ProPetro Holding Corp. reported a net income of $0.8 million for the fiscal year ending December 31, 2025, a significant recovery from a net loss of $137.9 million in 2024. This turnaround is reflected in a diluted net income per share of $0.01, compared to a diluted net loss of $1.31 in the previous year. Total revenue for 2025 was approximately $1.27 billion, down 12.1% from $1.44 billion in 2024, primarily due to decreased customer activity and pricing pressures in the hydraulic fracturing segment, which accounted for 73.2% of total revenue. Adjusted EBITDA for the year was approximately $208.4 million, a decrease of 26.4% from $283.2 million in 2024.
The company experienced notable operational changes, including the formation of a new subsidiary, ProPetro Energy Solutions, LLC (PROPWR), which began generating revenue in the third quarter of 2025. This subsidiary focuses on providing mobile power generation services, and by the end of the year, it had secured contracts for approximately 550 megawatts of power generation capacity. Additionally, ProPetro completed the acquisition of Aqua Prop, LLC, which expanded its service offerings to include wet sand solutions for hydraulic fracturing. The company also sold its cementing business in Vernal, Utah, as part of a strategic repositioning, realizing a gain of $8.2 million from the sale.
In terms of operational metrics, ProPetro's hydraulic fracturing fleet count decreased from 15 to 11 active fleets during 2025, reflecting a strategic decision to idle certain fleets in response to market conditions. The company reported a total available hydraulic horsepower of 1,259,500 HHP, with a significant portion now consisting of lower-emission equipment. The company’s workforce remained stable at approximately 1,700 employees, with no union representation.
Looking ahead, ProPetro's management expressed cautious optimism, noting that improvements in the Permian Basin rig count and market conditions could enhance operational and financial results. However, they acknowledged the ongoing volatility in oil prices and the potential impact of inflation on operational costs. The company plans to continue investing in its PROPWR business line and anticipates capital expenditures ranging from $390 million to $435 million in 2026, primarily focused on power generation equipment and maintaining existing assets. The company’s liquidity position was reported at $205.4 million as of December 31, 2025, providing a buffer for future investments and operational needs.
About ProPetro Holding Corp.
ProPetro Holding Corp. is an integrated energy services company specializing in hydraulic fracturing, wireline, cementing, and power generation services for North American oil and gas producers, primarily in the Permian Basin. It offers technologically advanced, lower-emission equipment and customized solutions to support unconventional well completions. The company serves major E&P clients, emphasizing operational efficiency, safety, and industry expertise within a highly cyclical and regulated energy market.
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