ProPetro Holding Corp. reports news about its completion-services business and the expansion of its PROPWR power generation division. The company provides premium completion services to upstream oil and gas operators developing North American unconventional resources, with a history of hydraulic fracturing activity centered on the Permian Basin.
Recurring updates include quarterly operating results, fleet utilization, FORCE electric fleet execution, gas-to-power solutions for oil and gas, data center and industrial customers, equipment purchases, lease and debt financing, convertible note activity, and supplier or customer agreements supporting power generation capacity.
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ProPetro Holding Corp. (NYSE: PUMP) announced its earnings release for the first quarter of 2023, scheduled for May 3, 2023, before market opening. The company will conduct a conference call on the same day at 8:00 AM Central Time to discuss its results. Interested parties can access the call by dialing 1-844-340-9046 for U.S. callers or 1-412-858-5205 for international callers. A replay will be available for one week post-call. ProPetro operates in the oilfield services sector, primarily offering pressure pumping services to oil and gas companies in North America.
For additional details, visit www.propetroservices.com.
ProPetro Holding Corp. (NYSE: PUMP) reported a 46% revenue increase to $1.3 billion for the full year 2022, with net income rising to $2 million, contrasting a $54 million loss in 2021. Adjusted EBITDA soared by 134% to $317 million, with margins improving from 15% to 25%. In Q4 2022, revenues rose 5% to $349 million, while net income reached $13 million ($0.12 per diluted share). However, Q4 Adjusted EBITDA declined 7% to $84 million, impacted by fleet repositioning and seasonal factors. ProPetro acquired Silvertip Completion Services and expects 2023 capital expenditures between $250 million and $300 million while aiming for robust service demand.
ProPetro Holding Corp. (NYSE: PUMP) has appointed Mary P. Ricciardello to its Board of Directors effective January 20, 2023. With over 30 years in finance and accounting roles within the energy sector, Ricciardello brings extensive public company board experience. Her roles include serving on the audit and governance committees at Eagle Materials Inc., and she has previously held director positions at Devon Energy and several others. Chairman Phillip Gobe expressed confidence that Ricciardello's expertise will support the company's growth and strategic objectives, enhancing value for shareholders.
ProPetro Holding Corp. (NYSE: PUMP) will release its fourth quarter earnings on February 21, 2023, after trading hours. A conference call to discuss these results is scheduled for February 22, 2023, at 8:00 AM Central Time. U.S. callers can access the call by dialing 1-844-340-9046, and international callers can use 1-412-858-5205. A replay will be available for a week post-call. ProPetro focuses on providing oilfield services in Midland, Texas, aimed at upstream oil and gas exploration and production.