About ProPetro Holding
ProPetro Holding is a publicly listed company based in Midland (United States) founded in 2005 by Jeff Smith and Dale Redman, and was acquired by Energy Capital Partners in March 2013. Oil and natural gas exploration and production services are provided. ProPetro Holding has raised $172.85 million across 8 funding rounds from investors including Dan Wilks, Stellus Capital Management and Energy Capital Partners. The company has 1,900 employees. ProPetro Holding has completed 3 acquisitions, including Aqua Prop, Par Five Energy Services and Silvertip. Its chief executive, as recorded, is Dale Redman. ProPetro Holding offers products and services including Hydraulic Fracturing and Cementing. Its focus areas include Energy, Oil & Gas Upstream, Diversified and Oilfield Services. Its legal entity is ProPetro Holding Corp.
Company details
ProPetro Holding was established in 2005 in Midland, United States, within the energy sector. Hydraulic fracturing and other completion services for oil and natural gas wells are offered to exploration and production companies. Operations are centered in the Permian Basin, supporting upstream activities across the region. Co-founders Dale Redman and Jeff Smith lead as CEO and CFO, respectively, overseeing service delivery in a competitive market.
- Headquarters Midland, United States
- Employees 1,900
- Founders Jeff Smith, Dale Redman
- Stage Public
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website propetroservices.com
- Social LinkedIn X Facebook Instagram
- Acquired by Energy Capital Partners (Mar 2013)
- Legal Name Propetro Holding Corp.
- Annual Revenue$1.27 B (USD)-12.13as on Dec 31, 2025
- Net Profit$824 K (USD)as on Dec 31, 2025
- EBITDA$193.43 M (USD)-27.27as on Dec 31, 2025
- Total Equity Funding$172.85M (USD)
in 8 rounds
- InvestorsStellus Capital Management
& 2 more
- Employee Count1,900
- Investments & AcquisitionsAqua Prop
& 2 more
- Acquired byEnergy Capital Partners
(Mar 2013)
Products & Services of ProPetro Holding
ProPetro Holding offers a comprehensive portfolio of products and services, including Hydraulic Fracturing and Cementing.
Hydraulic fracturing services are delivered by ProPetro to facilitate the exploration and production of unconventional oil and natural gas resources.
Cementing services are provided by ProPetro as part of complementary operations to support oil and gas extraction processes.
Funding Insights of ProPetro Holding
ProPetro Holding has successfully raised a total of $172.85M across 8 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $172.85M
- Total Rounds 8
- First Round $9.85M
(Sep 2005)
- Investors Count 2
All 8 funding rounds of ProPetro Holding with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2026 | Post-IPO | – | – | – | |
| Apr 2022 | Debt – Conventional | – | – | – | |
| Apr 2020 | Angel Round | – | Dan Wilks | – | |
| Feb 2019 | $300M | Debt – Conventional | – | – | – |
| Jan 2017 | $170M | Series C | – | – | – |
| Jul 2016 | $2.85M | Series A | – | – | – |
| Apr 2013 | $10M | Debt – Conventional | – | – | |
| Sep 2005 | $9.85M | Debt – Convertible | – | – | – |
3 investors in total: 2 institutional and 1 angel.
Investors in ProPetro Holding
ProPetro Holding has secured backing from 3 investors, including angel and venture fund investors. Prominent investors backing the company include Dan Wilks, Stellus Capital Management and Energy Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private debt fund focused on aerospace, services, consumer, distribution, education, industrial, and multiple sectors | stelluscapital.com | Houston, United States | ||
Energy Capital Partners is focused on energy transition investments. | 2005 | ecpartners.com | Summit, United States | |
DW Dan Wilks | unknown_7f7cbc4252af48249 |
Investor details for ProPetro Holding
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People of ProPetro Holding
88 people are tracked at ProPetro Holding (17 in leadership, 7 in board & advisors, 64 in team); the tracked headcount is 1,900.
| Name | Role | Group |
|---|---|---|
Jeff Smith | Co-Founder & CFO | Leadership |
Dale Redman | Co-Founder & CEO | Leadership |
Jeffrey Smith | Chief Administrative Officer | Leadership |
Deepak Khatri | Vice President Operations | Leadership |
Sam Sledge | CEO & Director | Leadership |
Adam Muñoz | President & COO | Leadership |
Justin Wallace | Vice President Supply Chain & Asset Management | Leadership |
Zack Hernandez | Vice President Of Engineering | Leadership |
Josh Jones | Vice President, Strategy & Optimization | Leadership |
Thomas Bruder | Director, Administration & Operations Facilities & Security | Leadership |
Celina Davila Mba | Chief Accounting Officer (cao) | Leadership |
Shelby Fietz | Chief Commercial Officer (cco) | Leadership |
Taylor Carrasco | Director Of Supply Chain | Leadership |
Krishna Das | Director Of External Reporting | Leadership |
Kyle Kirk | Vice President Of Business Systems | Leadership |
Matt Augustine | Vice President, Finance And Investor Relations | Leadership |
Kristin MacHen | HSE Director | Leadership |
Mary Ricciardello | Director | Board & advisors |
Jack B. Moore | Director | Board & advisors |
Mark S. Berg | Director | Board & advisors |
68 more people are available in the full profile.
Complete people profiles for ProPetro Holding
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IPO & Listings of ProPetro Holding
ProPetro Holding is a publicly listed company on the NYSE with ticker symbol PUMP in USA, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date17 Mar 2017
- Listed onNYSE: PUMP
- Listed entityProPetro Holding Corp.
- Exchange sectorIndustrial services
- ISINUS74347M1080
- Share price$8.81 (+0.69% on the day) · 2026-10-13
- Market capitalisation$1.08B
- EPS (diluted, trailing year)$-0.11
- Volume (last session)2,602,319
Financials of ProPetro Holding
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $1.27B | $824,000 | $193.4M |
| 2024 | $1.44B | -$137.9M | $265.9M |
| 2023 | $1.63B | $85.6M | $384.2M |
| 2022 | $1.28B | $2.0M | $285.1M |
| 2021 | $874.5M | -$54.2M | $129.3M |
Detailed financial statements for ProPetro Holding
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Investments & Acquisitions by ProPetro Holding
ProPetro Holding has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Aqua Prop, Par Five Energy Services and Silvertip.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of wet sand solutions for the oil and natural gas industry | aquaprop.com | Midland, United States | 2023 | Jun 2024 | $35.6M | |
Oilfield cementing services are provided in the Permian Basin. | par-five.com | Artesia, United States | 2011 | Dec 2023 | •••• | |
Provider of wireline and pump down services including logging, perforating, and pressure control | silvertipcompletions.com | Midland, United States | 2017 | Nov 2022 | $40.1M |
Complete acquisition details for ProPetro Holding
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Timeline of ProPetro Holding
8 dated milestones of ProPetro Holding across 21 years, from founding to its latest funding, stage changes and deals.
- Founded ProPetro Holding is founded.
- Funding First funding round of $9.8M.
- Exit Acquired by Energy Capital Partners.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Silvertip.
- Acquisition Acquires Par Five Energy Services.
- Acquisition Acquires Aqua Prop.
- Funding Latest funding round, Post-IPO,.
Web traffic of ProPetro Holding
The website of ProPetro Holding (propetroservices.com) receives about 4.4K visits a month.
- Monthly visits4.4K
▲ 38.4% vs previous month
Top companies in Oil & Gas Operations
3 companies that operate in the same segment as ProPetro Holding (Oil & Gas Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Oilfield services and products are supplied worldwide by Schlumberger. | 1926 | United States | USD 35.69 B | 110,000 | ||
bp is recognized as a global energy company. | 1909 | United States | USD 185.5 B | 100,500 | ||
Energy production and transportation are conducted by Dominion Energy. | 1983 | United States | USD 16.73 B | 14,700 |
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Frequently Asked Questions about ProPetro Holding
ProPetro Holding was founded in 2005.
ProPetro Holding is headquartered in Midland, United States. It is registered at Midland, Texas, United States.
Dale Redman is the CEO of ProPetro Holding, as recorded in our data. They have also founded this company.
ProPetro Holding is a funded company, having raised a total of $172.85M across 8 funding rounds to date. The company's 1st funding round was a Debt – Convertible of $9.85M, raised on Sep 2005.
ProPetro Holding has 1,900 employees.
Annual revenue of ProPetro Holding is $1.27B as on Dec 31, 2025.
ProPetro Holding was established in 2005 in Midland, United States, within the energy sector. Hydraulic fracturing and other completion services for oil and natural gas wells are offered to exploration and production companies. Operations are centered in the Permian Basin, supporting upstream activities across the region. Co-founders Dale Redman and Jeff Smith lead as CEO and CFO, respectively, overseeing service delivery in a competitive market.
ProPetro Holding offers Hydraulic Fracturing and Cementing.
Yes, ProPetro Holding is publicly traded on NYSE under the ticker symbol PUMP.
ProPetro Holding has made 3 acquisitions, including Aqua Prop, Par Five Energy Services, and Silvertip.
ProPetro Holding has 3 investors. Key investors include Dan Wilks, Stellus Capital Management, and Energy Capital Partners.
ProPetro Holding operates through Propetro Holding Corp.