secwatch.observer — SEC 8-K summary
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Issuer:     ProPetro Holding Corp. (PUMP)
CIK:        0001680247
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001680247-24-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680247/000168024724000034/0001680247-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680247/000168024724000034/pump-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001680247-24-000034

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