secwatch.observer — SEC 8-K summary
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Issuer:     ProPetro Holding Corp. (PUMP)
CIK:        0001680247
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001680247-24-000099
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProPetro Q2 revenue down 12% to $357M; net loss of $4M vs prior quarter net income of $20M
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- Revenue $357M (-12% QoQ); net loss $4M ($0.03 loss per share) vs net income $20M ($0.18) prior quarter.
- Adjusted EBITDA $66M (19% of revenue), down 29% sequentially; free cash flow $48M.
- Repurchased 2.5M shares in Q2; cumulative 11.3M shares (~10% outstanding) since May 2023 plan inception.
- Acquired Aqua Prop LLC for wet sand solutions; ordered fifth FORCE electric fleet for 2024 deployment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680247/000168024724000099/0001680247-24-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680247/000168024724000099/pump-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001680247-24-000099

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