Corrects EPS in Key Details table to $0.01, from $98 mln

Overview

• Oilfield services firm's Q4 revenue fell, but beat analyst expectations

• Adjusted EBITDA for Q4 increased, beating analyst estimates

• Company raised $163 mln through equity offering to support PROPWR growth

Outlook

• ProPetro anticipates 2026 capital expenditures between $390 mln and $435 mln

• PROPWR capital expenditures expected between $250 mln and $275 mln in 2026

• Company expects positive PROPWR earnings in second half of 2026

Result Drivers

• COST MANAGEMENT - ProPetro's effective cost management and rationalization efforts improved margins and increased Adjusted EBITDA

• PROPWR EXPANSION - Significant investments and new contracts in PROPWR division expected to drive future growth

• HOLIDAY IMPACT - Revenue slightly decreased due to reduced hydraulic fracturing activity during holiday period

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue	Beat	$290 mln	$274.95 mln (6 Analysts)
Q4 EPS		$0.01
Q4 Net Income		$742,000
Q4 Adjusted EBITDA	Beat	$51 mln	$38.15 mln (8 Analysts)
Q4 Capex		$64 mln
Q4 EBIT		$6.08 mln
Q4 Pretax Profit		$4.96 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $12.00, about 0.1% below its February 17 closing price of $12.01

Press Release: ID:nBwc7g3xTa

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