ProPetro Q3 net loss $137M on $189M impairment; adj. EBITDA $71M

ProPetro Holding Corp.

2024-Q3 EPS reported -$1.14 revenue$1,123,732,000

Total revenue $361M (+1% QoQ); net loss $137M ($1.32/diluted share) includes $189M noncash impairment on Tier II diesel pumping units.
Adjusted Net Income $13M; Adjusted EBITDA $71M (20% of revenue), up 8% QoQ.
Repurchased 1.3M shares in Q3; cumulative 12.6M shares (~11% of outstanding) since May 2023 plan inception.
Three FORCE electric frac fleets operating under contract; fourth expected by year-end 2024, fifth in early 2025.
Year-to-date net cash from operations $214M; Free Cash Flow $84M; adjusted FCF $105M.

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