CORRECTED-ProPetro Q4 revenue beats analyst expectations

Overview

• Oilfield services firm's Q4 revenue fell, but beat analyst expectations

• Adjusted EBITDA for Q4 increased, beating analyst estimates

• Company raised $163 mln through equity offering to support PROPWR growth

Outlook

• ProPetro anticipates 2026 capital expenditures between $390 mln and $435 mln

• PROPWR capital expenditures expected between $250 mln and $275 mln in 2026

• Company expects positive PROPWR earnings in second half of 2026

Result Drivers

• COST MANAGEMENT - ProPetro's effective cost management and rationalization efforts improved margins and increased Adjusted EBITDA

• PROPWR EXPANSION - Significant investments and new contracts in PROPWR division expected to drive future growth

• HOLIDAY IMPACT - Revenue slightly decreased due to reduced hydraulic fracturing activity during holiday period

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil related services and equipment peer group is "buy"

• Wall Street's median 12-month price target for ProPetro Holding Corp is $12.00, about 0.1% below its February 17 closing price of $12.01

Press Release: ID:nBwc7g3xTa

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