ProPetro Holding (PUMP) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and ProPetro published the results on October 28, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• ProPetro's release compares Q3 2026 with the prior quarter, Q2 2026, not the year-ago quarter. The year-ago figures here come from the Q3 2025 column the release also prints.
• Power Generation is PROPWR, ProPetro's behind-the-meter power business, which began generating revenue in 2025; it had $0.2 million of revenue in Q3 2025.

Source: ProPetro Q3 2026 results, October 28, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How ProPetro splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• ProPetro's Hydraulic Fracturing revenue was $235 million in Q3 2026, up 12% from $210 million in Q3 2025, 66% of total revenue.
• ProPetro's Wireline revenue was $60.7 million in Q3 2026, up 16% from $52.2 million in Q3 2025, 17% of total revenue.
• ProPetro's Cementing revenue was $37.4 million in Q3 2026, up 18% from $31.6 million in Q3 2025, 11% of total revenue.
• ProPetro's Power Generation revenue was $22.3 million in Q3 2026, up 14096% from $0.2 million in Q3 2025, 6% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

ProPetro does not give a revenue or earnings outlook. Its guidance covers capital spending, frac fleet activity and PROPWR megawatts deployed.

In its Q3 2026 release, ProPetro said:

“The Company anticipates full-year 2026 capital expenditures incurred to be between $525 million and $575 million.”

“In addition, the Company anticipates incurring capital expenditures of approximately $400 million to $430 million for its PROPWR business in 2026, narrowed from prior guidance due to greater year-end visibility into the timing of additional equipment deliveries.”

“The Company currently expects to maintain steady activity of approximately 13 active frac fleets through the fourth quarter.”

“We expect to keep scaling deployments through year-end, reaching between approximately 250 and 275 megawatts deployed by the end of 2026 and stair-stepping to more than 500 megawatts by early 2028.”

Source: ProPetro Q3 2026 release, Oct 28, 2026.

This is the company's own guidance as of Oct 28, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the PUMP forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP service revenue and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for ProPetro's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 28, 2026

ProPetro had service revenue of $355.4 million in Q3 2026, up 16% from $305.8 million in Q2 2026 and up 21% from $293.9 million in Q3 2025. ProPetro said the sequential increase was primarily driven by increased utilization in its completions business and incremental deployments in PROPWR, its power generation business. (ProPetro Q3 2026 release, Oct 28, 2026)

Completions services for oil and gas producers in the Permian Basin are still most of the revenue. Hydraulic Fracturing brought in $235.2 million, Wireline $60.7 million and Cementing $37.4 million. ProPetro said two fleets were reactivated this year, bringing it to 13 active fleets, and that it is now essentially sold out of available frac capacity, with most contracted horsepower coming up for renewal in the first half of 2027. (ProPetro Q3 2026 release, Oct 28, 2026; ProPetro Q3 2026 earnings call scripted remarks, Oct 28, 2026; ProPetro Form 10-K, 2025, Feb 19, 2026)

Power Generation revenue was $22.3 million, against $9.3 million in Q2 2026 and $0.2 million a year earlier. PROPWR generated approximately $8 million of Adjusted EBITDA. Its capacity committed under contract reached approximately 510 megawatts, including approximately 230 megawatts under an agreement with Targa, and its first data center deployment, for a hyperscaler in the U.S. Midwest, is live. (ProPetro Q3 2026 release, Oct 28, 2026)

ProPetro's revenue is concentrated in a few large producers. In 2025 its top five customers accounted for approximately 68.2% of revenue: ExxonMobil 24.9%, Occidental Petroleum 13.7%, EOG Resources 12.1% and Permian Resources 11.2%. (ProPetro Form 10-K, 2025, Feb 19, 2026)

ProPetro earned $0.09 per diluted share under GAAP in Q3 2026, on net income of $13.0 million, against a loss of $0.02 per share, or $2.4 million, a year earlier. It does not report an adjusted EPS figure; its main non-GAAP measure is Adjusted EBITDA, which was $59.6 million, 17% of revenue, up from $35.2 million a year earlier. (ProPetro Q3 2026 release, Oct 28, 2026; ProPetro Form 10-Q, Q3 2026, Oct 29, 2026)

The quarter included a $1.4 million income tax benefit. Depreciation and amortization was $44.4 million, and cost of services excluding depreciation was $269.7 million. ProPetro said rebuilding completions capacity after declining activity in 2024 and 2025 weighed on margins. (ProPetro Q3 2026 release, Oct 28, 2026)

ProPetro's share count grew. It issued 17,250 thousand shares in a public equity offering early in 2026 and $690 million of convertible senior notes due 2031, and diluted weighted average shares were 154,654 thousand against basic shares of 122,846 thousand, because the notes are counted as converted under the if-converted method. (ProPetro Form 10-Q, Q3 2026, Oct 29, 2026; ProPetro Q3 2026 release, Oct 28, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

ProPetro does not give a revenue or EPS outlook. Its guidance is about spending and capacity: full-year 2026 capital expenditures incurred of $525 million to $575 million, including approximately $400 million to $430 million for PROPWR, and approximately 13 active frac fleets through the fourth quarter, with seasonal holiday slowdowns expected in Q4. (ProPetro Q3 2026 release, Oct 28, 2026)

For PROPWR, ProPetro expects between approximately 250 and 275 megawatts deployed by the end of 2026 and more than 500 megawatts by early 2028. It expects 2027 earnings to be weighted toward the latter part of the year as larger projects come online, and 2027 PROPWR capital expenditures to increase from 2026 levels. (ProPetro Q3 2026 release, Oct 28, 2026)

A consensus figure is the average of the models published by the analysts who cover ProPetro, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones ProPetro's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning PUMP is on is PUMP a buy or a sell?, what analysts expect next is on the PUMP forecast, and what the company does is on the ProPetro Holding (PUMP) stock page.

Every number on this page can be traced to a document ProPetro published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.