---
schema_version: "secwatch.filing_event.v1"
accession: "0001680247-24-000034"
form_type: "8-K"
ticker: "PUMP"
cik: "0001680247"
company_name: "ProPetro Holding Corp."
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:10:26.211981+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ProPetro reports FY2023 revenue up 27% to $1.6B, but Q4 net loss of $17M

## Summary
- Full-year 2023 revenue $1.6B, net income $86M (vs $2M in 2022), adjusted EBITDA $404M (+28% YoY).
- Q4 revenue $348M (down 18% QoQ); net loss $17M ($0.16/sh) vs Q3 net income $35M ($0.31/sh).
- Repurchased 1.6M shares in Q4; 5.8M total (~5% of shares) retired since May 2023.
- Deployed second FORCE electric fleet under contract; two more expected H1 2024; ~65% of frac capacity from electric/DGB fleets.
- Acquired Par Five Energy Services for cementing in Delaware Basin during Q4.

## SEC filing metadata
- accession: 0001680247-24-000034
- form_type: 8-K
- ticker: PUMP
- cik: 0001680247
- company_name: ProPetro Holding Corp.
- filed_at: 2024-02-21T23:59:59+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/1680247/000168024724000034/0001680247-24-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1680247/000168024724000034/pump-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001680247-24-000034
- JSON: https://secwatch.observer/filing/0001680247-24-000034.json
- Plain text: https://secwatch.observer/filing/0001680247-24-000034.txt

## Key facts
- Earnings Releases
  ProPetro Holding Corp. reported fourth quarter and full year of 2023 results: revenue $348 million, net income $86 million.
  - Period: fourth quarter and full year of 2023
  - Revenue: $348 million
  - Net income: $86 million
  - Result: reported results
  source text: in 2024. • Completed another accretive acquisition to expand our cementing services into the Delaware Basin. Fourth Quarter 2023 Results and Highlights • Revenue was $348 million compared to $424 million for the prior quarter. • Net loss of $17 million, or $0.16 per diluted share, compared to net income of $35 million, or $0.31 per diluted share, for the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680247/000168024724000034/0001680247-24-000034-index.htm

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