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ProPetro Holding Corp. PUMP Hydraulic Fracturing — Cost of service - labor

Other segment segments

Wireline
$14.25M+6.4%
Cementing
$7.03M-11.8%
Power Generation
$3.39M

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Other financials

Income statement

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Revenue$305.8M-6.2%
Gross profit$71.8M-1.6%
Operating income-$3.2M-0.5%
Net income-$8.1M-13.4%
EPS (diluted)-$0.070.0%

Balance sheet

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Cash & equivalents$784.0M+948%
Total debt$868.8M+412%
Total equity$957.4M+16.2%
Total assets$2.1B+67.6%

Cash flow

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Operating cash flow$66.0M+21.8%
CapEx$61.4M+65.2%
Free cash flow-$40.6M-395%

Valuation

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Market cap$1.34B+171%
Enterprise value$1.43B+142%
P/S1.2×+0.8×

Profitability

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Gross margin22.7%-2.1pp
Operating margin-1%-0.5pp
Net margin-1.2%-0.5pp
FCF margin-0.6%-7.1pp

Returns & leverage

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Return on equity-1.5%-0.7pp
Debt / equity0.9×+0.7×
Current ratio4.1×+2.7×

Where this comes from

Reported directly by ProPetro Holding Corp. in its filing.

Tagged under the XBRL concept us-gaap:CostDirectLabor.

The source filing: ProPetro Holding Corp.’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 7:38 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001680247-26-000097
Line itemHydraulic FracturingWirelineCementingPower GenerationReconciling ItemsTotal
Service revenue$207,249$57,542$32,027$9,317$(324)$305,811
Cost of service - labor$40,973$14,252$7,030$3,390$65,645
Cost of service - expendables$28,976$16,338$14,457$61$(324)$59,508
Cost of service - other direct costs$88,743$12,681$3,475$3,941$108,840
General and administrative expenses excluding nonrecurring and non cash items for reportable segments$4,358$2,830$1,590$2,667$11,445
Adjusted EBITDA for reportable segments$44,199$11,441$5,475$(742)$60,373
Depreciation and amortization$34,002$4,953$2,148$2,346$14$43,463
Capital expenditures incurred$16,279$4,217$3,186$46,953$9$70,644

Item 1. Financial Statements (Unaudited)

FAQ

What is ProPetro Holding Corp.'s hydraulic fracturing — cost of service - labor?
ProPetro Holding Corp. (PUMP) reported hydraulic fracturing — cost of service - labor of $40.97M in Q2 2026.
How has ProPetro Holding Corp.'s hydraulic fracturing — cost of service - labor changed year-over-year?
ProPetro Holding Corp.'s hydraulic fracturing — cost of service - labor decreased by 22.4% year-over-year, from $52.81M to $40.97M.
What is the long-term trend for ProPetro Holding Corp.'s hydraulic fracturing — cost of service - labor?
Over 3 years (2022 to 2025), ProPetro Holding Corp.'s hydraulic fracturing — cost of service - labor has grown at a -3.0% compound annual growth rate (CAGR), from $208.01M to $189.6M.
What does hydraulic fracturing — cost of service - labor mean?
This metric captures the direct personnel costs associated with operating hydraulic fracturing equipment and delivering field services. Monitoring this helps evaluate labor efficiency and the impact of wage inflation on the segment's operating margins.

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