ProPetro Q3 revenue rises 16% to $355 million; net income of $13 million
ProPetro reported third quarter 2026 revenue of $355 million, up 16% from $306 million in the prior quarter, and net income of $13 million, or $0.09 per diluted share, compared with a net loss of $8 million in the second quarter. Adjusted EBITDA rose to $60 million from $45 million, driven by higher completions utilization and new PROPWR power deployments, while the company narrowed its 2026 PROPWR capital spending guidance.
Key points
- Revenue was $355 million, up 16% from $306 million in Q2 2026 and up from $294 million in Q3 2025.
- Net income was $13 million ($0.09 per diluted share), compared with a net loss of $8 million in Q2 2026.
- Adjusted EBITDA was $60 million, up from $45 million in Q2 2026.
- 2026 PROPWR capital expenditures were narrowed to $400 million to $430 million; total 2026 capital expenditures are expected at $525 million to $575 million.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.