Highest-materiality recent filing
Director Alex Volkov resigns from ProPetro board after Pioneer (Exxon) sells all shares
Alex V. Volkov resigned from the Board on May 28, 2026; Board reduced from 8 to 7 directors.
Stockholders approve amended 2020 LTIP, increasing shares reserved to 14.06M
Plan shares increased by 3.54M from 10.52M to 14.06M; term extended to 10th anniversary of May 19, 2026 meeting.
ProPetro issues $690M zero-coupon convertible notes due 2031, expands credit facility
Issued $690M 0.00% convertible senior notes due 2031, including full exercise of $90M greenshoe.
ProPetro proposes $500M convertible notes due 2031; amends ABL credit facility to $350M
Proposes $500M convertible senior notes due Nov 2031; initial purchasers may buy additional $75M.
ProPetro reports Q1 loss, signs $1.1B Caterpillar deal for 2.1 GW power capacity
Q1 revenue $271M, down 7% QoQ; net loss $4M ($0.03 loss per share) vs prior quarter net income $1M.
ProPetro Q4 net income $1M, adj EBITDA $51M; PROPWR secures $350M lease facility
Full year 2025 revenue $1.3B, net income $1M ($0.01 diluted EPS), adjusted EBITDA $208M.
ProPetro increases equipment financing facility by $53.55M to $157.25M with Caterpillar Financial
Added Loan Tranche B of $53.55M under existing Master Loan and Security Agreement with Caterpillar Financial Services Corporation.
Offering of 15M shares at $10.00 per share, upsized from 12.5M shares originally proposed.
ProPetro announces public offering of 12.5M shares and preliminary Q4/FY2025 results
Offering 12.5M shares of common stock; proceeds for growth capital for power generation equipment. Underwriters have 30-day option for additional 1.875M shares.
ProPetro enters $350M power generator lease with Stonebriar; ups credit facility basket to $425M
Amendment No. 3 to credit agreement increases capital lease/purchase money debt basket to $425M.
ProPetro's PROPWR secures Coterra microgrid contract, orders 190 MW, raises 2026 capex guidance
Contract with Coterra subsidiary for distributed microgrids in New Mexico Permian; deployment starts Q1 2026.
Total revenue $294M, down 10% QoQ; net loss $2M vs $7M loss prior quarter.
ProPetro subsidiary PROPWR signs 60 MW power contract with hyperscaler data center operator
PROPWR signs long-term contract to supply 60 MW of power to a leading hyperscaler data center operator in the Midwest.
ProPetro Q2 2025 revenue $326M (down 9% QoQ); net loss $7M vs prior quarter net income $10M
Revenue of $326M, down 9% sequentially from $359M in Q1 2025.
ProPetro appoints Caleb Weatherl as CFO effective July 14, 2025
Caleb Weatherl named CFO, succeeding Celina Davila who remains Chief Accounting Officer.
ProPetro shareholders approve amended LTIP, increasing share reserve by 2.47M
Stockholders approved Second Amended & Restated 2020 LTIP at May 20 annual meeting.
ProPetro's PROPWR secures 10-year, 80 MW power contract with Permian E&P operator
PROPWR commits 80 MW of power generation capacity under its inaugural contract.
ProPetro Q1 revenue $359M, net income $10M vs prior loss; PROPWR capacity expansion to 220 MW
Revenue $359M (+12% QoQ); net income $10M ($0.09 EPS) vs net loss $17M ($0.17 loss) prior quarter.
ProPetro enters $103.7M loan agreement with Caterpillar Financial to fund turbine generators
Loan facility up to $103.7M from Caterpillar Financial Services; 85% of purchase price for mobile gas turbine generator sets.
CFO David Schorlemer departs; CAO Celina Davila named interim principal financial officer
David Schorlemer's departure as CFO effective March 3, 2025; he receives Tier 2 severance per existing plan.
ProPetro reports FY 2024 net loss of $138M; revenue down 11% YoY to $1.4B
Net loss of $138M ($1.31 diluted EPS) vs net income of $86M ($0.76) in 2023.
ProPetro signs term contract for 4th FORCE electric frac fleet with Permian operator
Contract for electric hydraulic fracturing services with a large independent Permian-focused operator.
ProPetro launches ProPWR mobile power gen biz; orders $122M of equipment
New subsidiary ProPWR ordered over 110 MW of natural gas-fueled mobile power generation equipment.
ProPetro Q3 net loss $137M on $189M impairment; adj. EBITDA $71M
Total revenue $361M (+1% QoQ); net loss $137M ($1.32/diluted share) includes $189M noncash impairment on Tier II diesel pumping units.
ProPetro Q2 revenue down 12% to $357M; net loss of $4M vs prior quarter net income of $20M
Revenue $357M (-12% QoQ); net loss $4M ($0.03 loss per share) vs net income $20M ($0.18) prior quarter.
ProPetro acquires Aqua Prop for $35.6M cash to expand wet sand services in Permian
All-cash acquisition of Aqua Prop LLC valued at $35.6M net of working capital.
Alex Volkov appointed to ProPetro board as ExxonMobil designee; board size increased to 10
Alex Volkov, a vice president of ExxonMobil and transition executive for Pioneer integration, appointed to board.
ProPetro Q1 revenue $406M (+17% QoQ), net income $20M; ExxonMobil electric frac contract
Total revenue $406M, up 17% sequentially; net income $20M ($0.18 EPS) vs prior Q net loss $17M.
ProPetro signs 3-year electric fracking services deal with ExxonMobil in Permian
Three-year agreement to provide FORCESM electric hydraulic fracturing services to ExxonMobil in Permian Basin.
ProPetro stockholders elect all nine director nominees at 2024 Annual Meeting
All nine director nominees elected: Sledge (94.4M for), Gobe (89.8M), Armour III (87.0M), Berg (90.1M), Best (94.6M), Vion (92.0M), Ricciardello (92.8M), Lawrence (94.8M), Moore (83.5M).
ProPetro boosts share repurchase program by $100M to $200M, extends to May 2025
Board approved additional $100M authorization, raising total to $200M; program extended to May 31, 2025.
ProPetro reports FY2023 revenue up 27% to $1.6B, but Q4 net loss of $17M
Full-year 2023 revenue $1.6B, net income $86M (vs $2M in 2022), adjusted EBITDA $404M (+28% YoY).
ProPetro acquires Par Five Energy Services; expects $10M EBITDA boost in 2024
Acquired assets and operations of Par Five Energy Services, a Delaware Basin cementing provider.
ProPetro acquires Par Five Energy cementing assets; expects $10M 2024 EBITDA boost
Acquisition of Par Five's cementing business in the Delaware Basin complements existing Midland Basin operations.
ProPetro appoints Shelby Fietz as CCO, Celina Davila as CAO effective Nov 26, 2023
Shelby Fietz promoted to Chief Commercial Officer; previously VP of Commercial, with over a decade at ProPetro.
ProPetro Q3 2023 net income $35M, repurchases 1.9M shares
Revenue of $424M; net income $35M ($0.31 diluted EPS) for 5th consecutive quarter of profit.
ProPetro CAO Elo Omavuezi resigns; CFO Schorlemer adds principal accounting officer
Elo Omavuezi resigned as Chief Accounting Officer effective September 5, 2023.
ProPetro Q2 2023 revenue $435M (+3% seq), net income $39M, repurchased 2.3M shares
Net income of $39M ($0.34 diluted), highest quarterly net income in over four years.
ProPetro CEO to present at J.P. Morgan Energy Conference on June 22
CEO Sam Sledge presenting at J.P. Morgan Energy, Power & Renewables Conference on June 22, 2023 at 2:20 p.m. EDT.
ProPetro expands ABL credit facility to $225M, extends maturity to 2028
Revolver increased from $150M to $225M; maturity extended to June 2028.
ProPetro announces $100M share repurchase program (~13% of market cap)
Board approved $100M buyback through May 31, 2024; funded by cash and free cash flow.
ProPetro Q1 revenue jumps 21% sequentially to $424M; net income $29M
Net income $29M ($0.25/diluted share) vs $13M ($0.12) prior quarter; revenue $424M (+21% QoQ).
ProPetro reports fire destroying 9 frac units; self-insured up to $10M
Accidental fire on one hydraulic fracturing fleet severely damaged or destroyed nine Tier II diesel units and related equipment.
ProPetro dismisses Deloitte as auditor, appoints RSM US LLP
Dismissed Deloitte & Touche on Feb 24, 2023; no disagreements or reportable events in prior two fiscal years.
ProPetro Q4 revenue $349M, net income $13M; FY22 revenue $1.3B (+46% YoY)
Full year 2022 revenue $1.3B (+46% YoY); net income $2M vs net loss $54M in 2021.
ProPetro terminates hydraulic fracturing fleet contract with Pioneer; fleet to be redeployed
Pioneer released ProPetro's dedicated fracturing fleet under the Pressure Pumping Services Agreement effective May 12, 2023.
ProPetro appoints Mary Ricciardello to Board of Directors
Mary P. Ricciardello appointed to ProPetro Board effective January 20, 2023.
Wilson resigned as General Counsel and Corporate Secretary effective Dec 31, 2022; separation agreement filed.
ProPetro appoints Jody Mitchell as General Counsel, effective Jan 1, 2023
Trey Wilson resigns as General Counsel and Corporate Secretary, effective Dec 31, 2022; will retire.
ProPetro signs multi-year contract for first electric frac fleet; orders two additional e-fleets
Signed multi-year contract with leading independent Permian operator for first electric frac fleet; three-year term starting after delivery in Q3 2023.
On May 28, 2026, ProPetro Holding Corp. (the “Company”) announced the resignation of Alex V. Volkov from the Company’s Board of Directors (the “Board”).
Effective as of the Separation Date, Celina A. Davila, currently the Chief Accounting Officer and principal accounting officer of the Company, will additionally assume the role of principal financial officer of the Company on an interim basis until a new Chief Financial Officer is appointed.
On March 4, 2025, ProPetro Holding Corp. (the “Company”) announced the departure of David S. Schorlemer from his role as Chief Financial Officer of the Company, effective March 3 , 2025
On May 9, 2024, the board of directors (the “Board”) of ProPetro Holding Corp. (the “Company”) increased the size of the Board from nine to ten directors, and, pursuant to the Investor Rights Agreement (the “Investor Rights Agreement”), dated as of December 31, 2018, by and between the Company and Pioneer Natural Resources Pumping Services LLC, a Delaware limited liability company (“Pioneer”), appointed Alex V. Volkov as a director.
On November 26, 2023, Celina A. Davila was appointed as Chief Accounting Officer of ProPetro Holding Corp. (the “Company”), effective immediately.
On August 22, 2023, Elo Omavuezi resigned as Chief Accounting Officer of ProPetro Holding Corp. (the “Company”) effective as of September 5, 2023 (the "Separation Date").
David S. Schorlemer, currently the Chief Financial Officer and principal financial officer of the Company, will also assume the role of principal accounting officer of the Company, effective as of the Separation Date.
On January 20, 2023, the board of directors (the “Board”) of ProPetro Holding Corp. (the “Company”) appointed Mary P. Ricciardello as a director and as a member of the Nominating and Coprorate Governance Committee and the Audit Committee of the Board in connection with an increase in Board size.
John J. “Jody” Mitchell was appointed as General Counsel and Corporate Secretary of the Company, effective as of January 1, 2023.
Newton W. (“Trey”) Wilson III resigned from his position as General Counsel and Corporate Secretary of the Company, effective December 31, 2022 (the “Separation Date”).
On December 15, 2022, John J. (“Jody”) Mitchell, currently the Vice President and Deputy General Counsel of the Company, was appointed as General Counsel and Corporate Secretary of the Company, effective as of January 1, 2023.
On December 15, 2022, Newton W. (“Trey”) Wilson III resigned as General Counsel and Corporate Secretary of ProPetro Holding Corp. (the “Company”), effective as of December 31, 2022.
Max materiality 0.85 · Median 0.65 · Most common event other_material