ProPetro Holding Corp. (NYSE:PUMP) is one of the best small cap stocks to buy for 10x potential.
On May 7, Barclays upgraded ProPetro Holding Corp. (NYSE:PUMP) to Overweight from Equal Weight
The rating update came after the company reported its fiscal Q1 2026 financial results, with total revenue coming up to $271 million for the quarter, down 7% as compared to $290 million for the previous quarter. Net loss was $4 million ($0.03 loss per diluted share) as compared to a net income of $1 million in the prior quarter ($0.01 income per diluted share). The company further reported adjusted EBITDA of $36 million, which was 13% of revenue and decreased 29% as compared to the previous quarter.
Capital expenditures paid were $43 million, while capital expenditures incurred were $85 million. ProPetro Holding Corp. (NYSE:PUMP) also announced that it entered into a strategic framework agreement with Caterpillar Inc., securing access to up to 2.1 additional gigawatts of power generation capacity over the next five years. The agreement bolsters long-term supply visibility while supporting PROPWR’s continued growth, with the company now positioned to have approximately 2.6 gigawatts of power generation capacity delivered by year-end 2031.