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Propetro Holding's Business Segments
Propetro Holding's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2026
Reportable Segments
4
Largest Segment
Hydraulic Fracturing
Total Revenue
$ 271
Regions Reported
-
Revenue Share by Reportable Segment - Q1 FY2026
- Hydraulic Fracturing66.3%
- Wireline Operating22.8%
- Cementing Operating10.3%
- Power Generation0.8%
Revenue by Reportable Segment - Q1 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Hydraulic Fracturing | $ 179 | 66.3% |
| Wireline Operating | $ 62 | 22.8% |
| Cementing Operating | $ 28 | 10.3% |
1 more segments available
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Description of Propetro Holding
Propetro Holding Corp is an oilfield services company headquartered in Midland, Texas. The company provides hydraulic fracturing and other related services to oil and gas exploration and production companies primarily operating in the Permian Basin.
Propetro was founded in 2005 and has grown rapidly since its inception. It operates a large fleet of hydraulic fracturing units, which are used to extract oil and gas from underground shale formations. The company also provides other services such as cementing, acidizing, and coiled tubing.
The primary focus of Propetro is on providing high-quality hydraulic fracturing services. Hydraulic fracturing, or fracking, is a process that involves injecting a mixture of water, sand, and chemicals into underground rock formations. This creates fractures in the rock, allowing oil and gas to flow more freely. Propetro's expertise lies in operating the equipment and technology necessary for efficient and effective fracking.
The company's fleet of specialized fracturing units is designed to meet the specific requirements of its customers. These units are typically large trucks equipped with high-pressure pumps and other necessary equipment. Propetro's well-trained and experienced operators handle the entire fracking process, from the setup and operation of equipment to the monitoring and maintenance of wells.
Propetro has established strong relationships with major oil and gas companies operating in the Permian Basin, including ExxonMobil, Chevron, and ConocoPhillips. The company often works closely with its clients to optimize the fracking process, improve well productivity, and increase overall production.
In addition to its hydraulic fracturing services, Propetro also offers cementing services. Cementing is a critical step in the well completion process, where cement is pumped into the wellbore to secure and support the casing. Propetro's cementing services ensure well integrity and longevity.
Furthermore, Propetro provides acidizing services, which involve using acid solutions to clean, stimulate, or enhance production in oil and gas wells. Acidizing can be performed before or after hydraulic fracturing to remove any scale or other obstructions that may prevent the flow of oil and gas.
Coiled tubing services are also a part of Propetro's offerings. Coiled tubing is a continuous length of pipe which is spooled onto a large reel. It is used for a variety of services, including well cleanouts, nitrogen and foam stimulation, and jetting operations. Propetro's coiled tubing services are designed to enhance well performance and improve overall efficiency.
Overall, Propetro Holding Corp is a well-established and highly respected oilfield services company, specializing in hydraulic fracturing and related services. Its extensive fleet of fracturing units, coupled with its experienced workforce, allow the company to efficiently meet the needs of its customers and play a crucial role in the extraction of oil and gas from the Permian Basin.
Propetro was founded in 2005 and has grown rapidly since its inception. It operates a large fleet of hydraulic fracturing units, which are used to extract oil and gas from underground shale formations. The company also provides other services such as cementing, acidizing, and coiled tubing.
The primary focus of Propetro is on providing high-quality hydraulic fracturing services. Hydraulic fracturing, or fracking, is a process that involves injecting a mixture of water, sand, and chemicals into underground rock formations. This creates fractures in the rock, allowing oil and gas to flow more freely. Propetro's expertise lies in operating the equipment and technology necessary for efficient and effective fracking.
The company's fleet of specialized fracturing units is designed to meet the specific requirements of its customers. These units are typically large trucks equipped with high-pressure pumps and other necessary equipment. Propetro's well-trained and experienced operators handle the entire fracking process, from the setup and operation of equipment to the monitoring and maintenance of wells.
Propetro has established strong relationships with major oil and gas companies operating in the Permian Basin, including ExxonMobil, Chevron, and ConocoPhillips. The company often works closely with its clients to optimize the fracking process, improve well productivity, and increase overall production.
In addition to its hydraulic fracturing services, Propetro also offers cementing services. Cementing is a critical step in the well completion process, where cement is pumped into the wellbore to secure and support the casing. Propetro's cementing services ensure well integrity and longevity.
Furthermore, Propetro provides acidizing services, which involve using acid solutions to clean, stimulate, or enhance production in oil and gas wells. Acidizing can be performed before or after hydraulic fracturing to remove any scale or other obstructions that may prevent the flow of oil and gas.
Coiled tubing services are also a part of Propetro's offerings. Coiled tubing is a continuous length of pipe which is spooled onto a large reel. It is used for a variety of services, including well cleanouts, nitrogen and foam stimulation, and jetting operations. Propetro's coiled tubing services are designed to enhance well performance and improve overall efficiency.
Overall, Propetro Holding Corp is a well-established and highly respected oilfield services company, specializing in hydraulic fracturing and related services. Its extensive fleet of fracturing units, coupled with its experienced workforce, allow the company to efficiently meet the needs of its customers and play a crucial role in the extraction of oil and gas from the Permian Basin.
ProPetro Holding Corp, based in the United States, is a leading oil and natural gas well service company focused on hydraulic fracturing and well-completion services. The company primarily engages in providing high-quality, reliable, and efficient hydraulic fracturing services to onshore exploration and production (E&P) companies, primarily operating in some of the most prolific basins in the Permian Basin.
Segments
1. Hydraulic Fracturing Services:
This is the core segment of ProPetro’s operations. It involves the process of injecting fluid into subsurface rock formations at high pressure to create fractures, thereby improving the flow of hydrocarbons to the wellbore. The company uses advanced technologies and specialized equipment to perform these services.
2. Well Completion Services:
In addition to hydraulic fracturing, ProPetro also offers well completion services. This entails the necessary procedures to prepare a well for production after drilling, which may include perforation, gravel packing, and artificial lift systems.
3. Ancillary Services:
ProPetro may also provide ancillary services that complement their core offerings, including logistical support, consulting services regarding well treatment optimization, and support for E&P companies in various operational aspects.
Products
1. Hydraulic Fracturing Equipment:
ProPetro utilizes a fleet of specialized hydraulic fracturing equipment, including high-pressure pumps, blenders, and fluid storage units. This equipment is designed to efficiently handle materials and fluids necessary for the fracturing process.
2. Proprietary Chemicals:
The company employs various proprietary chemical formulations in their fracturing fluids designed to enhance performance, reduce environmental impact, and ensure the optimal delivery of proppant into the fractures. These chemicals can include friction reducers, gelling agents, and biocides.
3. Proppants:
ProPetro provides a variety of proppants used to keep fractures open during and after the hydraulic fracturing process. This includes sand and resin-coated proppants, which help in enhancing conductivity in the fractured rock formation.
4. Monitoring and Control Systems:
Advanced monitoring systems allow for real-time data collection and analysis during fracturing operations, which helps in optimizing treatment design and ensuring safety. ProPetro employs sophisticated software solutions to track operations and performance metrics.
Services
1. Custom Fracturing Programs:
ProPetro collaborates with E&P companies to design custom hydraulic fracturing programs tailored to the specific geology of the site and the unique requirements of the wells being developed. This collaborative approach is aimed at maximizing hydrocarbon recovery.
2. Consultation and Engineering Services:
The company also offers consultation services wherein their engineering team advises clients on the best practices for well completion and optimization. This could involve reservoir analysis, fracture modeling, and production forecasting.
3. Logistical Support:
ProPetro provides logistical oversight for the transport and management of equipment and materials required for operations. This includes scheduling, supply chain management, and coordination of crews working on site.
4. Health, Safety, and Environmental (HSE) Services:
Prioritizing safety and environmental stewardship, ProPetro implements HSE protocols in all their operations. They continuously monitor and adapt their practices to comply with regulations and industry standards, ensuring safety for their workforce and minimizing environmental impacts.
Technology and Innovation
ProPetro is committed to integrating new technologies to enhance performance and efficiency. This includes advancements in data analytics, automation, and environmentally sustainable practices. The company may invest in research and development to innovate new methods and technologies in well service operations, driving efficiency and reducing costs for E&P clients.
Summary
Overall, ProPetro Holding Corps offerings encapsulate a comprehensive suite of well service solutions focused primarily on hydraulic fracturing and well completion. Their commitment to quality, efficiency, safety, and innovation positions them as a key player in the oil and gas service industry, enabling their clients to achieve optimal production results from their drilling activities.
Segments
1. Hydraulic Fracturing Services:
This is the core segment of ProPetro’s operations. It involves the process of injecting fluid into subsurface rock formations at high pressure to create fractures, thereby improving the flow of hydrocarbons to the wellbore. The company uses advanced technologies and specialized equipment to perform these services.
2. Well Completion Services:
In addition to hydraulic fracturing, ProPetro also offers well completion services. This entails the necessary procedures to prepare a well for production after drilling, which may include perforation, gravel packing, and artificial lift systems.
3. Ancillary Services:
ProPetro may also provide ancillary services that complement their core offerings, including logistical support, consulting services regarding well treatment optimization, and support for E&P companies in various operational aspects.
Products
1. Hydraulic Fracturing Equipment:
ProPetro utilizes a fleet of specialized hydraulic fracturing equipment, including high-pressure pumps, blenders, and fluid storage units. This equipment is designed to efficiently handle materials and fluids necessary for the fracturing process.
2. Proprietary Chemicals:
The company employs various proprietary chemical formulations in their fracturing fluids designed to enhance performance, reduce environmental impact, and ensure the optimal delivery of proppant into the fractures. These chemicals can include friction reducers, gelling agents, and biocides.
3. Proppants:
ProPetro provides a variety of proppants used to keep fractures open during and after the hydraulic fracturing process. This includes sand and resin-coated proppants, which help in enhancing conductivity in the fractured rock formation.
4. Monitoring and Control Systems:
Advanced monitoring systems allow for real-time data collection and analysis during fracturing operations, which helps in optimizing treatment design and ensuring safety. ProPetro employs sophisticated software solutions to track operations and performance metrics.
Services
1. Custom Fracturing Programs:
ProPetro collaborates with E&P companies to design custom hydraulic fracturing programs tailored to the specific geology of the site and the unique requirements of the wells being developed. This collaborative approach is aimed at maximizing hydrocarbon recovery.
2. Consultation and Engineering Services:
The company also offers consultation services wherein their engineering team advises clients on the best practices for well completion and optimization. This could involve reservoir analysis, fracture modeling, and production forecasting.
3. Logistical Support:
ProPetro provides logistical oversight for the transport and management of equipment and materials required for operations. This includes scheduling, supply chain management, and coordination of crews working on site.
4. Health, Safety, and Environmental (HSE) Services:
Prioritizing safety and environmental stewardship, ProPetro implements HSE protocols in all their operations. They continuously monitor and adapt their practices to comply with regulations and industry standards, ensuring safety for their workforce and minimizing environmental impacts.
Technology and Innovation
ProPetro is committed to integrating new technologies to enhance performance and efficiency. This includes advancements in data analytics, automation, and environmentally sustainable practices. The company may invest in research and development to innovate new methods and technologies in well service operations, driving efficiency and reducing costs for E&P clients.
Summary
Overall, ProPetro Holding Corps offerings encapsulate a comprehensive suite of well service solutions focused primarily on hydraulic fracturing and well completion. Their commitment to quality, efficiency, safety, and innovation positions them as a key player in the oil and gas service industry, enabling their clients to achieve optimal production results from their drilling activities.