secwatch.observer — SEC 8-K summary
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Issuer:     ProPetro Holding Corp. (PUMP)
CIK:        0001680247
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001680247-23-000051
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680247/000168024723000051/0001680247-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680247/000168024723000051/pump-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001680247-23-000051

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