ProFrac, ProPetro, Centrus Energy Shares Drop on Oil Decline, US-Iran Progress

Energy stocks including ProFrac Holding (PFHC), ProPetro Holding (PUMP) and Centrus Energy (LEU) fell sharply on June 5, 2026, as WTI crude slid 1.76% to $91.40 a barrel and the U.S. President signaled progress in US-Iran talks that could ease Strait of Hormuz tensions. The prospect of reduced supply risk unwound the risk premium in energy shares. A stronger-than-expected jobs report added pressure by raising interest rate expectations, increasing the cost of capital for debt-laden exploration and production firms. Centrus Energy, a proxy for the nuclear fuel cycle, was also weighed by retreating uranium prices. Spot uranium slipped to $85.95 per pound, extending a pullback from January highs above $100 as traders took profits. Centrus stock remained highly volatile, with 87 moves of more than 5% in the past year. It has lost 38.9% year-to-date, closing at $166.44 on June 5, 61.8% below its 52-week high of $436 hit in October 2025. A $1,000 investment five years ago would be worth $6,589.