ProPetro stock falls as power contracts meet weaker earnings

Published on 09/22/2026 at 16:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ProPetro stock traded at USD 10.16 on September 21, 2026, after a 3.05 percent decline. PROPWR added 230 MW of contracted capacity, while Q2 EPS missed consensus.

PUMP, US74587V1098, Illustration mit AI erstellt.

ProPetro Holding Corp. (ISIN US74587V1098) closed at USD 10.16 on the NYSE on September 21, 2026, down 3.05 percent from the prior close. The move followed new power contracts for the company's PROPWR unit, but investors are still weighing weak second-quarter earnings.

Power contracts add 230 MW

According to TradingView on September 22, 2026, ProPetro said PROPWR signed contracts to provide approximately 230 MW of behind-the-meter power to a Targa subsidiary. The agreement lifted PROPWR's total committed capacity to approximately 510 MW, giving the power business a larger contracted base than before.

The development adds an operating comparison to the stock decline: contracted PROPWR capacity rose to 510 MW from the previously reported 280 MW, an increase of approximately 230 MW. That expansion provides a measurable counterpoint to the pressure visible in the latest financial results.

Second-quarter loss misses consensus

MarketBeat reported on September 22, 2026, that ProPetro's second-quarter results released on July 29, 2026, showed revenue of USD 305.81 million and EPS of negative USD 0.07. Revenue declined 6.3 percent year over year, while EPS missed the consensus estimate of negative USD 0.01 by USD 0.06.

The revenue result was close to the USD 304.48 million consensus estimate, but the earnings gap was material because the company reported a negative net margin of 1.15 percent for the quarter. The combination of lower revenue and negative profitability remains the central counter-factor to the capacity increase in PROPWR.

Analysts cut earnings view

According to MarketBeat on September 22, 2026, Zacks Research reduced its fiscal 2026 EPS estimate from negative USD 0.10 to negative USD 0.12 in a note dated September 18, 2026. The consensus estimate cited in the report was negative USD 0.11.

MarketBeat also reported on September 22, 2026, that Morgan Stanley began coverage on September 14, 2026, with an equal-weight rating and a USD 13.00 price objective. The cited analyst consensus was Moderate Buy with an average target of USD 15.78, although the stock remained below that level at the September 21 close.

Stock trades below yearly midpoint

On September 21, 2026, PUMP traded as low as USD 10.06 and last changed hands at USD 10.035 during the cited session, with 232,346 shares traded by mid-day. Its 52-week range was USD 4.73 to USD 18.50, and the market capitalization was approximately USD 1.24 billion.

The September 21 close of USD 10.16 stood USD 8.34 below the 52-week high and USD 5.43 above the low. The stock also remained below its 50-day moving average of USD 11.57 and its 200-day moving average of USD 13.70, according to the September 21 market data.