---
schema_version: "secwatch.filing_event.v1"
accession: "0001680247-23-000051"
form_type: "8-K"
ticker: "PUMP"
cik: "0001680247"
company_name: "ProPetro Holding Corp."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T13:56:59.790200+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ProPetro Q2 2023 revenue $435M (+3% seq), net income $39M, repurchased 2.3M shares

## Summary
- Net income of $39M ($0.34 diluted), highest quarterly net income in over four years.
- Revenue $435M, up 3% sequentially; adjusted EBITDA $113M (26% of revenue), down 5% sequentially.
- Free cash flow ~$6M; effective frac fleet utilization increased to 15.9 fleets from 15.5.
- Repurchased 2.3M shares (2% of outstanding) for $17.5M at a 27% discount to July 31 closing price.

## SEC filing metadata
- accession: 0001680247-23-000051
- form_type: 8-K
- ticker: PUMP
- cik: 0001680247
- company_name: ProPetro Holding Corp.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1680247/000168024723000051/0001680247-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1680247/000168024723000051/pump-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001680247-23-000051
- JSON: https://secwatch.observer/filing/0001680247-23-000051.json
- Plain text: https://secwatch.observer/filing/0001680247-23-000051.txt

## Key facts
- Earnings Releases
  ProPetro Holding Corp. reported the second quarter of 2023 results: revenue $435 million, net income $39 million, or $0.34 per diluted share, EPS $0.34 per diluted share.
  - Period: the second quarter of 2023
  - Revenue: $435 million
  - Net income: $39 million, or $0.34 per diluted share
  - EPS: $0.34 per diluted share
  - Result: reported results
  source text: ProPetro Reports Financial Results for the Second Quarter of 2023 MIDLAND, Texas, August 2, 2023, (Business Wire) – ProPetro Holding Corp. ("ProPetro" or "the Company") (NYSE: PUMP) today announced financial and operational results for the second quarter of 2023. Second Quarter 2023 Results and Highlights • Total revenue increased 3% sequentially to $435 million compared to the prior quarter. • Highest quarterly net income in over four years of $39 million, or $0.34 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680247/000168024723000051/0001680247-23-000051-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.