ProPetro Commences Underwritten Public Offering of 12.5M Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 26 2026
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Should l Buy PUMP?
ProPetro Holding Corp. announced the commencement of an underwritten public offering of 12.5M shares of its common stock. The company intends to use the net proceeds it receives from the offering for general corporate purposes, including to fund growth capital for additional power generation equipment. Goldman Sachs & Co. is serving as lead book-running manager for the offering.
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Analyst Views on PUMP
Wall Street analysts forecast PUMP stock price to rise
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 12.010
Low
11.00
Averages
14.40
High
20.00
Current: 12.010
Low
11.00
Averages
14.40
High
20.00
About PUMP
ProPetro Holding Corp is an integrated energy service company, which is focused on providing hydraulic fracturing, wireline, and other complementary energy and power generation services to upstream oil and gas companies engaged in the exploration and production (E&P) of North American oil and natural gas resources. Its segments include hydraulic fracturing (inclusive of acidizing and wet sand solutions), wireline, cementing and power generation services. Its hydraulic fracturing fleets range from approximately 50,000 to 80,000 HHP depending on the job design and customer demand at the wellsite. It owns and operates a fleet of mobile wireline units and other auxiliary equipment to perform well completion services. It provides cementing services for the completion of new wells and remedial work on existing wells. It has formed PROPWR to provide power generation services to oil and gas producers and for non-oil and gas applications such as general industrial projects and data centers.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Operational Slowdown: CEO Sam Sledge highlighted a significant slowdown in completions activity in 2025, with the Permian region's full-time frac fleet count dropping from 90-100 to approximately 70, indicating weakened market demand that could impact future revenue growth.
- Stable Financial Performance: Despite challenges, ProPetro reported fourth-quarter revenue of $290 million, a 1% decrease from the third quarter, but net income of $1 million demonstrates effective cost control and cash flow maintenance, bolstering investor confidence.
- Capital Expenditure Plans: CFO Weatherl indicated that capital expenditures for 2026 are expected to range between $390 million and $435 million, with $140 million to $160 million allocated for the completions business, reflecting the company's cautious optimism and strategic investments for future market conditions.
- PROPWR Growth Outlook: Sledge reaffirmed PROPWR's five-year growth target, aiming for at least 750 megawatts of capacity by the end of 2028 and over 1 gigawatt by the end of 2030, indicating the company's long-term strategic positioning in the renewable energy sector.
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- Earnings Performance: ProPetro reported a Q4 GAAP EPS of $0.01, beating expectations by $0.13, indicating an improvement in profitability despite a 9.6% year-over-year revenue decline.
- Revenue and Adjusted EBITDA: The company achieved Q4 revenue of $289.68 million, exceeding estimates by $3.68 million, while adjusted EBITDA rose from $35 million in Q3 to $51 million, reflecting enhanced operational efficiency.
- Strong Cash Flow: Net cash provided by operating activities reached $81 million in Q4, a significant increase from $42 million in Q3 2025, bolstering the company's financial flexibility and investment capacity.
- Future Capital Expenditure Guidance: The company anticipates full-year 2026 capital expenditures between $390 million and $435 million, with the Completions business expected to account for $140 million to $160 million, indicating a continued commitment to investing in its electric fleet portfolio.
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- Earnings Announcement Schedule: ProPetro is set to release its Q4 earnings on February 18 before market open, with a consensus EPS estimate of -$0.12, reflecting a 29.4% year-over-year decline, which may negatively impact investor sentiment.
- Revenue Expectations: The anticipated revenue for Q4 is $286 million, representing a 10.8% year-over-year decrease, indicating challenges the company faces in the current market environment that could affect its future growth strategies.
- Historical Performance Review: Over the past year, ProPetro has not met EPS estimates 0% of the time and has only beaten revenue estimates 25% of the time, reflecting ongoing pressure on profitability that may undermine investor confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen 5 upward revisions and 1 downward revision, while revenue estimates have had 2 upward revisions with no downward adjustments, indicating cautious optimism in the market regarding the company's future performance.
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- Legal Action Impact: A class action lawsuit targeting Solana's ecosystem has named Solana Labs and the Solana Foundation as defendants, and markets tend to react quickly to legal threats, leading investors to de-risk and exacerbating downward price pressure.
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- Legal Risks: A new class action lawsuit against Solana's Pump.fun platform alleges securities law violations, potentially forcing the closure of some key entities within its ecosystem, and the market's sensitivity to such legal threats could exacerbate downward price pressure.
- Economic Activity Support: Despite facing challenges, Solana maintains a total value locked (TVL) of $7.2 billion in decentralized finance (DeFi) applications and hosts $13.4 billion in stablecoins, indicating its continued significance in on-chain economic activities.
- Future Outlook: Analysts predict that Solana's price may dip further in the coming months, but if the legal environment does not worsen, it is expected to recover above $120 by year-end, with a long-term target of $250, reflecting its potential for market recovery.
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