# ProPetro Holding Corp. (PUMP)

> Source: Nexqual · https://nexqual.com/PUMP · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, ProPetro Holding Corp. (PUMP), nexqual.com/PUMP" · informational, not investment advice.

**Price:** USD 7.22 (-5.62% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 7.65 · day 7.03–7.7 · 52w 5.96–18.5 · market cap $887M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.16B, net income -$13.4M (-1.2% margin), free cash flow -$21.5M (SEC filings).
- 1 of 80 tracked superinvestors hold PUMP (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $278M; 3 not under a Rule 10b5-1 plan ($278M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.07 on a 1–5 scale) (14 analysts), mean target USD 15.69 (range 11–21).
- Total return with dividends: 1Y +14.1% vs S&P 500 +14.9%; 5Y -29.2% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD -0.01, revenue estimate $321M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $875M | $1.28B | $1.63B | $1.44B | $1.27B | $1.16B |
| Operating income | -$68.7M | -$2.6M | $130M | -$167M | $6.3M | -$11.2M |
| Net income | -$54.2M | $2.0M | $85.6M | -$138M | $824K | -$13.4M |
| EPS (diluted) | -$0.53 | $0.02 | $0.76 | -$1.31 | $0.01 | — |
| Free cash flow | $11.2M | -$19.3M | $3.9M | $112M | $45.3M | -$21.5M |
| Operating margin | -7.9% | -0.2% | 8.0% | -11.6% | 0.5% | -1.0% |
| Net margin | -6.2% | 0.2% | 5.3% | -9.5% | 0.1% | -1.2% |
| Revenue growth | +10.8% | +46.3% | +27.4% | -11.4% | -12.1% | — |
| Cash + short-term investments | $112M | $89.1M | $41.1M | $58.3M | $91.3M | — |
| Total debt | $0K | $30.0M | $45.0M | $45.0M | $122M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.8x · P/B 0.9x · FCF yield -2.43% · Earnings yield -1.51%
P/E at fiscal year-ends: Dec 2025 1216.4x, Dec 2023 11.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold PUMP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.02% | $11.1M | Added +49.8% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-04 | Munoz Adam | President and COO | 70,696 | $790K | 32.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-04 | Lawrence G Larry | Director | 35,831 | $400K | 56% | No | Too little history (no open-market trades in 2024) |
| 2026-05-20 | Exxon Mobil Corp |  | 16,600,000 | $277M | 100% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.07 on a 1–5 scale), 14 analysts; mean target USD 15.69 (low 11, high 21).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Barclays | Target lowered | Overweight | $18 → $17 |
| 2026-10-14 | Morgan Stanley | Target lowered | Equal-Weight | $13 → $12 |
| 2026-10-02 | Citigroup | Target lowered | Buy | $16 → $14.5 |
| 2026-09-29 | Scotiabank | Initiated | Sector Perform | $12 |
| 2026-09-14 | Morgan Stanley | Initiated | Equal-Weight | $13 |
| 2026-08-27 | Piper Sandler | Target lowered | Overweight | $18 → $15 |
| 2026-08-05 | Barclays | Target lowered | Overweight | $23 → $18 |
| 2026-08-03 | Citigroup | Target lowered | Buy | $20 → $16 |
| 2026-08-03 | Stifel | Target lowered | Buy | $23 → $20 |
| 2026-07-30 | Piper Sandler | Target lowered | Overweight | $20 → $18 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +14.1% | -29.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +14.1% | -6.7% |
| Volatility (annualized) | 72.0% | 61.7% |
| Max drawdown | -60.3% (Apr 2026→Oct 2026) | -70.2% (Apr 2022→Sep 2025) |

## Peers (Oil & Gas Equipment & Services)
FET (Forum Energy Technologies, Inc.) USD 81.56 -5.96% · FTK (Flotek Industries, Inc.) USD 23.2 -7.57% · AESI (Atlas Energy Solutions Inc.) USD 8.6 -8.41% · VTOL (Bristow Group, Inc.) USD 38.03 -1.32% · RES (RPC, Inc.) USD 6.02 -4.75% · NEXT (NextDecade Corporation) USD 5.91 -2.31%

## More
Full page: https://nexqual.com/PUMP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Hydraulic Fracturing | $207.2M | 67.8% | -15.7% |
| Wireline | $57.5M | 18.8% | +19.9% |
| Cementing | $32.0M | 10.5% | -1.3% |
| Power Generation | $9.3M | 3.0% | — |
| Total revenue | $305.8M | 100% | — |

## Customer concentration

Period ended 2025-12-31: 24.9%, 13.7%, 12.1%, 11.2%, 0% of revenue from unnamed direct customers (10-K, filed 2026-02-19).

## Company outlook (8-K filed 2026-07-29)

- "The Company anticipates full-year 2026 capital expenditures incurred to be between $525 million and $595 million, down from the $540 million to $610 million range highlighted in the Company's first quarter earnings report."
- "Of this, the completions business is expected to account for approximately $125 million to $145 million, down from the prior $140 million to $160 million range."
- "Prior guidance contemplated at least two fleet buyouts during 2026; the Company now expects to complete its first planned buyout this year, at a cost of between $15 million and $20 million, with the second shifting into early 2027."
- "Additionally, the Company anticipates incurring capital expenditures of approximately $400 million to $450 million for its PROPWR business in 2026, consistent with prior guidance."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.01 | $0.03 | -123.1% | $321.0M | 9 |
| Next quarter (ends 2026-12-31) | $0.01 | $0.03 | -76.7% | $330.8M | 9 |
| Current fiscal year (ends 2026-12-31) | $-0.06 | $0.03 | -309.0% | $1.22B | 10 |
| Next fiscal year (ends 2027-12-31) | $0.24 | $0.41 | -41.8% | $1.41B | 10 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-28): ±20.4%; last 8 reports averaged ±10.7%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 88.4% | ±20.4% |
| 2026-12-18 | 56 | 73.1% | ±23.5% |
| 2027-03-19 | 147 | 72.3% | ±37.0% |
| 2027-06-17 | 237 | 71.3% | ±46.1% |