ProPetro 2Q FY26 net loss widens to $8 million; revenue rises 13% to $306 million

Reuters2026/07/29 11:05

By:Reuters

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

ProPetro posted 2Q26 revenue of $306 million, up 13% from 1Q26, while the GAAP net loss widened to $8.11 million.
Non-GAAP adjusted EBITDA climbed 23% from 1Q26 to $44.77 million as free cash flow for the completions business swung to $51.1 million.
Cash flow from operations rose to $66.05 million from $2.73 million in 1Q26, while total liquidity increased to $905 million.
Management cited upfront costs to stand up a 12th fleet, unexpected downtime on a temporary out-of-basin deployment, and severe Permian weather in June.
PROPWR added about 110 megawatts of contracted capacity to roughly 350 megawatts, deployed assets at a Midwest hyperscaler data center, and secured a Caterpillar framework for up to about 2.1 gigawatts over five years.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ProPetro Holding Corp. published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

ProPetro 2Q FY26 net loss widens to $8 million; revenue rises 13% to $306 million

You may also like

Crypto prices