Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. Independent Director Alex Volkov was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 17
ProPetro Holding Corp. to Report Q1, 2026 Results on Apr 29, 2026 ProPetro Holding Corp. announced that they will report Q1, 2026 results Pre-Market on Apr 29, 2026 Annonce • Apr 09
ProPetro Holding Corp., Annual General Meeting, May 19, 2026 ProPetro Holding Corp., Annual General Meeting, May 19, 2026. Location: 2518 fm 307, texas 79706, midland United States Annonce • Jan 17
ProPetro Holding Corp. to Report Q4, 2025 Results on Feb 18, 2026 ProPetro Holding Corp. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 18, 2026 Annonce • Oct 14
ProPetro Holding Corp. to Report Q3, 2025 Results on Oct 29, 2025 ProPetro Holding Corp. announced that they will report Q3, 2025 results Pre-Market on Oct 29, 2025 Annonce • Jul 15
ProPetro Holding Corp. Appoints Caleb Weatherl as Chief Financial Officer, Effective July 14, 2025 ProPetro Holding Corp. announced the appointment of Caleb Weatherl as Chief Financial Officer, effective July 14, 2025. Mr. Weatherl brings extensive experience in the energy and financial sectors, having previously served as CEO and Board Member at Garrison Energy, where he secured significant equity commitments for upstream oil and gas ventures. His career includes senior roles such as President and CFO at Stronghold Energy II, where he managed operational growth and challenges during the COVID-19 pandemic, leading to the company's successful sale in 2022. He also served as CFO at Desert Royalty Company, overseeing departmental transformations, and co-founded Stronghold Energy Partners, focusing on strategic acquisitions. Earlier, he gained experience at Weatherl Energy Investments, Bain Capital, and McKinsey & Company. Mr. Weatherl holds an A.B. in Economics, cum laude, from Harvard College and an M.B.A. from Harvard Business School as a Baker Scholar. Annonce • Jul 09
ProPetro Holding Corp. to Report Q2, 2025 Results on Jul 30, 2025 ProPetro Holding Corp. announced that they will report Q2, 2025 results Pre-Market on Jul 30, 2025 Annonce • Apr 10
ProPetro Holding Corp., Annual General Meeting, May 20, 2025 ProPetro Holding Corp., Annual General Meeting, May 20, 2025. Location: 2518 fm 307, texas 79706, midland United States Annonce • Apr 09
ProPetro Holding Corp. Announces Retirement of Jack Moore as Director ProPetro Holding Corp. announced that Jack Moore was not nominated for re-election and accordingly, will retire from the Board effective as of the conclusion of the Annual Meeting. Company intend to decrease the size of the Board from ten to nine directors following Mr. Moore’s retirement at the end of the Annual Meeting. Annonce • Apr 04
ProPetro Holding Corp. to Report Q1, 2025 Results on Apr 29, 2025 ProPetro Holding Corp. announced that they will report Q1, 2025 results Pre-Market on Apr 29, 2025 Annonce • Mar 04
ProPetro Holding Corp. Announces Chief Financial Officer Changes ProPetro Holding Corp. announced the departure of David Schorlemer, its Chief Financial Officer, effective March 3, 2025 . 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, effective as of the Separation Date. Annonce • Jan 18
ProPetro Holding Corp. to Report Q4, 2024 Results on Feb 19, 2025 ProPetro Holding Corp. announced that they will report Q4, 2024 results Pre-Market on Feb 19, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: US$1.32 loss per share (vs US$0.31 profit in 3Q 2023) Third quarter 2024 results: US$1.32 loss per share (down from US$0.31 profit in 3Q 2023). Revenue: US$360.9m (down 15% from 3Q 2023). Net loss: US$137.1m (down 494% from profit in 3Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annonce • Oct 04
ProPetro Holding Corp. to Report Q3, 2024 Results on Oct 30, 2024 ProPetro Holding Corp. announced that they will report Q3, 2024 results Pre-Market on Oct 30, 2024 New Risk • Sep 04
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €103k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin). Significant insider selling over the past 3 months (€103k sold). New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin). Reported Earnings • Aug 01
Second quarter 2024 earnings released: US$0.034 loss per share (vs US$0.34 profit in 2Q 2023) Second quarter 2024 results: US$0.034 loss per share (down from US$0.34 profit in 2Q 2023). Revenue: US$357.0m (down 18% from 2Q 2023). Net loss: US$3.66m (down 109% from profit in 2Q 2023). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Aug 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.2% Last year net profit margin: 5.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin). Significant insider selling over the past 3 months (€433k sold). Annonce • Jul 12
ProPetro Holding Corp. to Report Q2, 2024 Results on Jul 31, 2024 ProPetro Holding Corp. announced that they will report Q2, 2024 results Pre-Market on Jul 31, 2024 Annonce • Jun 05
ProPetro Holding Corp. (NYSE:PUMP) acquired Aqua Prop LLC in a transaction valued at $35.6 million. ProPetro Holding Corp. (NYSE:PUMP) acquired Aqua Prop LLC in a transaction valued at $35.6 million on June 3, 2024. As part of the transaction, ProPetro will own and provide onsite sand storage and handling, while also leveraging strategic agreements for both logistics and preferred access to wet sand supply. PPHB acted as a financial advisor to ProPetro, and Vinson & Elkins LLP acted as a legal counsel to ProPetro. Locke Lord LLP acted as a legal advisor to Aqua Prop. ProPetro Holding Corp. (NYSE:PUMP) completed the acquisition of Aqua Prop LLC on June 3, 2024. Annonce • May 14
ProPetro Holding Corp. Appoints Alex Volkov to Board of Directors ProPetro Holding Corp. announced that, effective May 8, 2024, Alex Volkov has been appointed to its Board of Directors (the “Board”) as ExxonMobil's designee 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”), and a wholly owned subsidiary of Exxon Mobil Corporation (“ExxonMobil”). Mr. Volkov is currently the Transition Executive responsible for planning the integration of Pioneer Natural Resources Company with ExxonMobil's Unconventional business. Additionally, Mark Berg, who has served as a director on the Board since February 2019 and was previously appointed as Pioneer's designee, will remain on the Board as an independent director. AlexVolkov is a seasoned executive with almost three decades of experience in various roles within ExxonMobil. Beginning his journey with the company in 1997, Mr. Volkov has navigated through diverse assignments spanning marketing, business development, supply chain logistics, and strategy development. His international experience includes serving as Vice President of Exxon Neftegas Limited in Moscow, overseeing commercial activities in Russia, and later moving to the United Kingdom to lead international natural gas marketing and trading efforts. In 2019, Mr. Volkov transitioned to Houston as Vice President, Global LNG Marketing, overseeing ExxonMobil’s LNG portfolio globally, a position he held until 2021. Between 2021 and 2023, he held positions as Vice President, Commercial & Power and then as Vice President, Strategy and Business Development, culminating in his current role as Transition Executive – Pioneer. Mr. Volkov is a graduate of The University of Nizhni Novgorod, Russia, and holds an MBA from The University of Alabama. Annonce • Apr 05
ProPetro Holding Corp. to Report Q1, 2024 Results on May 01, 2024 ProPetro Holding Corp. announced that they will report Q1, 2024 results Pre-Market on May 01, 2024 Annonce • Mar 22
ProPetro Holding Corp., Annual General Meeting, Apr 23, 2024 ProPetro Holding Corp., Annual General Meeting, Apr 23, 2024, at 10:00 Central Standard Time. Location: 2518 FM 307 Midland, Texas 79706 Texas United States Agenda: To consider election of nine director nominees to serve for a one-year term; to consider approval, on an advisory basis, of the compensation of named executive officers; to consider ratification of the appointment of RSM US LLP as independent, registered public accounting firm for the fiscal year ending December 31, 2024; and to consider other business issues. Annonce • Mar 03
ProPetro Holding Corp. announced delayed annual 10-K filing On 03/01/2024, ProPetro Holding Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: US$0.76 (vs US$0.019 in FY 2022) Full year 2023 results: EPS: US$0.76 (up from US$0.019 in FY 2022). Revenue: US$1.63b (up 27% from FY 2022). Net income: US$85.6m (up US$83.6m from FY 2022). Profit margin: 5.3% (up from 0.2% in FY 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annonce • Jan 12
ProPetro Holding Corp. to Report Q4, 2023 Results on Feb 21, 2024 ProPetro Holding Corp. announced that they will report Q4, 2023 results Pre-Market on Feb 21, 2024 New Risk • Jan 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€141k sold). Annonce • Nov 29
Propetro Holding Corp. Announces Executive Appointments ProPetro Holding Corp. announced that it has appointed Shelby Fietz as its Chief Commercial Officer (“CCO”) and Celina Davila as its Chief Accounting Officer (“CAO”), effective November 26, 2023. Mr. Fietz formerly served as the Company’s Vice President of Commercial, leading the business development, sales, supply chain and marketing functions. He served previously as Vice President of Business Development, Sales and Marketing, while also leading supply chain organization. Prior to that, Mr. Fietz held roles of increasing responsibility within ProPetro in both operations and business development dating back to 2012. Mr. Fietz also serves in a leadership capacity with the Permian Basin Chapter of the Energy Workforce and Technology Council. Prior to her appointment, Mrs. Ms. Davila, age 43, has served in various roles of increasing responsibility at the Company since January 2019. Prior to her appointment as Chief Accounting Officer, Ms. Davila served as the Company’s Director of Accounting and Corporate Controller since August 2022 and as Corporate Controller since October 2019. Ms. Davila joined the Company in January 2019 as Hydraulic Fracturing Controller. Prior to joining the Company, Ms. Davila served in various roles at Pioneer Natural Resources Company, a leading independent natural resources company, from 2012 to 2018, including Accounting Manager and, prior to that, Accounting Supervisor. Ms. Davila began her career as a Senior Auditor at Johnson, Miller, and Co. Ms. Davila is a Certified Public Accountant and holds a Bachelor of Arts in Accounting and a Master's in Business Administration from Texas Tech University. She started her career in public accounting as a Senior Auditor at Johnson, Miller & Co. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$0.31 (vs US$0.096 in 3Q 2022) Third quarter 2023 results: EPS: US$0.31 (up from US$0.096 in 3Q 2022). Revenue: US$423.8m (up 27% from 3Q 2022). Net income: US$34.8m (up 246% from 3Q 2022). Profit margin: 8.2% (up from 3.0% in 3Q 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Annonce • Sep 27
ProPetro Holding Corp. to Report Q3, 2023 Results on Nov 01, 2023 ProPetro Holding Corp. announced that they will report Q3, 2023 results Pre-Market on Nov 01, 2023 Annonce • Aug 29
ProPetro Holding Corp. Announces Executive Changes, Effective September 5, 2023 ProPetro Holding Corp. announced that On August 22, 2023, Elo Omavuezi resigned as Chief Accounting Officer of 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. Recent Insider Transactions • Aug 10
President & COO recently sold €198k worth of stock On the 8th of August, Adam Munoz sold around 21k shares on-market at roughly €9.22 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Adam's only on-market trade for the last 12 months. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$0.34 (vs US$0.32 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.34 (up from US$0.32 loss in 2Q 2022). Revenue: US$435.2m (up 38% from 2Q 2022). Net income: US$39.3m (up US$72.1m from 2Q 2022). Profit margin: 9.0% (up from net loss in 2Q 2022). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Annonce • Jun 30
ProPetro Holding Corp. to Report Q2, 2023 Results on Aug 02, 2023 ProPetro Holding Corp. announced that they will report Q2, 2023 results Pre-Market on Aug 02, 2023 Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €7.10, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Energy Services industry in Europe. Total returns to shareholders of 52% over the past three years. Annonce • May 19
ProPetro Holding Corp. (NYSE:PUMP) announces an Equity Buyback for $100 million worth of its shares. ProPetro Holding Corp. (NYSE:PUMP) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its common stock. The program will be valid till May 31, 2024. The program will be funded from cash on hand and expected free cash flow. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$0.25 (vs US$0.11 in 1Q 2022) First quarter 2023 results: EPS: US$0.25 (up from US$0.11 in 1Q 2022). Revenue: US$423.6m (up 50% from 1Q 2022). Net income: US$28.7m (up 143% from 1Q 2022). Profit margin: 6.8% (up from 4.2% in 1Q 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$0.019 (vs US$0.53 loss in FY 2021) Full year 2022 results: EPS: US$0.019 (up from US$0.53 loss in FY 2021). Revenue: US$1.28b (up 46% from FY 2021). Net income: US$2.03m (up US$56.2m from FY 2021). Profit margin: 0.2% (up from net loss in FY 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annonce • Jan 24
ProPetro Holding Corp. Appoints Mary P. Ricciardello to its Board of Directors On January 20, 2023, the board of directors of ProPetro Holding Corp. appointed Mary P. Ricciardello as a Director and as a Member of the Nominating and Corporate Governance Committee and the Audit Committee of the Board in connection with an increase in Board size. Ms. Ricciardello’s term as director will expire at the 2023 annual meeting of stockholders or until her successor is elected and qualified or her earlier death, resignation or removal. The Board determined that Ms. Ricciardello meets the independence requirements under the rules of the New York Stock Exchange and Rule 10A-3 of the Securities Exchange Act of 1934, as amended, that she is an “audit committee financial expert,” as defined in Item 407(d) of Regulation S-K, and that there are no transactions between the Company. Annonce • Jan 11
ProPetro Holding Corp. to Report Q4, 2022 Results on Feb 21, 2023 ProPetro Holding Corp. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 21, 2023 Annonce • Dec 21
ProPetro Holding Corp. Announces Executive Changes On December 15, 2022, Newton W. (Trey") Wilson III resigned as General Counsel and Corporate Secretary of ProPetro Holding Corp., effective as of December 31, 2022. 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. Following the effectiveness of Mr. Mitchell's appointment as General Counsel and Corporate Secretary he will become a participant in the ProPetro Services Inc. Second Amended and Restated Executive Severance Plan (the Severance Plan") as a Tier 2 Executive" (within the meaning of the Severance Plan). On December 15, 2022, Mr. Mitchell entered into a participation agreement under the Severance Plan reflecting his participation and Tier designation, which agreement will be effective January 1, 2023. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$0.096 (vs US$0.049 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.096 (up from US$0.049 loss in 3Q 2021). Revenue: US$333.0m (up 33% from 3Q 2021). Net income: US$10.0m (up US$15.1m from 3Q 2021). Profit margin: 3.0% (up from net loss in 3Q 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Annonce • Nov 03
ProPetro Holding Corp. (NYSE:PUMP) acquired Silvertip Completion Services Operating, LLC for approximately $150 million. ProPetro Holding Corp. (NYSE:PUMP) acquired Silvertip Completion Services Operating, LLC for approximately $150 million on November 1, 2022. The Company acquired Silvertip for consideration of 10.1 million shares of ProPetro common stock, $30 million of cash, the payoff of $7 million of assumed debt, and certain other transaction costs, subject to customary post-closing adjustments, which implies a value of $150 million based upon a 15-day VWAP of ProPetro’s stock price as of October 27, 2022. On a fully-diluted basis, Silvertip's former shareholders now own approximately 9% of ProPetro. Parks Paton Hoepfl & Brown acted as financial advisor to ProPetro Holding Corp. Alan Beck and Raleigh Wolfe of Vinson & Elkins LLP acted as legal advisor to ProPetro Holding Corp. Tudor, Pickering, Holt & Co., LLC acted as financial advisor to Silvertip Completion Services Operating, LLC. Bruce C. Herzog and Nick Dhesi of Latham & Watkins LLP acted as legal advisor to Silvertip Completion Services Operating, LLC.
ProPetro Holding Corp. (NYSE:PUMP) completed the acquisition of Silvertip Completion Services Operating, LLC on November 1, 2022. Annonce • Sep 30
ProPetro Holding Corp. to Report Q3, 2022 Results on Nov 01, 2022 ProPetro Holding Corp. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 01, 2022 Annonce • Sep 02
Step Energy Services (Usa) Ltd. acquired Ultra-Deep U.S. Coiled Tubing of ProPetro Holding Corp. (NYSE:PUMP) for $15.6 million. Step Energy Services (Usa) Ltd. acquired Ultra-Deep U.S. Coiled Tubing of ProPetro Holding Corp. (NYSE:PUMP) for $15.6 million on September 1, 2022. The Acquisition was funded by a combination of $2.77 million (USD) in cash and the issuance of 2,616,460 STEP common shares at a deemed price of $5.204 per share, calculated using the 30 day volume weighted average price of STEP common shares ending August 26, 2022. The shares issued pursuant to the Acquisition are subject to a resale restriction period of four months, applicable U.S. resale restrictions, as well as restrictions on the amount of shares that can be sold on a monthly basis thereafter. Based on current market dynamics STEP expects cash flow generated from the Acquisition to pay back the Company’s initial investment in 18 to 24 months. Bracewell LLP acted as legal advisor and Parks Paton Hoepfl & Brown acted as financial advisor to ProPetro Holding Corp.
Step Energy Services (Usa) Ltd. completed the acquisition of Ultra-Deep U.S. Coiled Tubing of ProPetro Holding Corp. (NYSE:PUMP) on September 1, 2022. Annonce • Aug 24
ProPetro Holding Corp. Enters into Binding Term Sheet to Fully Resolve Class Action Litigation ProPetro Holding Corp. (‘ProPetro’ or the ‘Company’) announced that it has entered into a binding term sheet (the ‘Term Sheet’) to fully resolve the previously disclosed putative class action litigation referred to by the Company as the Logan Lawsuit and captioned Nykredit Portefølje Administration A/S, et al. v. ProPetro Holding Corp. et al., Case No. MO:7:19-CV-00217-DC, which was filed in the United States District Court for the Western District of Texas (the ‘Logan Lawsuit’). The Term Sheet provides for a settlement payment of $30 million in exchange for the complete dismissal with prejudice of the Logan Lawsuit and a release of all claims against the defendants, without any admission of fault or wrongdoing by the defendants. The proposed settlement is subject to court approval and will be fully paid by the Company's directors’ and officers' insurance providers under its insurance policies. Reported Earnings • Aug 03
Second quarter 2022 earnings released: US$0.32 loss per share (vs US$0.083 loss in 2Q 2021) Second quarter 2022 results: US$0.32 loss per share (down from US$0.083 loss in 2Q 2021). Revenue: US$315.1m (up 45% from 2Q 2021). Net loss: US$32.9m (loss widened 286% from 2Q 2021). Over the next year, revenue is forecast to grow 26%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Annonce • Aug 03
ProPetro Holding Corp. Reports Impairment Charges for the Second Quarter Ended June 30, 2022 ProPetro Holding Corp. reported impairment charges for the second quarter ended June 30, 2022. For the quarter, the company reported impairment expense of $57,454,000. Annonce • Jul 01
ProPetro Holding Corp. to Report Q2, 2022 Results on Aug 02, 2022 ProPetro Holding Corp. announced that they will report Q2, 2022 results After-Market on Aug 02, 2022 Recent Insider Transactions • Jun 10
Non-Executive Chairman recently sold €519k worth of stock On the 7th of June, Phillip Gobe sold around 40k shares on-market at roughly €12.98 per share. In the last 3 months, there was an even bigger sale from another insider worth €579k. Phillip has been a seller over the last 12 months, reducing personal holdings by €990k. Recent Insider Transactions • May 17
Non-Executive Chairman recently sold €471k worth of stock On the 12th of May, Phillip Gobe sold around 40k shares on-market at roughly €11.77 per share. This was the largest sale by an insider in the last 3 months. This was Phillip's only on-market trade for the last 12 months. Reported Earnings • May 05
First quarter 2022 earnings released: EPS: US$0.11 (vs US$0.20 loss in 1Q 2021) First quarter 2022 results: EPS: US$0.11 (up from US$0.20 loss in 1Q 2021). Revenue: US$282.7m (up 75% from 1Q 2021). Net income: US$11.8m (up US$32.2m from 1Q 2021). Profit margin: 4.2% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to grow 33%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Annonce • Apr 02
ProPetro Holding Corp. to Report Q1, 2022 Results on May 03, 2022 ProPetro Holding Corp. announced that they will report Q1, 2022 results After-Market on May 03, 2022 Board Change • Mar 29
High number of new directors CEO & Director Sam Sledge was the last director to join the board, commencing their role in 2021. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$0.53 loss per share (up from US$1.06 loss in FY 2020). Revenue: US$874.5m (up 11% from FY 2020). Net loss: US$54.2m (loss narrowed 49% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 42%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Annonce • Feb 18
ProPetro Appoints Phillip Gobe as Non-Executive Chairman, Effective March 31, 2022 ProPetro Holding Corp. announced the planned transition of Phillip Gobe, the Company’s Executive Chairman, to non-executive Chairman of the Board effective March 31, 2022. Mr. Gobe has served on the ProPetro Board of Directors since July of 2019, first as Chairman, then in October of 2019 as Executive Chairman. Mr. Gobe was appointed as ProPetro's Chief Executive Officer on March 13, 2020, and served in that role until August 31, 2021, at which point he was re-appointed as Executive Chairman. He was responsible for leading ProPetro during a challenging period of the Company’s history including managing through the COVID-19 pandemic and resulting oil crisis, enhancing ProPetro’s governance, and the transition of a new executive leadership team. He will continue to serve the Company as non-executive Chairman. Annonce • Feb 16
ProPetro Holding Corp. to Report Q4, 2021 Results on Feb 22, 2022 ProPetro Holding Corp. announced that they will report Q4, 2021 results After-Market on Feb 22, 2022 Reported Earnings • Nov 04
Third quarter 2021 earnings released: US$0.049 loss per share (vs US$0.29 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$250.1m (up 87% from 3Q 2020). Net loss: US$5.07m (loss narrowed 83% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 05
Second quarter 2021 earnings released: US$0.083 loss per share (vs US$0.26 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$216.9m (up 104% from 2Q 2020). Net loss: US$8.51m (loss narrowed 67% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Annonce • Jun 28
ProPetro Holding Corp.(NYSE:PUMP) dropped from Russell 2000 Value-Defensive Index ProPetro Holding Corp.(NYSE:PUMP) dropped from Russell 2000 Value-Defensive Index Reported Earnings • May 07
First quarter 2021 earnings released: US$0.20 loss per share (vs US$0.078 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: US$161.5m (down 59% from 1Q 2020). Net loss: US$20.4m (loss widened 161% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Mar 18
Chief Strategy & Administrative Officer recently sold €107k worth of stock On the 16th of March, Samuel Sledge sold around 11k shares on-market at roughly €9.72 per share. In the last 3 months, there was an even bigger sale from another insider worth €208k. Insiders have been net sellers, collectively disposing of €322k more than they bought in the last 12 months. Recent Insider Transactions • Mar 02
Chief Operating Officer recently sold €208k worth of stock On the 26th of February, Adam Munoz sold around 22k shares on-market at roughly €9.45 per share. This was the largest sale by an insider in the last 3 months. This was Adam's only on-market trade for the last 12 months. Reported Earnings • Feb 25
Full year 2020 earnings released: US$1.06 loss per share (vs US$1.62 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$789.2m (down 62% from FY 2019). Net loss: US$107.0m (down 166% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue beats expectations Revenue exceeded analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 5.5% compared to a 5.0% decline forecast for the Energy Services industry in Germany. Is New 90 Day High Low • Feb 25
New 90-day high: €8.60 The company is up 55% from its price of €5.55 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.70 per share. Is New 90 Day High Low • Feb 06
New 90-day high: €7.25 The company is up 125% from its price of €3.22 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.31 per share. Annonce • Jan 21
ProPetro Holding Corp. to Report Q4, 2020 Results on Feb 23, 2021 ProPetro Holding Corp. announced that they will report Q4, 2020 results After-Market on Feb 23, 2021 Is New 90 Day High Low • Jan 07
New 90-day high: €6.95 The company is up 85% from its price of €3.76 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 40% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.29 per share. Annonce • Dec 30
ProPetro Holding Corp. Appoints G. Larry Lawrence to Board of Directors ProPetro Holding Corp. reported that it has appointed G. Larry Lawrence to its Board of Directors effective December 17. Lawrence is an oilfield business leader with experience across finance, accounting and operations. He brings an accounting background along with decades of experience in the energy industry. Lawrence previously served as Audit Committee Chair of Legacy Reserves, LLP's Board of Directors, a role he held from 2006 to 2019. Lawrence previously served as Chief Financial Officer of Natural Gas Services Group for nine years, as Chief Financial Officer for Lynx Operating Co. Inc. for three years and as Chief Financial Officer for Pure Resources Inc. for two years. He has also held finance and management consulting positions for Parson Group, ARCO and Crescent Consulting. Is New 90 Day High Low • Dec 11
New 90-day high: €5.70 The company is up 31% from its price of €4.36 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.09 per share. Is New 90 Day High Low • Nov 25
New 90-day high: €5.65 The company is up 11% from its price of €5.10 on 27 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.71 per share. Reported Earnings • Nov 05
Third quarter 2020 earnings released: US$0.29 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$133.7m (down 75% from 3Q 2019). Net loss: US$29.2m (down 185% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue misses expectations Revenue missed analyst estimates by 2.0%. Over the next year, revenue is forecast to decline by -25% while the growth in Energy Services industry in Germany is expected to stay flat. Annonce • Oct 28
ProPetro Holding Corp. to Report Q3, 2020 Results on Nov 02, 2020 ProPetro Holding Corp. announced that they will report Q3, 2020 results on Nov 02, 2020 Annonce • Oct 27
ProPetro Holding Corp. Announces Executive Changes On October 23, 2020, David S. Schorlemer, currently employed as an advisor to the company, was appointed as Chief Financial Officer of the ProPetro Holding Corp. In connection with that appointment, Schorlemer will assume the role of the company’s principal financial officer. Schorlemer has two decades of experience in senior level positions in public and private companies. He most recently served as Executive Vice President, Chief Financial Officer, Treasurer and Secretary of Basic Energy Services Inc. Schorlemer assumed all duties of CFO effective October 23, 2020. The company also announced planned departure of Darin Holderness, the company’s former CFO. Is New 90 Day High Low • Sep 24
New 90-day low: €3.64 The company is down 19% from its price of €4.48 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.88 per share. Annonce • Jul 31
Dan Wilks acquired 9.93% stake in ProPetro Holding Corp. (NYSE:PUMP). Dan Wilks acquired 9.93% stake in ProPetro Holding Corp. (NYSE:PUMP) on March 25, 2020. Dan Wilks purchased 10 million shares of ProPetro.
Dan Wilks completed the acquisition of 9.93% stake in ProPetro Holding Corp. (NYSE:PUMP) on March 25, 2020. Annonce • Jul 23
ProPetro Holding Corp. to Report Q2, 2020 Results on Aug 04, 2020 ProPetro Holding Corp. announced that they will report Q2, 2020 results on Aug 04, 2020 Annonce • Jul 03
ProPetro Holding Corp.(NYSE:PUMP) dropped from Russell 2000 Growth-Defensive Index ProPetro Holding Corp.(NYSE:PUMP) dropped from Russell 2000 Growth-Defensive Index Annonce • Jul 02
ProPetro Holding Corp.(NYSE:PUMP) dropped from Russell 3000 Growth Index ProPetro Holding Corp.(NYSE:PUMP) dropped from Russell 3000 Growth Index