secwatch.observer — SEC 8-K summary
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Issuer:     ProPetro Holding Corp. (PUMP)
CIK:        0001680247
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001680247-24-000113
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680247/000168024724000113/0001680247-24-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680247/000168024724000113/pump-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001680247-24-000113

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