ProPetro’s Q2 results show a $0.07 per-share loss, missing expectations, while revenue of $306M slightly exceeded forecasts.
ProPetro reported a Q2 GAAP loss of $0.07 per share, missing estimates by $0.05. Revenue reached $306M, beating expectations by $1.09M despite a 6.1% year-over-year decline.
The company updated its 2026 outlook, lowering capital expenditures to $525M-$595M from the previous $540M-$610M range. Completions business capital expenditures were also revised downward to $125M-$145M from $140M-$160M.
No immediate market reaction was disclosed in the release.