ProPetro Q1 revenue falls 7%, misses analyst estimates

ProPetro Holding

30/04/2026 12:14

Overview

U.S. oilfield services provider's Q1 revenue fell 7% and missed analyst expectations

Adjusted EBITDA for Q1 declined 29% and missed analyst expectations

Company cited adverse weather as main factor impacting completions business utilization and profitability

Outlook

Company raises 2026 capital expenditures guidance to $540 mln-$610 mln, up from $390 mln-$435 mln

Company expects PROPWR to incur $400 mln-$450 mln in 2026 capital expenditures

Result Drivers

WEATHER DISRUPTION - Co said adverse weather in January significantly reduced utilization and profitability in the completions business

COST DISCIPLINE - Management said actions taken in 2025 to right-size the cost structure and protect assets benefited results

Company press release: ID:nBw3X8411a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$271 mln
$276.92 mln (8 Analysts)
Q1 EPS
-$0.03
Q1 Net Income
-$3.64 mln
Q1 Adjusted EBITDA
Miss
$36 mln
$36.41 mln (10 Analysts)
Q1 Capex
-$43.36 mln
Q1 EBIT
-$8.04 mln
Q1 Pretax Profit
-$9.32 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $15.50, about 14.8% below its April 29 closing price of $18.20

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)