ProPetro (PUMP)
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Stock Trend Capital Announces Ticker Symbol Change on the CSE to "STCQ"
TMX Newsfile· 2026-01-28 14:00
Group 1 - Stock Trend Capital Inc. will change its stock ticker symbol on the Canadian Stock Exchange from "PUMP" to "STCQ" effective February 2, 2026, reflecting the company's name and long-term vision more clearly [1] - The company continues to trade on the OTC under the symbol STOCF and on the Frankfurt Stock Exchange under the symbol P0G, with no action required from shareholders regarding the symbol change [2] - Stock Trend Capital is focused on investment in sectors such as AI, crypto, mining, quantum technology, and the Canadian cannabis industries, targeting entities with strong intellectual property and high growth potential [3]
ProPetro Holding Corp. Announces Pricing of Upsized Public Offering of Common Stock
Businesswire· 2026-01-27 06:08
Core Viewpoint - ProPetro Holding Corp. has announced an upsized public offering of 15,000,000 shares of common stock at a price of $10.00 per share, increasing from the initially proposed 12,500,000 shares [1] Group 1: Offering Details - The offering consists of 15,000,000 shares priced at $10.00 each, with a 2,500,000 share increase from the original proposal [1] - The net proceeds from the offering will be used for general corporate purposes, including funding growth capital for additional power generation equipment [2] - Underwriters have a 30-day option to purchase an additional 2,250,000 shares at the public offering price [2] Group 2: Management and Closing - Goldman Sachs & Co. LLC is the lead book-running manager for the offering, with Barclays Capital Inc., J.P. Morgan Securities LLC, and BofA Securities as joint book-running managers [3] - The offering is expected to close on January 28, 2026, subject to customary closing conditions [3] Group 3: Company Overview - ProPetro Holding Corp. is based in Midland, Texas, and provides premium completion and power services to leading upstream oil and gas companies involved in the exploration and production of unconventional oil and natural gas resources in North America [6]
ProPetro (PUMP) - 2025 Q4 - Annual Results
2026-02-18 21:30
Financial Estimates - For Q4 2025, ProPetro estimates revenues between $289 million and $291 million, with cost of services estimated at $214 million to $216 million[5]. - Capital expenditures incurred for Q4 2025 are estimated to be between $70 million and $72 million, while for the full year 2025, they are estimated at $280 million to $282 million[5]. - General and administrative expenses for Q4 2025 are estimated to be between $23 million and $25 million, excluding stock-based compensation[5]. - ProPetro's preliminary financial estimates are subject to change and have not been audited by its independent registered public accounting firm[7]. Cash and Borrowings - As of December 31, 2025, ProPetro had approximately $91 million in cash and cash equivalents and $123 million in borrowings under its credit facilities[6]. - The company has incurred approximately $10 million in additional borrowings under its Caterpillar Equipment Loan Agreement between January 1, 2026, and January 26, 2026[6]. Operational Plans - The company expects to operate approximately 11 active frac fleets in Q1 2026, subject to winter weather conditions[6]. - A power supply contract with Coterra Energy was signed to provide turnkey power for microgrid development in the Permian Basin, with operations expected to begin in Q1 2026[12]. Business Development - ProPetro launched its PROPWR business line in December 2024, with a total committed capacity of approximately 230 MW and total generation capacity of approximately 550 MW as of January 26, 2026[12]. - The company plans to conduct a public offering of 12,500,000 shares of common stock, with an additional option for underwriters to purchase up to 1,875,000 shares[9].
ProPetro Holding Corp. Announces Public Offering of Common Stock
Businesswire· 2026-01-26 21:06
Core Viewpoint - ProPetro Holding Corp. has announced a public offering of 12,500,000 shares of its common stock to fund general corporate purposes, including growth capital for additional power generation equipment [1][2]. Group 1: Offering Details - The company intends to use the net proceeds from the offering for general corporate purposes, specifically to fund growth capital for additional power generation equipment [2]. - The offering includes a 30-day option for underwriters to purchase up to an additional 1,875,000 shares at the public offering price, less underwriting discounts and commissions [2]. - Goldman Sachs & Co. LLC is serving as the lead book-running manager for the offering, which is subject to market conditions [3]. Group 2: Regulatory and Legal Information - The offering is being conducted under an effective shelf registration statement filed with the SEC, and a preliminary prospectus supplement has been filed [5]. - The proposed offering will be made only by means of a prospectus and a prospectus supplement, which can be obtained from Goldman Sachs or the SEC's website [4]. Group 3: Company Overview - ProPetro Holding Corp. is based in Midland, Texas, and provides premium completion and power services to leading upstream oil and gas companies involved in the exploration and production of unconventional oil and natural gas resources in North America [6].
ProPetro Announces Fourth Quarter 2025 Earnings Call
Businesswire· 2026-01-16 21:30
Core Viewpoint - ProPetro Holding Corp. will release its financial results for Q4 and the full year ending December 31, 2025, on February 18, 2026, before market opening [1] Group 1: Financial Results Announcement - ProPetro will host a conference call on February 18, 2026, at 8:00 AM Central Time to discuss its fourth quarter results [1] - The financial results will cover the fourth quarter and the full year ending December 31, 2025 [1] Group 2: Conference Call Access - U.S. callers can access the conference call by dialing toll-free 800-715-9871, while international callers can dial 1-646-307-1963 [2] - Callers are advised to connect ten minutes prior to the scheduled start time for a proper connection [2] - The call will also be available via webcast on ProPetro's website [2] Group 3: Replay Information - A replay of the conference call will be available for one week following the call [3] - U.S. and Canada callers can access the replay toll-free by dialing 1-800-770-2030, while international callers can use 1-609-800-9909 [3] - The access code for the replay is 1884540 [3] Group 4: Company Overview - ProPetro Holding Corp. is based in Midland, Texas, and provides premium completion and power services to leading upstream oil and gas companies [4] - The company focuses on the exploration and production of North American unconventional oil and natural gas resources [4] - ProPetro aims to contribute to reliable energy supply globally [4]
ProPetro Holding price target raised to $17 from $16 at Piper Sandler
Yahoo Finance· 2026-01-15 11:47
Core Viewpoint - Piper Sandler has raised the price target for ProPetro Holding (PUMP) to $17 from $16 while maintaining an Overweight rating on the shares, indicating a positive outlook for the company amid favorable market conditions [1] Group 1: Price Target and Rating - The price target for ProPetro Holding has been increased to $17 from $16 [1] - Piper Sandler maintains an Overweight rating on ProPetro shares, suggesting confidence in the stock's performance [1] Group 2: Market Conditions - The news regarding Venezuela and the potential return of oil and gas (O&G) activity has positively impacted stocks in the sector [1] - Despite recent outperformance potentially causing positioning pressure in the near term, the firm remains optimistic about the overall setup for the year [1] Group 3: Future Outlook - For Q4 2025, the firm favors U.S. Land completion names due to better-than-expected seasonality and the Saudi return-to-work theme [1] - Caution is advised regarding Offshore Drilling and Completion (D&C) due to existing white space in that segment [1]
ProPetro Holding (PUMP) Slumps Following Decline in Oil Price
Yahoo Finance· 2025-12-20 11:46
Core Viewpoint - ProPetro Holding Corp. (NYSE:PUMP) experienced a significant decline in share price, dropping 20% from December 10 to December 17, 2025, amidst a broader bearish sentiment in the energy sector due to falling global crude oil prices [1][2]. Group 1: Stock Performance - The share price of ProPetro Holding Corp. fell by 20% between December 10 and December 17, 2025, making it one of the worst-performing energy stocks during that week [1]. - Despite positive developments, including upgrades from major financial institutions, the stock's performance was negatively impacted by a decline in oil prices, reaching a four-year low [2]. Group 2: Analyst Ratings and Price Targets - On December 10, JPMorgan upgraded ProPetro Holding from 'Neutral' to 'Overweight' and nearly doubled its price target from $7 to $13 as part of its 2026 outlook for the oilfield services sector [3]. - On December 17, Barclays raised its price target for PUMP from $10 to $11 while maintaining an 'Equal Weight' rating on the shares [3]. Group 3: Business Developments - ProPetro Holding announced on December 12 that its PROPWR business secured a new power services contract in the Permian Basin with a subsidiary of Coterra Energy Inc., increasing PROPWR's contracted power to over 220 MW, with operations expected to begin in Q1 2026 [4].
ProPetro Wins Coterra Microgrid Deal & Adds 190 MW of Orders
ZACKS· 2025-12-15 16:51
Core Insights - ProPetro Holding Corp.'s subsidiary PROPWR has secured a contract with Coterra Energy to deliver microgrids in New Mexico's Permian Basin, with operations starting in early 2026, highlighting PROPWR's execution strength and market responsiveness [1][8] - The partnership combines PROPWR's technical capabilities with Coterra Energy's operational strengths to create a scalable power platform tailored for oilfield needs [2] - PROPWR's contracted capacity has surpassed 220 megawatts (MW), with an average contract duration of about five years, indicating strong demand and long-term asset stability [3][8] Capacity and Equipment - PROPWR has placed orders for an additional 190 MW of equipment, increasing its total capacity to approximately 550 MW, with a mix of high-efficiency natural gas engines and low-emission turbines expected by the end of 2027 [4][8] - The long-term goal is to achieve a capacity of one gigawatt or more by 2030, reflecting the company's growth ambitions in the energy sector [4] Financial Outlook - PROPWR has raised its 2026 capital expenditure forecast to between $250 million and $275 million, while also pursuing a potential $350 million lease finance facility to enhance financial flexibility [5] - The company emphasizes free cash flow as its preferred funding source, positioning itself as a leading provider of innovative power solutions across various markets [5] Operational Progress - In its first year of operations, PROPWR has demonstrated strong momentum by securing multiple contracts, deploying assets, and establishing a competitive supply chain [6] - ProPetro's core businesses remain robust, with 11 active frac fleets and strong activity levels anticipated through 2026 [6]
ProPetro enters power supply agreement with Coterra's unit
Reuters· 2025-12-12 22:59
Core Insights - ProPetro Holding Corp's energy unit, PROPWR, has signed a deal with a unit of Coterra Energy to supply power for building and installing microgrids [1] Group 1 - The partnership aims to enhance energy infrastructure through the development of microgrids [1] - This collaboration reflects a growing trend in the energy sector towards sustainable and decentralized power solutions [1]
PROPWR Secures Distributed Microgrid Contract With Coterra Energy and Adds 190 Megawatts in New Orders
Businesswire· 2025-12-12 12:00
Core Insights - ProPetro Holding Corp.'s PROPWR division has secured a contract with a subsidiary of Coterra Energy Inc. to develop and install distributed microgrids in New Mexico's Permian Basin, with operations set to begin in Q1 2026 [1][2] - The contract adds over 220 megawatts to PROPWR's portfolio, with an average contract duration of approximately five years, demonstrating the division's capability to support leading operators in the region [2] - PROPWR's commercial pipeline remains strong, with additional opportunities in the oilfield and data center sectors, reinforcing its position as a key provider of power solutions [3] Equipment and Capacity - PROPWR has ordered an additional 190 megawatts of equipment, increasing its total capacity to approximately 550 megawatts, with a split of 70% natural gas generators and 30% low emissions turbines [4] - The average cost per megawatt for the ordered equipment is approximately $1.1 million, including balance of plant, with expectations to deliver 750 megawatts by year-end 2028 and a goal of reaching one gigawatt by year-end 2030 [4] Financial Projections - Due to the new equipment orders, PROPWR's projected capital expenditures for 2026 are now between $250 million and $275 million, up from previous guidance of $200 million to $250 million [5] - The company is negotiating a $350 million lease finance facility with an investment-grade partner to enhance financial flexibility, while prioritizing free cash flow from its completions business as the main source of future capital [6] Business Momentum - PROPWR has made significant progress since its launch a year ago, including signing multiple contracts and establishing a competitive supply chain position [7] - The company is currently operating 11 frac fleets and anticipates maintaining this level of activity into 2026, indicating a strong operational outlook [7]