ProPetro Holding Corp (PUMP) financial statements: income statement, balance sheet and cash flow

ProPetro Holding Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), ProPetro Holding Corp reported revenue of $1.3B (-12.1% year on year) and net income of $824.0K (+100.6% year on year).

Income statement

ProPetro Holding Corp income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
REVENUE - Service revenue	$1.3B	$1.4B	$1.6B	$1.3B
Cost of services (exclusive of depreciation and amortization)	$968.2M	$1.1B	$1.1B	$882.8M
General and administrative expenses (inclusive of stock‑based compensation)	$107.6M	$114.3M	$114.4M	$111.8M
Depreciation and amortization	$174.9M	$211.7M	$180.9M	$128.1M
Property and equipment impairment expense	$0	$188.6M	—	—
Goodwill impairment expense	$0	$23.6M	—	—
Loss (gain) on disposal of assets and businesses, net	$12.2M	$7.5M	$73.0M	$102.2M
Total costs and expenses	$1.3B	$1.6B	$1.5B	$1.3B
OPERATING INCOME (LOSS)	$6.3M	($167.0M)	$130.3M	($2.6M)
Interest expense	($8.2M)	($7.8M)	($5.3M)	($1.6M)
Other income (expense), net	$9.7M	$5.5M	($9.5M)	—
Total other income (expense), net	$1.5M	($2.3M)	($14.8M)	$10.0M
INCOME (LOSS) BEFORE INCOME TAXES	$7.8M	($169.2M)	$115.5M	$7.4M
INCOME TAX (EXPENSE) BENEFIT	($7.0M)	$31.4M	($29.9M)	($5.4M)
NET INCOME (LOSS)	$824.0K	($137.9M)	$85.6M	$2.0M
Basic (in dollars per share)	$0.01	-$1.31	$0.76	$0.02
Diluted (in dollars per share)	$0.01	-$1.31	$0.76	$0.02
Basic (in shares)	103.8M	105.5M	113.0M	105.9M
Diluted (in shares)	105.4M	105.5M	113.4M	106.9M

ProPetro Holding Corp income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
REVENUE - Service revenue	$305.8M	$270.7M	$293.9M	$326.2M
Cost of services (excluding depreciation and amortization)	$234.0M	$211.7M	$236.5M	$253.2M
General and administrative expenses (including stock-based compensation)	$33.1M	$27.2M	$22.5M	$28.5M
Depreciation and amortization	$43.5M	$40.6M	$41.7M	$43.3M
Loss (gain) on disposal of assets	($1.6M)	($740.0K)	($674.0K)	$4.3M
Total costs and expenses	$309.0M	$278.7M	$300.0M	$329.3M
OPERATING (LOSS) INCOME	($3.2M)	($8.0M)	($6.1M)	($3.2M)
Interest expense	($3.0M)	($2.7M)	($2.1M)	($1.8M)
Other income, net	$4.0M	$1.4M	$5.1M	$195.0K
Total other income (expense), net	$1.0M	($1.3M)	$3.0M	($1.6M)
INCOME (LOSS) BEFORE INCOME TAXES	($2.2M)	($9.3M)	($3.1M)	($4.8M)
INCOME TAX (EXPENSE) BENEFIT	($5.9M)	$5.7M	$704.0K	($2.4M)
NET (LOSS) INCOME	($8.1M)	($3.6M)	($2.4M)	($7.2M)
Basic (in dollars per share)	-$0.07	-$0.03	-$0.02	-$0.07
Diluted (in dollars per share)	-$0.07	-$0.03	-$0.02	-$0.07
Basic (in shares)	122.7M	116.9M	104.0M	103.9M
Diluted (in shares)	122.7M	116.9M	104.0M	103.9M

Balance sheet

ProPetro Holding Corp balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$91.3M	$50.4M	—	$88.9M
Accounts receivable - net of allowance for credit losses of $0 and $0, respectively	$200.8M	$196.0M	$237.0M	$215.9M
Inventories	$13.3M	$16.2M	$17.7M	$5.0M
Prepaid expenses	$19.9M	$17.7M	$14.6M	$8.6M
Short-term investment	$0	$7.8M	$7.7M	$10.3M
Other current assets	$1.4M	$4.1M	$353.0K	$38.0K
Total current assets	$326.7M	$292.2M	$310.8M	$328.8M
PROPERTY AND EQUIPMENT - net of accumulated depreciation	$793.5M	$688.2M	$967.1M	$922.7M
OPERATING LEASE RIGHT-OF-USE ASSETS	$99.8M	$132.3M	$78.6M	—
FINANCE LEASE RIGHT-OF-USE ASSETS	$10.6M	$30.7M	$47.4M	—
Goodwill	$920.0K	$920.0K	$23.6M	$23.6M
Intangible assets - net of amortization	$55.5M	$64.9M	$50.6M	$56.3M
Other noncurrent assets	$3.9M	$14.4M	$2.1M	$1.1M
Total other noncurrent assets	$60.3M	$80.2M	$76.4M	$81.1M
TOTAL ASSETS	$1.3B	$1.2B	$1.5B	$1.3B
Accounts payable	$115.0M	$93.0M	$161.4M	$234.3M
Accrued and other current liabilities	$66.0M	$70.9M	$75.6M	$49.0M
Interim debt - net of debt issuance costs	$2.1M	—	—	—
Current maturities of long-term debt - net of debt issuance costs	$13.8M	—	—	—
Operating lease liabilities	$43.6M	$39.1M	$17.0M	$854.0K
Finance lease liabilities	$12.4M	$19.3M	$17.1M	—
Total current liabilities	$253.0M	$222.3M	$271.1M	$284.2M
DEFERRED INCOME TAXES	$63.4M	$59.8M	$93.1M	$65.3M
LONG-TERM DEBT - net of debt issuance costs and current maturities	$105.6M	$45.0M	$45.0M	$30.0M
NONCURRENT OPERATING LEASE LIABILITIES	$35.6M	$58.8M	$38.6M	$2.3M
NONCURRENT FINANCE LEASE LIABILITIES	$0	$13.2M	$30.9M	—
OTHER LONG-TERM LIABILITIES	$3.4M	$8.3M	$3.2M	—
Total liabilities	$461.0M	$407.4M	$481.9M	$381.8M
Preferred stock, $0.001 par value, 30,000,000 shares authorized, none issued, respectively	0	0	0	0
Common stock, $0.001 par value, 200,000,000 shares authorized, 104,310,266 and 102,994,958 shares issued and outstanding, respectively	104.0K	103.0K	109.0K	114.0K
Additional paid-in capital	$897.7M	$885.0M	$929.2M	$970.5M
Accumulated deficit	($68.0M)	($68.8M)	$69.0M	($16.6M)
Total shareholders’ equity	$829.8M	$816.3M	$998.4M	$954.0M
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$1.3B	$1.2B	$1.5B	$1.3B

ProPetro Holding Corp balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$784.0M	$156.6M	$66.5M	$74.8M
Accounts receivable - net of allowance for credit losses of $0 and $0, respectively	$232.8M	$228.2M	$209.2M	$210.7M
Inventories	$23.0M	$15.5M	$15.9M	$16.4M
Prepaid expenses	$12.1M	$15.0M	$10.8M	$11.5M
Other current assets	$3.1M	$1.1M	$6.7M	$5.8M
Total current assets	$1.1B	$416.5M	$319.4M	$327.5M
PROPERTY AND EQUIPMENT - net of accumulated depreciation	$876.2M	$843.5M	$762.2M	$699.0M
OPERATING LEASE RIGHT-OF-USE ASSETS	$69.6M	$84.8M	$112.2M	$108.9M
FINANCE LEASE RIGHT-OF-USE ASSETS	$1.8M	$6.3M	$15.2M	$19.8M
Intangible assets - net of amortization	$50.8M	$53.1M	$57.8M	$60.2M
Other noncurrent assets	$6.6M	$5.1M	$11.8M	$12.9M
Total other noncurrent assets	$57.3M	$58.2M	$70.6M	$74.0M
TOTAL ASSETS	$2.1B	$1.4B	$1.3B	$1.2B
Accounts payable	$121.2M	$115.8M	$137.8M	$110.2M
Accrued and other current liabilities	$64.7M	$57.1M	$47.7M	$56.4M
Interim debt - net of debt issuance costs	$10.9M	$15.3M	—	$2.1M
Current maturities of long-term debt - net of debt issuance costs	$21.4M	$16.9M	$8.2M	$3.8M
Operating lease liabilities	$36.7M	$41.9M	$43.2M	$39.7M
Finance lease liabilities	$2.9M	$7.8M	$17.1M	$18.9M
Total current liabilities	$257.8M	$254.7M	$254.1M	$231.1M
DEFERRED INCOME TAXES	$55.7M	$57.8M	$62.6M	$63.3M
LONG-TERM DEBT - net of debt issuance costs and current maturities	$764.9M	$78.6M	$86.9M	$57.6M
NONCURRENT OPERATING LEASE LIABILITIES	$20.9M	$26.6M	$46.5M	$42.5M
NONCURRENT FINANCE LEASE LIABILITIES	$147.0K	$172.0K	$0	$2.8M
OTHER LONG-TERM LIABILITIES	$2.9M	$2.9M	$3.3M	$7.9M
Total liabilities	$1.1B	$420.7M	$453.4M	$405.2M
Preferred stock, $0.001 par value, 30,000,000 shares authorized, none issued, respectively	0	0	0	0
Common stock, $0.001 par value, 200,000,000 shares authorized, 122,823,917 and 104,310,266 shares issued, respectively	123.0K	122.0K	104.0K	104.0K
Additional paid-in capital	$1.0B	$1.1B	$894.8M	$890.2M
Accumulated deficit	($79.8M)	($71.6M)	($68.7M)	($66.4M)
Total shareholders’ equity	$957.4M	$988.7M	$826.2M	$824.0M
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$2.1B	$1.4B	$1.3B	$1.2B

Cash flow statement

ProPetro Holding Corp cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income (loss)	$824.0K	($137.9M)	$85.6M	$2.0M
Depreciation and amortization	$174.9M	$211.7M	$180.9M	$128.1M
Property and equipment impairment expense	$0	$188.6M	—	—
Goodwill impairment expense	$0	$23.6M	—	—
Deferred income tax expense (benefit)	$3.7M	($33.3M)	$27.8M	$4.2M
Amortization of deferred financing origination and debt issuance costs	$504.0K	$438.0K	$359.0K	$785.0K
Stock‑based compensation	$16.9M	$17.3M	$14.4M	$21.9M
Provision for credit losses	$0	$0	$34.0K	$202.0K
Loss (gain) on disposal of assets and businesses, net	$12.2M	—	—	—
Unrealized (gain) loss on short-term investment	($2.4M)	($105.0K)	$2.5M	$1.6M
Business acquisition contingent consideration adjustments	($4.9M)	($2.6M)	—	—
Accounts receivable	($4.8M)	$51.5M	($12.4M)	($66.9M)
Other current assets	$913.0K	($2.3M)	($831.0K)	$354.0K
Inventories	$2.8M	$1.5M	($6.0M)	$124.0K
Prepaid expenses	($2.2M)	$1.3M	($6.1M)	$743.0K
Accounts payable	$9.6M	($64.5M)	($11.4M)	$27.4M
Accrued and other current liabilities	$23.5M	($10.5M)	$26.4M	$22.6M
Net cash provided by operating activities	$231.6M	$252.3M	$374.7M	$300.4M
Capital expenditures	($186.3M)	($140.3M)	($370.9M)	($319.7M)
Business acquisitions, net of cash acquired	$0	($21.0M)	($22.2M)	($38.6M)
Proceeds from sale of assets	$23.5M	$6.2M	$9.0M	$8.6M
Proceeds from note receivable from sale of business	$13.0M	—	—	—
Net cash used in investing activities	($149.8M)	($155.1M)	($384.1M)	($349.7M)
Proceeds from borrowings	$0	$0	$30.0M	$30.0M
Repayments of borrowings	$0	$0	($15.0M)	—
Payments of finance lease obligations	($18.5M)	($17.7M)	($4.7M)	$0
Repayments of equipment financing term loans	($3.6M)	—	—	$0
Repayments of insurance financing	($4.5M)	($970.0K)	$0	$0
Payment of financing origination and debt issuance costs	($2.8M)	$0	($1.2M)	($824.0K)
Payment of business acquisition deferred cash consideration	($6.8M)	—	—	—
Tax withholdings paid for net settlement of equity awards	($4.2M)	($1.9M)	($3.5M)	($3.9M)
Share repurchases	$0	($59.1M)	($51.7M)	—
Payment of excise taxes on share repurchases	($531.0K)	($444.0K)	—	—
Net cash used in financing activities	($40.9M)	($80.1M)	($46.1M)	$26.3M
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	$40.9M	$17.1M	($55.5M)	($23.1M)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of year	$50.4M	$33.4M	$88.9M	$111.9M
CASH AND CASH EQUIVALENTS — End of year	$91.3M	—	—	—

ProPetro Holding Corp cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net (loss) income	($11.8M)	($3.6M)	$82.0K	$2.4M
Depreciation and amortization	$84.1M	$40.6M	$133.7M	$92.0M
Deferred income tax expense	$258.0K	($5.7M)	$2.8M	$3.5M
Amortization of deferred debt issuance costs	$941.0K	$165.0K	$350.0K	$216.0K
Stock-based compensation	$10.6M	$4.7M	$12.7M	$8.1M
Loss (gain) on disposal of assets	($2.3M)	($740.0K)	$13.4M	—
Unrealized gain on short-term investment	$0	$0	($2.3M)	($314.0K)
Business acquisition contingent consideration adjustments	($500.0K)	($500.0K)	($5.0M)	($400.0K)
Accounts receivable	($32.0M)	($27.5M)	($13.2M)	($14.7M)
Other current assets	($1.5M)	$157.0K	($2.3M)	($1.9M)
Inventories	($9.7M)	($2.2M)	$246.0K	($220.0K)
Prepaid expenses	$7.8M	$4.8M	$6.9M	$6.2M
Accounts payable	$16.9M	($2.8M)	$10.9M	$2.5M
Accrued and other current liabilities	$6.0M	($4.7M)	($7.7M)	($2.5M)
Net cash provided by operating activities	$68.8M	$2.7M	$150.6M	$108.9M
Capital expenditures	($104.7M)	($43.4M)	($122.1M)	($78.0M)
Proceeds from sale of assets	$5.5M	$2.5M	$9.7M	$8.7M
Proceeds from note receivable from sale of business	$0	$0	$1.4M	$844.0K
Net cash used in investing activities	($99.2M)	($40.9M)	($111.0M)	($68.5M)
Repayments of revolving credit facility borrowings	($45.0M)	($45.0M)	—	—
Repayments of equipment financing term loans	($8.3M)	($3.6M)	($976.0K)	—
Payments of finance lease obligations	($9.7M)	($4.8M)	($13.8M)	($9.2M)
Repayments of insurance financing	$0	$0	($4.5M)	($3.0M)
Payment of debt issuance costs	($24.7M)	($1.1M)	($754.0K)	($425.0K)
Proceeds from issuance of convertible senior notes	$690.0M	—	—	—
Purchase of capped calls related to convertible senior notes	($36.8M)	—	—	—
Proceeds from issuance of common stock under public equity offering	$164.3M	$164.3M	—	—
Payment of costs related to issuance of common stock under public equity offering	($1.2M)	($867.0K)	—	—
Proceeds from exercise of equity awards	$92.0K	—	—	—
Tax withholdings paid for net settlement of equity awards	($5.6M)	($5.6M)	($2.8M)	($2.8M)
Payment of excise tax on share repurchases	$0	—	($531.0K)	($531.0K)
Net cash provided by (used in) financing activities	$723.1M	$103.4M	($23.4M)	($16.0M)
NET INCREASE IN CASH AND CASH EQUIVALENTS	$692.6M	$65.3M	$16.1M	$24.4M
CASH AND CASH EQUIVALENTS - Beginning of period	$91.3M	$91.3M	$50.4M	$50.4M
CASH AND CASH EQUIVALENTS - End of period	$784.0M	$156.6M	$66.5M	$74.8M
Interest paid - net of amounts capitalized	$5.3M	$3.1M	—	—
Capital expenditures included in accounts payable and accrued liabilities	$18.7M	$31.8M	$50.5M	$29.1M
Equipment purchases financed and corresponding issuances of loans	$60.4M	$38.0M	$51.9M	$18.9M
Leasehold improvements financed by operating lease landlord	$0	—	$350.0K	$350.0K
Deferred tax asset recognized on purchase of capped calls	$8.0M	—	—	—

ProPetro Holding Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.