ProPetro Holding Corp. Files 8-K

TL;DR

ProPetro Holding Corp. filed an 8-K on Dec 10, 2024, covering Reg FD, other events, and financials.

AI Summary

ProPetro Holding Corp. filed an 8-K on December 10, 2024, to report on various events. The filing includes information related to Regulation FD disclosures, other events, and financial statements and exhibits. The company is incorporated in Delaware and headquartered in Midland, Texas.

Why It Matters

This 8-K filing provides updates on ProPetro Holding Corp.'s corporate activities, including regulatory disclosures and financial information, which are important for investors to monitor.

Risk Assessment

Risk Level: low — This filing is a routine 8-K report and does not appear to contain significant negative news or events.

Key Players & Entities

• ProPetro Holding Corp. (company) — Registrant
• December 10, 2024 (date) — Date of report
• Midland, Texas (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share PUMP New York Stock Exchange
• $122 million — cost of such equipment is approximately $122 million and will be funded through a combinatio
• $20 million — cash investment of up to approximately $20 million is expected to be made in early-2025 wi

Filing Documents

• pump-20241210.htm (8-K) — 30KB
• a2024-12x10propwrannouncem.htm (EX-99.1) — 17KB
• propwra.jpg (GRAPHIC) — 692KB
• 0001680247-24-000126.txt ( ) — 1124KB
• pump-20241210.xsd (EX-101.SCH) — 2KB
• pump-20241210_lab.xml (EX-101.LAB) — 21KB
• pump-20241210_pre.xml (EX-101.PRE) — 12KB
• pump-20241210_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On December 10, 2024, ProPetro Holding Corp. (the "Company") issued a press release announcing its ProPWR SM power generation business. A copy of the press release is furnished as Exhibit 99.1 hereto. The information furnished with this report, including Exhibit 99.1, 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 Other Events

Item 8.01 Other Events. In connection with the announcement of its ProPWR SM mobile power generation business, ProPetro Energy Solutions, LLC ("PES"), an indirect wholly-owned subsidiary of the Company, placed a purchase order for the manufacture of approximately 110 megawatts of mobile natural gas-fueled power generation equipment. The aggregate cost of such equipment is approximately $122 million and will be funded through a combination of cash and debt financing. The cash investment of up to approximately $20 million is expected to be made in early-2025 with the remaining cost of the investment expected to be financed as progress payments become due and deliveries ultimately occur commencing in mid-2025. PES expects to deploy the units following delivery commencing in mid-2025 through early 2026. The purchase order and terms and conditions of sale also contain customary representations, warranties and agreements of the parties, indemnification obligations, and other customary terms and conditions.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibit 99.1 Press Release dated December 10, 2024. 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: December 10, 2024 PROPETRO HOLDING CORP. /s/ David S. Schorlemer David S. Schorlemer Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR