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ProPetro Holding cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$76.9M in Q3 2026 · −$96.0M over twelve months

Operating cash flow$46.3M
Capital spending−$123M
Free cash flow−$76.9M
Cash / net income3.6×
Cash conversion cycle26 days

Analysis

In Q3 2026, ProPetro Holding generated $46.3M of operating cash flow and spent $123M on capital projects, leaving free cash flow of −$76.9M. That is $74.5M less than in Q3 2025 (−$2.4M).

Over the twelve months to Sep 30, 2026, operating cash flow was $196M; the largest uses were capital spending ($292M), net borrowing (+) / repaid (−) ($81.8M), taxes on employees’ shares ($7.1M); besides operations, cash came from other financing ($815M), asset & business sales ($20.5M); the cash balance rose by $662M.

Operating cash flow was $46.3M against net income of $13.0M — 3.6× profit, cash ran ahead of reported earnings. The largest differences: receivables −$57.2M, depreciation & amortization +$44.4M, accrued liabilities +$35.0M.

Its cash conversion cycle was 26 days (receivables 68 + inventory 8 − payables 50).

Free cash flow

ProPetro Holding: free cash flow by quarterProPetro Holding: free cash flow by quarter$10.0MQ4 2024$13.8MQ1 2025$17.1MQ2 2025−$2.4MQ3 2025$16.8MQ4 2025−$40.6MQ1 2026$4.7MQ2 2026−$76.9MQ3 2026
Operating cash flow less capital spending.
ProPetro Holding: operating cash flow against capital spendingProPetro Holding: operating cash flow against capital spendingOperating cash flowCapital spending$37.9M$27.8MQ4 2024$54.7M$40.9MQ1 2025$54.2M$37.1MQ2 2025$41.7M$44.0MQ3 2025$81.0M$64.2MQ4 2025$2.7M$43.4MQ1 2026$66.0M$61.4MQ2 2026$46.3M$123MQ3 2026
Latest (Q3 2026): Operating cash flow $46.3M, Capital spending $123M.

Capital allocation, year by year

ProPetro Holding: where the cash came from (up) and went (down), by fiscal yearProPetro Holding: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $155MFY2021: Shares issued $4.0MFY2021: Asset sales $39.2MFY2021: Capital spending −$144M$198MFY2021FY2022: Operating cash flow $300MFY2022: Net borrowing $30.0MFY2022: Shares issued $963KFY2022: Asset sales $8.6MFY2022: Capital spending −$320MFY2022: Acquisitions −$38.6M$340MFY2022FY2023: Operating cash flow $375MFY2023: Net borrowing $10.3MFY2023: Asset sales $9.0MFY2023: Capital spending −$371MFY2023: Acquisitions −$22.2MFY2023: Buybacks −$51.7M$394MFY2023FY2024: Operating cash flow $252MFY2024: Net borrowing −$17.7MFY2024: Asset sales $6.2MFY2024: Capital spending −$140MFY2024: Acquisitions −$21.0MFY2024: Buybacks −$59.1M$259MFY2024FY2025: Operating cash flow $232MFY2025: Net borrowing −$22.1MFY2025: Asset sales $23.5MFY2025: Capital spending −$186M$255MFY2025
Over these 5 years operating cash flow totalled $1.3B; the largest uses were capital spending ($1.2B) and buybacks ($111M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$729M
Debt$840M
Net debt$111M
Due within a year$31.2M

ProPetro Holding's operations bring cash in ($196M over twelve months), and it spends more than that on capital projects: a gap of $96.0M funded from its $729M of cash and investments and from borrowing ($840M of debt, $31.2M due within a year). That is a choice to invest, not a cash runway running down.

Where the cash came from and went

ProPetro Holding: sources (+) and uses (−) of cash, Q3 2026ProPetro Holding: sources (+) and uses (−) of cash, Q3 2026Capital spending−$123MCash drawn (+) / kept (−)$55.1MOperating cash flow$46.3MOther financing$32.4MNet borrowing (+) / repaid (−)−$11.6MAsset & business sales$1.1MTaxes on employees’ shares−$144K
ProPetro Holding: sources (+) and uses (−) of cash, TTM to Q3 2026ProPetro Holding: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$815MCash drawn (+) / kept (−)−$662MCapital spending−$292MOperating cash flow$196MNet borrowing (+) / repaid (−)−$81.8MAsset & business sales$20.5MOther investing$11.6MTaxes on employees’ shares−$7.1M

From profit to cash

ProPetro Holding: net income to operating cash flow, Q3 2026ProPetro Holding: net income to operating cash flow, Q3 2026Net income$13.0MDepreciation & amortization$44.4MStock-based pay$6.0MDeferred taxes−$1.4MGains on disposals−$611KReceivables−$57.2MInventory−$2.9MPayables$16.2MAccrued liabilities$35.0MPrepaid and other assets−$7.0MOperating cash flow$46.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20266885026
Q2 20266974630
Q1 20267164928
Q4 20256565417
Q3 20256664824
Q2 20256354028
Q1 20255553524
Q4 20246164225

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$46.3M−$123M—−$11.6M—$55.1M−$76.9M
Q2 2026$66.0M−$61.4M—−$9.6M—−$627M$4.7M
Q1 2026$2.7M−$43.4M—−$53.3M$164M−$65.3M−$40.6M
Q4 2025$81.0M−$64.2M—−$7.3M—−$24.8M$16.8M
Q3 2025$41.7M−$44.0M—−$5.6M—$8.3M−$2.4M
Q2 2025$54.2M−$37.1M—−$4.5M—−$11.4M$17.1M
Q1 2025$54.7M−$40.9M—−$4.7M—−$12.9M$13.8M
Q4 2024$37.9M−$27.8M−$3.4M−$4.6M—−$3.9M$10.0M

ProPetro Holding: income statement and cash flow

ProPetro Holding, Q3 2026: revenue $355M (+21% year over year), operating margin 3.1%. The chart follows the revenue to costs, profit and cash.

ProPetro Holding: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.