWR generated approximately $8 million of Adjusted EBITDA in the third quarter, a meaningful sequential increase," ProPetro chief executive Sam Sledge said in the Oct. 28 release. Operating cash flow for the quarter ended Sept. 30 fell to US$46 million in the third quarter from US$66 million in the preceding quarter. ProPetro attributed the decline primarily to working capital changes, partly offset by higher adjusted EBITDA. At Sept. 30, cash totalled US$729 million and total liquidity was US$934 million, according to the earnings release's financial summary. Cash included proceeds from a US$690 million convertible note issuance. Equipment financing borrowings stood at US$172 million. Capital spending paid for the quarter ended Sept. 30 was US$123 million. The gap against incurred spending primarily reflected equipment financed and paid directly by a financing partner, together with unpaid capital expenditures. Equipment deliveries extend through 2031. Caterpillar Inc. NYSECAT said in its April 29 framework announcement that PROPWR agreed to purchase at least 1.5 gigawatts of incremental generation assets. An option could increase that amount to about 2.1 gigawatts. Including previously ordered equipment, the agreement positions PROPWR for approximately 2.6 gigawatts delivered by year-end 2031 and fully deployed in 2032. That equipment schedule extends beyond the capacity currently committed to customers. ProPetro said on Oct. 28 that discussions cover several hundred megawatts of additional data centre opportunities. Those negotiations remain separate from contracted capacity. The next operating milestone is the year-end 2026 deployment target. Management expects more than 500 megawatts deployed by early 2028, drawing on existing contracts and the anticipated scaling of one or more additional data centre customers.

Barclays cuts target for ProPetro Holding stock to USD 17.00. Published on 10/20/2026 at 19:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS Morgan Stanley set a USD 12.00 target on October 14, 2026. ProPetro Holding stock costs EUR 6.78 on October 20, 2026 at 7:01 p.m. CEST. Analyst targets and operating figures. * Barclays lowered its ProPetro target from USD 18.00 to USD 17.00 on October 15, 2026. * Morgan Stanley set a USD 12.00 target with a Hold rating on October 14, 2026. * ProPetro Holding stock costs EUR 6.78 at Lang & Schwarz on October 20, 2026 at 7:01 p.m. CEST. * Second-quarter revenue was USD 305.81 million, down 6.24 percent from the prior-year quarter. Barclays lowered its price target for ProPetro Holding from USD 18.00 to USD 17.00 on October 15, 2026, while keeping an Overweight rating, according to Markets Insider. ProPetro Holding stock was trading at EUR 6.78 at Lang & Schwarz on October 20, 2026 at 7:01 p.m. CEST. Morgan Stanley sets a lower bar. Morgan Stanley maintained a Hold rating and set a USD 12.00 target on October 14, 2026, according to Markets Insider. The two recent target changes leave a wide spread between the USD 12.00 Morgan Stanley view and the USD 17.00 Barclays target. Revenue fell in the second quarter. ProPetro reported USD 305.81 million of revenue for the second quarter ended June 30, 2026, compared with USD 326.15 million in the prior-year quarter. That was a 6.24 percent decline. The company also posted a GAAP net loss of USD 8.11 million, versus a USD 7.16 million loss a year earlier, according to Markets Insider. Price position and reporting date. The primary-market quote was USD 7.61 on the NYSE on October 20, 2026 at 1:07 p.m. ET, down USD 0.20 from the prior close. The same-day 52-week range was USD 5.68 to USD 18.50, placing the quote 33.98 percent above its yearly low. Trading volume reached 1,800,978 shares, while market capitalization stood at USD 934.1 million. ProPetro's next reporting date is October 28, 2026, when the company is scheduled to release third-quarter results. The date appears on the company's investor-relations page, which also lists the second-quarter report for the period ended June 30, 2026: ProPetro Holding. Analyst targets remain dispersed. The current target range shows how differently analysts value the oilfield-services provider. Barclays' USD 17.00 target is USD 5.00 above the Morgan Stanley target, while both remain above the NYSE quote of USD 7.61. The target reductions also contrast with the company's second-quarter revenue decline and continuing GAAP loss. Stock price and investor perspective. For investors, the next quantified checkpoint is the third-quarter report on October 28, 2026. Revenue, earnings and any update to operating expectations will determine whether the recent target cuts become a broader valuation reset or remain isolated research revisions. The stock was trading at EUR 6.78 at Lang & Schwarz on October 20, 2026 at 7:01 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of ProPetro Holding stock. ProPetro Holding stock at a glance. * Company: ProPetro Holding Corp. * ISIN: US74347M1080 * Ticker: PUMP * Primary exchange: NYSE * Price Lang & Schwarz (as of October 20, 2026, 7:01 p.m. CEST): EUR 6.78 * Market capitalization: USD 934.1 million (as of October 20, 2026) * 52-week range: USD 5.68-18.50 (as of October 20, 2026) * Sector / Industry: Energy / Oil and Gas Equipment and Services Sponsored Ad ProPetro stock: new analysis - 23 October. Fresh ProPetro information released. What's the impact for investors? Our latest independent report examines recent figures and market trends. Disclaimer regarding our articles: This is not investment advice, nor is it a recommendation to buy or sell. Information regarding prices, companies, and markets is provided without guarantee; changes may occur at any time. Stock market transactions can result in significant losses. Our articles are created and reviewed, in whole or in part, automatically with the assistance of AI. en | US74347M1080 | PUMP | boerse | 70376469 | bgmi

ProPetro's PROPWR signs 230-MW power deal with Targa for Permian gas processing. September 23, 2026 ProPetro's PROPWR has signed long-term contracts to provide approximately 230 MW of behind-the-meter power generation for Targa Resources' Permian basin natural gas processing operations, with full deployment expected in early 2028. (P&GJ) - ProPetro Holding Corp.'s PROPWR business has signed long-term contracts with a Targa Resources subsidiary to provide approximately 230 MW of behind-the-meter power generation capacity for natural gas processing infrastructure in the Permian basin. Full deployment of the power generation capacity is expected in early 2028. The new agreements bring PROPWR's total contracted capacity to approximately 510 MW. That figure also reflects previously announced oil and gas power capacity that is no longer under contract, allowing PROPWR to redeploy the associated capacity to Targa and make additional megawatts available for potential data center projects beginning in 2027. ProPetro said the Targa contracts will support continued investment in Permian basin natural gas processing infrastructure as U.S. gas demand grows from LNG exports, data center and artificial intelligence development, and additional gas-fired power generation. "These contracts reflect the significant and growing demand for reliable, behind-the-meter power across the energy value chain, and the essential role midstream infrastructure plays in moving Permian gas to various end markets," ProPetro CEO Sam Sledge said. Sledge said the agreements demonstrate PROPWR's ability to provide power at scale and establish a new long-term relationship with Targa as the midstream company continues to expand its infrastructure footprint.