ProPetro Holding Corp is a Midland, Texas-based company offering a suite of services tailored to the oil and gas industry, primarily in the Permian Basin. Since its inception in 2007, ProPetro has specialized in hydraulic fracturing, wireline, and cementing, among other essential oilfield completion services. This company plays a pivotal role in supporting upstream oil and gas operations, focusing on enhancing production efficiency and effectiveness.
ProPetro swung to a $0.07 loss per share after fleet activation costs and Permian weather hammered results, but the real story is PROPWR power generation hitting 350 megawatts of contracted capacity with data center deals in advanced discussions. The completions miss masked a business pivoting away from traditional frac services toward distributed power, where management expects meaningful earnings to flow starting in the second half of 2026.
