ProPetro Holding Corp. PUMP
We are a leading integrated energy service company, located in Midland, Texas, focused on providing innovative hydraulic fracturing, wireline, and other complementary energy and power generation services to leading upstream oil and gas companies engaged in the E&P of North American oil and natural gas resources. Our operations are primarily focused in the Permian Basin, where we have cultivated longstanding customer relationships with some of the region's most active and well‑capitalized E&P companies. The Permian Basin is widely regarded as one of the most prolific oil and natural gas producing areas in the United States, and we believe we are one of the leading providers of energy services in the region.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.27B | $1.44B | $1.63B | $1.28B | $874.5M | $789.2M | $2.05B | $1.70B | $981.9M | $436.9M |
| SG&A | $107.6M | $114.3M | $114.4M | $111.8M | $82.9M | $86.8M | $105.1M | $54.0M | $49.2M | $26.6M |
| Total operating expenses | $1.26B | $1.61B | $1.50B | $1.28B | $943.2M | $920.5M | $1.83B | $1.47B | $957.8M | $504.3M |
| Operating income | $6.3M | -$167.0M | $130.3M | -$2.6M | -$68.7M | -$131.2M | $221.4M | $232.7M | $24.1M | -$67.4M |
| Interest expense | $8.2M | $7.8M | $5.3M | $1.6M | $614.0K | $2.4M | $7.1M | $6.9M | $7.3M | $20.4M |
| Pre-tax income | $7.8M | -$169.2M | $115.5M | $7.4M | -$68.4M | -$134.5M | $213.5M | $225.1M | $15.7M | -$81.1M |
| Income tax | $7.0M | $31.4M | $29.9M | $5.4M | $14.3M | $27.5M | $50.5M | $51.3M | $3.1M | $28.0M |
| Net income | $824.0K | -$137.9M | $86.0M | $2.0M | -$54.2M | -$107.0M | $163.0M | $173.9M | $12.6M | -$53.1M |
| EPS, basic | 0.01 | -1.31 | 0.76 | 0.02 | -0.53 | -1.06 | 1.62 | 2.08 | 0.17 | -1.19 |
| EPS, diluted | 0.01 | -1.31 | 0.76 | 0.02 | -0.53 | -1.06 | 1.57 | 2.00 | 0.16 | -1.19 |
| Shares, diluted (wtd. avg.) | $105.4M | $105.5M | $113.4M | $106.9M | $102.7M | $100.8M | $103.8M | $87.0M | $79.6M | $44.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $91.3M | $50.4M | $33.4M | $88.9M | $111.9M | $68.8M | $149.0M | $132.7M | $23.9M | $133.6M |
| Short-term investments | $0 | $7.8M | $7.7M | $10.3M | $0 | — | — | — | — | — |
| Receivables | $200.8M | $196.0M | $237.0M | $215.9M | $128.1M | $84.2M | $212.2M | $203.0M | $199.7M | $115.2M |
| Inventory | $13.3M | $16.2M | $17.7M | $5.0M | $3.9M | $2.7M | $2.4M | $6.4M | $6.2M | $4.7M |
| Total current assets | $326.7M | $292.2M | $310.8M | $328.8M | $251.1M | $167.7M | $375.6M | $349.3M | $235.7M | $264.8M |
| Property, plant and equipment | $793.5M | $688.2M | $967.1M | $922.7M | $808.5M | $880.5M | $1.05B | $912.8M | $470.9M | $263.9M |
| Goodwill | $920.0K | $920.0K | $23.6M | $23.6M | $0 | $0 | $9.4M | $9.4M | $9.4M | $9.4M |
| Other intangibles | $55.5M | $64.9M | $50.6M | $56.3M | $0 | — | $0 | $13.0K | $301.0K | $589.0K |
| Total assets | $1.29B | $1.22B | $1.48B | $1.34B | $1.06B | $1.05B | $1.44B | $1.27B | $719.0M | $541.4M |
| Accounts payable | $115.0M | $93.0M | $161.4M | $234.3M | $152.6M | $79.2M | $193.1M | $214.5M | $211.1M | $129.1M |
| Short-term debt | $13.8M | $0 | — | — | — | $0 | $0 | $0 | $15.8M | $16.9M |
| Total current liabilities | $253.0M | $222.3M | $271.1M | $284.2M | $173.8M | $104.2M | $233.0M | $352.8M | $243.6M | $159.7M |
| Long-term debt | $105.6M | $45.0M | $45.0M | $30.0M | $0 | $0 | $130.0M | $70.0M | $57.2M | $159.4M |
| Total liabilities | $461.0M | $407.4M | $481.9M | $381.8M | $234.9M | $180.0M | $466.8M | $477.2M | $305.8M | $320.4M |
| Retained earnings | -$68.0M | -$68.8M | $69.0M | -$16.6M | -$18.6M | $35.6M | $142.6M | -$20.4M | -$194.3M | -$206.9M |
| Total equity | $829.8M | $816.3M | $998.4M | $954.0M | $826.3M | $870.8M | $969.3M | $797.4M | $413.3M | $221.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $231.6M | $252.3M | $374.7M | $300.4M | $154.7M | $139.1M | $455.3M | $393.1M | $109.3M | $10.7M |
| Depreciation and amortisation | $174.9M | $224.1M | $219.6M | $128.1M | $133.4M | $153.3M | $145.3M | $88.1M | $55.6M | $43.5M |
| Stock-based compensation | $16.9M | $17.3M | $14.4M | $21.9M | $11.5M | $9.1M | $7.8M | $5.5M | $9.5M | $1.6M |
| Capital expenditure | $186.3M | $140.3M | $370.9M | $319.7M | $143.5M | $100.6M | $502.9M | $284.2M | $285.9M | $86.8M |
| Investing cash flow | -$149.8M | -$155.1M | -$384.1M | -$349.7M | -$104.3M | -$94.2M | -$495.3M | -$280.6M | -$281.5M | -$41.7M |
| Financing cash flow | -$40.9M | -$80.1M | -$46.1M | $26.3M | -$7.3M | -$125.2M | $56.3M | -$3.7M | $62.6M | $130.3M |
| Buybacks | $0 | $59.1M | $51.7M | $0 | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-040891.
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