{"schema_version":"secwatch.filing_event.v1","accession":"0001680247-23-000031","form_type":"8-K","ticker":"PUMP","cik":"0001680247","company_name":"ProPetro Holding Corp.","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.012452+00:00","generated_at":"2026-06-16T01:12:35.005840+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ProPetro Q1 revenue jumps 21% sequentially to $424M; net income $29M","bullets":["Net income $29M ($0.25/diluted share) vs $13M ($0.12) prior quarter; revenue $424M (+21% QoQ).","Adjusted EBITDA $119M (28% of revenue), up 42% sequentially; margin expanded >400 bps.","Effective frac fleet utilization 15.5 fleets; seven Tier IV DGB dual-fuel fleets operating, four electric fleets coming in 2023.","Net operating cash flow $73M; free cash flow negative $41M due to capex on electric fleet builds.","Plan to scrap ~140,000 HHP of Tier II diesel equipment; transitioning to lower-emission fleets."],"urls":{"canonical":"https://secwatch.observer/filing/0001680247-23-000031","json":"https://secwatch.observer/filing/0001680247-23-000031.json","markdown":"https://secwatch.observer/filing/0001680247-23-000031.md","text":"https://secwatch.observer/filing/0001680247-23-000031.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1680247/000168024723000031/0001680247-23-000031-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1680247/000168024723000031/pump-20230503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T01:12:35.005840+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f9615da0ae6069450ed559f4b38143434f707f6e","claim":"ProPetro Holding Corp. reported first quarter of 2023 results: revenue $424 million, net income $29 million, or $0.25 per diluted share, EPS $0.25 per diluted share.","evidence_excerpt":"ProPetro Reports Financial Results for the First Quarter of 2023 MIDLAND, Texas, May 3, 2023 , (Business Wire) – ProPetro Holding Corp. (\"ProPetro\" or \"the Company\") (NYSE: PUMP) today announced financial and operational results for the first quarter of 2023. First Quarter 2023 Results and Recent Highlights • Total revenue increased 21% sequentially to $424 million compared to the prior quarter. • Net income was $29 million, or $0.25 pe r diluted share, compared to net income of $13 million, or $0.12 per diluted share, in the prior quarter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1680247/000168024723000031/0001680247-23-000031-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2023"},{"label":"Revenue","value":"$424 million"},{"label":"Net income","value":"$29 million, or $0.25 per diluted share"},{"label":"EPS","value":"$0.25 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}