Propetro Holding Corp. (NYSE: PUMP) has announced the pricing of an upsized underwritten public offering of 15,000,000 shares of its common stock, at a price to the public of $10.00 per share. This represents a 2,500,000 share upsize from the originally proposed 12,500,000 share offering.
The company intends to use the net proceeds from the offering for general corporate purposes, including to fund growth capital for additional power generation equipment. The underwriters have been granted a 30-day option to purchase up to an additional 2,250,000 shares of common stock at the public offering price, less the underwriting discounts and commissions.
Goldman Sachs & Co. LLC is serving as the lead book-running manager for the offering, with Barclays Capital Inc., J.P. Morgan Securities LLC, and BofA Securities also serving as joint book-running managers. The offering is expected to close on January 28, 2026, subject to customary closing conditions.
Propetro Holding Corp. is a provider of premium completion and power services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources.
The registration statement for this offering was filed on December 16, 2025, and became effective upon filing. This press release does not constitute an offer to sell or the solicitation of an offer to buy the shares of common stock or any other securities. Today the company's shares have moved -1.25% to a price of $10.29. For the full picture, make sure to review ProPetro's 8-K report.
