ProPetro Reports Financial Results for the Third Quarter of 2026

Sam Sledge, Chief Executive Officer of ProPetro

“ProPetro delivered a solid third quarter, with continued progress in PROPWR and higher revenue and activity across our completions service lines. We are pleased to have generated a meaningful step-up in earnings in PROPWR as we continue to advance its commercial and operational execution coupled with improved revenue and Adjusted EBITDA from our completions business.”

Sam Sledge, Chief Executive Officer of ProPetro

“PROPWR continues to build on its success as we scale through year-end and advance deployment efforts across our contracted portfolio, which includes awards in the data center, oil and gas, midstream and industrial sectors. These deployments are also strengthening our commercial efforts by showing prospective customers our execution and reliability firsthand. As we move into 2027, we expect to continue executing across our projects, including one or more additional data center customers, and to have more than 500 megawatts deployed by early 2028.”

Sam Sledge, Chief Executive Officer of ProPetro

“Demand for our completion services remains strong and continues to build, consistent with what we have seen over the past few quarters.”

Sam Sledge, Chief Executive Officer of ProPetro

“As the majority of our contracted horsepower comes up for renewal in the first half of 2027, we believe the more constructive pricing environment provides an opportunity to begin realizing returns on our investment in reactivating capacity, which we expect could support improved results in the completions business over time.”

Sam Sledge, Chief Executive Officer of ProPetro

“Since our last update, we have made significant progress across the business. PROPWR generated approximately $8 million of Adjusted EBITDA in the third quarter, a meaningful sequential increase. Results and margin performance at the project level continue to meet our high expectations, which reinforces our confidence in the earnings and return profile we have outlined.”

Sam Sledge, Chief Executive Officer of ProPetro

“We expect to keep scaling deployments through year-end, reaching between approximately 250 and 275 megawatts deployed by the end of 2026 and stair-stepping to more than 500 megawatts by early 2028.”

Sam Sledge, Chief Executive Officer of ProPetro

“Commercially, our recently announced agreement with Targa for approximately 230 megawatts brings our total capacity committed under contract to approximately 510 megawatts.”

Sam Sledge, Chief Executive Officer of ProPetro

“In the data center arena, despite broader volatility and noise in the AI market, we remain in advanced negotiations on several hundred megawatts and continue to progress a number of additional opportunities behind them.”

Sam Sledge, Chief Executive Officer of ProPetro

“Importantly, we are currently deployed and operating on a hyperscaler project, and execution has gone exceptionally well.”

Sam Sledge, Chief Executive Officer of ProPetro

“As we look ahead to 2027, I want to briefly summarize how we see the opportunity across both of our businesses. In completions, the setup is straightforward: a sold-out fleet, a tightening market, and early pricing momentum.”