ProPetro Files 8-K on Financial Condition and Operations
Ticker: PUMP · Form: 8-K · Filed: Feb 21, 2024 · CIK: 1680247
| Field | Detail |
|---|---|
| Company | Propetro Holding CORP. (PUMP) |
| Form Type | 8-K |
| Filed Date | Feb 21, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-condition, results-of-operations, 8-K
TL;DR
**ProPetro just dropped an 8-K on its financials, so keep an eye out for details on their performance!**
AI Summary
ProPetro Holding Corp. filed an 8-K on February 21, 2024, reporting on Results of Operations and Financial Condition, as well as Financial Statements and Exhibits. The filing indicates that the company, based in Midland, Texas, operates in the oil and gas field services sector. This current report was filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Why It Matters
This filing provides an update on ProPetro Holding Corp.'s financial health and operational performance, which is crucial for investors to assess the company's stability and future prospects in the oil and gas services industry.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results and does not indicate any immediate or unusual risks.
Key Players & Entities
- ProPetro Holding Corp. (company) — Registrant
- February 21, 2024 (date) — Date of earliest event reported and filing date
- Midland, Texas (location) — Principal executive offices
- 001-38035 (other) — Commission File Number
- Delaware (location) — State of Incorporation
FAQ
What was the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing was February 21, 2024.
What items were reported in this 8-K filing by ProPetro Holding Corp.?
The 8-K filing reported on "Results of Operations and Financial Condition" and "Financial Statements and Exhibits."
What is the Commission File Number for ProPetro Holding Corp.?
The Commission File Number for ProPetro Holding Corp. is 001-38035.
Where are ProPetro Holding Corp.'s principal executive offices located?
ProPetro Holding Corp.'s principal executive offices are located at 303 W. Wall Street, Suite 102, Midland, Texas 79701.
Under which sections of the Securities Exchange Act of 1934 was this report filed?
This report was filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 627 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2024-02-21 16:52:34
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share PUMP New York Stock Exchange
Filing Documents
- pump-20240221.htm (8-K) — 30KB
- earningsreleasefourthqua.htm (EX-99.1) — 34KB
- a4q23investorpresentatio.htm (EX-99.2) — 39KB
- a4q23earningscallscript.htm (EX-99.3) — 23KB
- a4q23earningscallscript001.jpg (GRAPHIC) — 264KB
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- a4q23investorpresentatio001.jpg (GRAPHIC) — 103KB
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- a4q23investorpresentatio021.jpg (GRAPHIC) — 105KB
- a4q23investorpresentatio022.jpg (GRAPHIC) — 142KB
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- a4q23investorpresentatio027.jpg (GRAPHIC) — 95KB
- a4q23investorpresentatio028.jpg (GRAPHIC) — 199KB
- earningsreleasefourthqua001.jpg (GRAPHIC) — 231KB
- earningsreleasefourthqua002.jpg (GRAPHIC) — 256KB
- earningsreleasefourthqua003.jpg (GRAPHIC) — 247KB
- earningsreleasefourthqua004.jpg (GRAPHIC) — 257KB
- earningsreleasefourthqua005.jpg (GRAPHIC) — 203KB
- earningsreleasefourthqua006.jpg (GRAPHIC) — 175KB
- earningsreleasefourthqua007.jpg (GRAPHIC) — 176KB
- earningsreleasefourthqua008.jpg (GRAPHIC) — 277KB
- earningsreleasefourthqua009.jpg (GRAPHIC) — 254KB
- earningsreleasefourthqua010.jpg (GRAPHIC) — 145KB
- 0001680247-24-000034.txt ( ) — 11218KB
- pump-20240221.xsd (EX-101.SCH) — 2KB
- pump-20240221_lab.xml (EX-101.LAB) — 24KB
- pump-20240221_pre.xml (EX-101.PRE) — 12KB
- pump-20240221_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On February 21, 2024, ProPetro Holding Corp. (the "Company") issued a press release announcing its results for the quarter and the full year ended December 31, 2023. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K. On February 21, 2024, the Company posted an investor presentation to its website pertaining to the financial and operational results for the quarter and the full year ended December 31, 2023 and the commentary discussing financial and operating results for the fourth quarter and full year 2023. The presentation and the commentary are posted on the Company's website at ir.propetroservices.com/company-information/presentations and attached hereto as Exhibit 99.2 and Exhibit 99.3, respectively. The information furnished with this report, including Exhibit 99.1, Exhibit 99.2 and Exhibit 99.3, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibit 99.1 Press release announcing fourth quarter and full year 2023 results, dated February 21,2024. 99.2 Investor presentation, dated February 21, 202 4 . 99.3 Commentary discussing financial and operating results for the fourth quarter and full year of 202 3 . 104 Cover Page Interactive Data File. The cover page XBRL tags are embedded within the inline XBRL document (contained in Exhibit 101). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 21, 2024 PROPETRO HOLDING CORP. /s/ David S. Schorlemer David S. Schorlemer Chief Financial Officer