BUZZ - ProPetro shares rise as earnings and revenue both exceed expectations

October 28 - ** Shares of oilfield services provider ProPetro Holding (PUMP.N) rose 12.4% in pre-market trading to $8.50

** The company reported fourth-quarter adjusted core profit of $60 million, exceeding analysts' expectations of $53.7 million (link) — LSEG data

** Third-quarter revenue was announced at $355 million, higher than analysts' forecast of $320.8 million

** The company expects capital expenditure for fiscal year 2026 to be between $525 million and $575 million

** Chief Executive Officer Sam Sledge stated that ongoing progress in the power generation business (PROPWR), along with revenue and volume growth across all completion service lines, drove performance in the third quarter

** Out of 14 brokers, 9 have rated the stock “Buy” or higher, while 5 have given a “Hold” rating; the median target price is $14.75 — data compiled by LSEG

** As of the close of the previous trading day, the stock has dropped by 20.5% year-to-date

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