{"id":"propetro-q3-results-propwr-contracts-october-28-2026","canonicalSlug":"propetro-q3-results-propwr-contracts-october-28-2026","url":"https://wellficent.com/en/news/propetro-q3-results-propwr-contracts-october-28-2026","language":"en","title":"ProPetro returns to profit as PROPWR contracted capacity reaches 510 MW","summary":"Quarterly revenue rises sequentially, while the power business expands its contracted portfolio.","body":["ProPetro reported on 28 October third-quarter revenue of US$355 million, up 16% from US$306 million in the preceding quarter. Net income was US$13 million, or US$0.09 per diluted share, compared with a second-quarter net loss of US$8 million, or US$0.07 per diluted share. The comparison is sequential, rather than against the same quarter of the prior year.","Adjusted EBITDA reached US$60 million, approximately 17% of revenue and 33% above the previous quarter. The company identifies adjusted EBITDA as a non-GAAP measure and provides a reconciliation. Operating cash flow was US$46 million, while cash used in investing activities was US$122 million.","The PROPWR power business generated approximately US$8 million of adjusted EBITDA. Capacity committed under contract reached roughly 510 megawatts, including approximately 230 MW under the Targa agreement. Contracted capacity is distinct from equipment already deployed or electricity being generated.","ProPetro expects to deploy more than 500 MW by early 2028 and continues discussions on additional data-centre opportunities. These deployment plans and negotiations remain forward-looking. Paid capital expenditure was US$123 million, while incurred expenditure was US$171 million, highlighting that cash payments and the period’s investment commitments are different measures."],"keyPoints":[],"sections":[],"text":"ProPetro returns to profit as PROPWR contracted capacity reaches 510 MW\n\nQuarterly revenue rises sequentially, while the power business expands its contracted portfolio.\n\nProPetro reported on 28 October third-quarter revenue of US$355 million, up 16% from US$306 million in the preceding quarter. Net income was US$13 million, or US$0.09 per diluted share, compared with a second-quarter net loss of US$8 million, or US$0.07 per diluted share. The comparison is sequential, rather than against the same quarter of the prior year.\n\nAdjusted EBITDA reached US$60 million, approximately 17% of revenue and 33% above the previous quarter. The company identifies adjusted EBITDA as a non-GAAP measure and provides a reconciliation. Operating cash flow was US$46 million, while cash used in investing activities was US$122 million.\n\nThe PROPWR power business generated approximately US$8 million of adjusted EBITDA. Capacity committed under contract reached roughly 510 megawatts, including approximately 230 MW under the Targa agreement. Contracted capacity is distinct from equipment already deployed or electricity being generated.\n\nProPetro expects to deploy more than 500 MW by early 2028 and continues discussions on additional data-centre opportunities. These deployment plans and negotiations remain forward-looking. Paid capital expenditure was US$123 million, while incurred expenditure was US$171 million, highlighting that cash payments and the period’s investment commitments are different measures.","category":"energy","region":"world","topics":["oil","gas","power","finance"],"eventDate":"2026-10-28","eventDateBasis":"source-event-or-period","publishedAt":"2026-10-28T16:06:08Z","modifiedAt":"2026-10-28T16:06:08Z","publicationBasis":"first-publication","preparedAt":"2026-10-28T16:05:43Z","sourcePublishedAt":"2026-10-28","translatedAt":null,"sources":[{"url":"https://ir.propetroservices.com/news-events/press-releases/detail/155/propetro-reports-financial-results-for-the-third-quarter-of-2026","name":"ProPetro","checkedAt":"2026-10-28","publishedAt":"2026-10-28"}],"translations":{"en":"https://wellficent.com/en/news/propetro-q3-results-propwr-contracts-october-28-2026","tr":"https://wellficent.com/tr/news/propetro-q3-results-propwr-contracts-october-28-2026","ar":"https://wellficent.com/ar/news/propetro-q3-results-propwr-contracts-october-28-2026","fr":"https://wellficent.com/fr/news/propetro-q3-results-propwr-contracts-october-28-2026","es":"https://wellficent.com/es/news/propetro-q3-results-propwr-contracts-october-28-2026","ru":"https://wellficent.com/ru/news/propetro-q3-results-propwr-contracts-october-28-2026","pt":"https://wellficent.com/pt/news/propetro-q3-results-propwr-contracts-october-28-2026"},"corrections":[],"locations":[],"type":"news","classification":{"version":"1","dataKinds":["corporate-results"],"geographies":[{"role":"economic-scope","countryCode":"US","subdivisionCode":null}],"evidenceBasis":["reported-observation","forecast"],"measurementPeriod":{"to":"2026-Q3","from":"2026-Q3","precision":"quarter"}}}