ProPetro Reports Q1 Results Amid Weather Disruptions and Announces ProPWR Expansion
ProPetro Holding Corp. reported a net loss of $4 million for the first quarter of 2026, with revenue declining to $271 million due to adverse weather conditions. However, management highlighted positive performance in its completions business when measured by Adjusted EBITDA less capex at $36 million (13% of revenue). The company also announced a new agreement with Caterpillar that could expand ProPWR's capacity significantly and raised full-year 2026 capital expenditure guidance to $540–$610 million.
Topics: capex guidance Caterpillar partnership completions business performance oil_services ProPWR expansion