secwatch.observer — SEC 8-K summary
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Issuer:     ProPetro Holding Corp. (PUMP)
CIK:        0001680247
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001680247-23-000019
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680247/000168024723000019/0001680247-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680247/000168024723000019/pump-20230221.htm
  HTML page:      https://secwatch.observer/filing/0001680247-23-000019

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