ProPetro Q4 revenue $349M, net income $13M; FY22 revenue $1.3B (+46% YoY)

ProPetro Holding Corp.

2022-FY EPS reported $0.02 revenue$1,279,701,000

Full year 2022 revenue $1.3B (+46% YoY); net income $2M vs net loss $54M in 2021.
Q4 2022 revenue $349M (+5% QoQ); net income $13M ($0.12 diluted EPS) vs $10M prior quarter.
Q4 Adjusted EBITDA $84M (24% of revenues) vs $90M (27%) prior quarter; utilization 14.5 fleets.
Completed acquisition of Silvertip Completion Services (wireline) on Nov 1, 2022.
Ordered two additional electric frac fleets (total four in 2023); signed first long-term electric contract.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ProPetro Holding Corp. reported fourth quarter 2022 results: revenue $349 million, net income $13 million, EPS $0.12 per diluted share.

Period: fourth quarter 2022
Revenue: $349 million
Net income: $13 million
EPS: $0.12 per diluted share
Result: reported results

Exact text from the filing

Fourth quarter revenue increased 5% to $349 million compared to $333 million for the prior quarter. • Fourth quarter net income of $13 million, or $0.12 per diluted share, compared to net income of $10 million, or $0.10 per diluted share, for the prior quarter.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ProPetro Holding Corp. reported full year 2022 results: revenue $1.3 billion, net income $2 million.

Period: full year 2022
Revenue: $1.3 billion
Net income: $2 million
Result: reported results

Exact text from the filing

Full year 2022 revenue of $1.3 billion, a 46% increase versus 2021. • Net income of $2 million for the full year 2022, as compared to a net loss of $54 million in 2021.

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

ProPetro Holding Corp. filing history →

Source: SEC EDGAR

accession 0001680247-23-000019

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