ProPetro slides on stock offering launch

ProPetro Holding

26/01/2026 21:39

** Oilfield services provider ProPetro PUMP.N shares down 5.9% at $10.47 post-market after planned equity raise news

** Midland, Texas-based firm commences 12.5 mln share offering

** Co intends to use net offering proceeds for general corporate purposes, including to fund growth capital for additional power generation equipment

** Goldman Sachs lead bookrunner

** Co will have ~117.1 mln shares outstanding post offering, per the prospectus

** PUMP shares finished up 1.6% at $11.12 on Mon. Stock up 17% to begin 2026 and up about 80% over the past six months

** 4 of 9 analysts rate the stock "strong buy" or "buy", 5 "hold"; their median PT is $12, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))