ProPetro (US:PUMP)2026-02-18 21:30Financial 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].