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ProPetro Holding

PUMP on NYSE. ProPetro sells hydraulic fracturing and power services to oil and gas producers. Market value $1.2bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Energy stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
-1.8%low

For every $100 of what the whole company costs, it produced $-1.83 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
-0.2%five-year median

Each dollar kept in the business earns 0 cents a year. Above 10 is good.

Quality score: 56 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.

$9.59 a share, 97% above its 1-year low

Over the past year the price has ranged from $4.87 to $18.50.

Pays no dividend

Prices from Monday’s close (5 October).

Five years of cash, in billions

0.0
-0.0
0.0
0.1
0.0
-0.0
2021202220232024202512 monthsto Jun '26

Spare cash swings from quarter to quarter here: a shortfall of $22 million in the past 12 months, $45 million in the year to December 2025.

Revenue
$875m$1.3bn$1.6bn$1.4bn$1.3bn
Operating margin
-7.9%-0.2%8.0%-11.6%0.5%
Debt to equity
0.000.030.090.090.16
Shares outstanding
0.11bn0.11bn0.10bn0.10bn0.12bn

Health checks

  • Free cash flow positive4 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)4 of 9
  • Profit backed by cash (accruals)No
  • Debt0.16× equity
  • Revenue growth, five yearsSlow, 10.0% a year
  • Buying back its own sharesNo, 7% more shares since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $306 million last quarter, down 6% on a year ago.
  • A loss of $8 million, compared with a loss of $7 million a year ago.
  • It loses 1 cents on each $1 of sales, compared with 14 cents a year earlier.
  • Over the past 12 months it spent $22 million more cash than it brought in. A year earlier it had $35 million spare.
  • 18% more shares than a year ago. Each share owns a bit less of the company.
  • Debt is $13 million more than cash, up from $10 million a year ago.
  • Sales did not grow on a year ago in any of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$361m
December 2024$321m
March 2025$359m
June 2025$326m
September 2025$294m
December 2025$290m
March 2026$271m
June 2026$306m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024-$137m
December 2024-$17m
March 2025$10m
June 2025-$7m
September 2025-$2m
December 2025$742,000
March 2026-$4m
June 2026-$8m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
19 February 2026
Next quarterly (estimated, 10-Q)
29 October 2026

Who owns it

2 long-term investors we follow own it, down from 3 last quarter. 269 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

4 investors own more than 5%.

  • Sourcerock Group LLC
    Passive investor
    6.6%+1.4 pts
    Since 31 December 2025
  • BlackRock, Inc.
    Passive investor
    6.0%−6.4 pts
    Since 30 September 2025
  • VR Advisory Services Ltd
    Passive investor
    at least 5.7%
    (filed with 5 related holders)
    Since 6 July 2026
  • 5.4%
    Since 30 September 2025
  • Jeal Intec, S.L.
    Passive investor
    Sold down below 5%
    Since 31 December 2025
  • Exxon Mobil Corporation
    Sold down below 5%
    Since 18 May 2026
    What they said

    Item 4 is hereby amended and supplemented to include the following: On May 20, 2026, the Reporting Persons monetized their investment via a sale of 16,600,000 shares of Common Stock of the Issuer in a block trade pursuant to Rule 144 of the Securities Act of 1933, at a price of…

    Read the filing
  • The Vanguard Group
    Passive investor
    Sold down below 5%
    Since 13 March 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 3 sold $2m.

  • Munoz Adam
    President and COO
    Sold
    Date
    4 August 2026
    Shares
    70,696
    Price
    $11.17
    Value
    $789,674
  • Lawrence G Larry
    Director
    Sold
    Date
    4 August 2026
    Shares
    35,831
    Price
    $11.16
    Value
    $399,874
  • Munoz Adam
    President and COO
    Sold
    Date
    14 November 2025
    Shares
    17,230
    Price
    $10.14
    Value
    $174,712
  • Lawrence G Larry
    Director
    Sold
    Date
    31 October 2025
    Shares
    27,000
    Price
    $10.84
    Value
    $292,680
  • Vion Michele
    Director
    Sold
    Date
    31 October 2025
    Shares
    6,916
    Price
    $10.64
    Value
    $73,586

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 19 Feb 2026, plus the 10-Q filed 30 Jul 2026 and 8 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.