---
schema_version: "secwatch.filing_event.v1"
accession: "0001680247-24-000072"
form_type: "8-K"
ticker: "PUMP"
cik: "0001680247"
company_name: "ProPetro Holding Corp."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:01:09.295205+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ProPetro Q1 revenue $406M (+17% QoQ), net income $20M; ExxonMobil electric frac contract

## Summary
- Total revenue $406M, up 17% sequentially; net income $20M ($0.18 EPS) vs prior Q net loss $17M.
- Adjusted EBITDA $93M (23% of rev), up 45% QoQ; capex $40M; free cash flow $41M.
- Awarded multi-year ExxonMobil contract for two FORCESM electric frac fleets, option for third, plus wireline/pumpdown.
- Share repurchase program increased by $100M to $200M, extended to May 2025; repurchased 3.0M shares in Q1.
- Effective frac fleet utilization improved to 15.0 fleets from 12.9 in prior quarter.

## SEC filing metadata
- accession: 0001680247-24-000072
- form_type: 8-K
- ticker: PUMP
- cik: 0001680247
- company_name: ProPetro Holding Corp.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1680247/000168024724000072/0001680247-24-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1680247/000168024724000072/pump-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001680247-24-000072
- JSON: https://secwatch.observer/filing/0001680247-24-000072.json
- Plain text: https://secwatch.observer/filing/0001680247-24-000072.txt

## Key facts
- Earnings Releases
  ProPetro Holding Corp. reported first quarter of 2024 results: revenue $406 million, net income $20 million ($0.18 income per diluted share), EPS $0.18 per diluted share.
  - Period: first quarter of 2024
  - Revenue: $406 million
  - Net income: $20 million ($0.18 income per diluted share)
  - EPS: $0.18 per diluted share
  - Result: reported results
  source text: ProPetro Holding Corp. ("ProPetro" or "the Company") (NYSE: PUMP) today announced financial and operational results for the first quarter of 2024. First Quarter 2024 Results and Highlights • Total revenue of $406 million increased 17% compared to the prior quarter. • Net Income was $20 million ($0.18 income per diluted share) as compared to a net loss of $17 million in the prior quarter ($0.16 loss per diluted share).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680247/000168024724000072/0001680247-24-000072-index.htm

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