ProPetro Holding Past Earnings Performance
Past criteria checks 3/6
ProPetro Holding's earnings have been declining at an average annual rate of -30.3%, while the Energy Services industry saw earnings growing at 17.2% annually. Revenues have been declining at an average rate of 7.7% per year. ProPetro Holding's return on equity is 8.6%, and it has net margins of 5.3%.
Key information
-30.3%
Earnings growth rate
-35.5%
EPS growth rate
| Energy Services Industry Growth | 23.3% |
| Revenue growth rate | -7.7% |
| Return on equity | 8.6% |
| Net Margin | 5.3% |
| Next Earnings Update | 01 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How ProPetro Holding makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 1,630 | 86 | 111 | 0 |
| 30 Sep 23 | 1,632 | 116 | 110 | 0 |
| 30 Jun 23 | 1,541 | 91 | 105 | 0 |
| 31 Mar 23 | 1,421 | 19 | 101 | 0 |
| 31 Dec 22 | 1,280 | 2 | 103 | 0 |
| 30 Sep 22 | 1,177 | -31 | 101 | 0 |
| 30 Jun 22 | 1,094 | -46 | 99 | 0 |
| 31 Mar 22 | 996 | -22 | 98 | 0 |
| 31 Dec 21 | 875 | -54 | 89 | 0 |
| 30 Sep 21 | 783 | -78 | 84 | 0 |
| 30 Jun 21 | 666 | -102 | 83 | 0 |
| 31 Mar 21 | 556 | -120 | 76 | 0 |
| 31 Dec 20 | 789 | -107 | 74 | 0 |
| 30 Sep 20 | 1,070 | -40 | 85 | 0 |
| 30 Jun 20 | 1,478 | 23 | 75 | 0 |
| 31 Mar 20 | 1,901 | 85 | 81 | 0 |
| 31 Dec 19 | 2,052 | 163 | 80 | 0 |
| 30 Sep 19 | 2,043 | 192 | 66 | 0 |
| 30 Jun 19 | 1,935 | 204 | 68 | 0 |
| 31 Mar 19 | 1,866 | 207 | 60 | 0 |
| 31 Dec 18 | 1,705 | 174 | 54 | 0 |
| 30 Sep 18 | 1,593 | 132 | 55 | 0 |
| 30 Jun 18 | 1,442 | 108 | 47 | 0 |
| 31 Mar 18 | 1,195 | 74 | 44 | 0 |
| 31 Dec 17 | 982 | 13 | 48 | 0 |
| 30 Sep 17 | 832 | -15 | 40 | 0 |
| 30 Jun 17 | 666 | -50 | 42 | 0 |
| 31 Mar 17 | 521 | -65 | 29 | 0 |
| 31 Dec 16 | 437 | -53 | 27 | 0 |
| 30 Sep 16 | 405 | -44 | 24 | 0 |
| 31 Dec 15 | 570 | -46 | 27 | 0 |
Quality Earnings: 2PG has a large one-off loss of $85.9M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: 2PG's current net profit margins (5.3%) are higher than last year (0.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 2PG's earnings have declined by 30.3% per year over the past 5 years.
Accelerating Growth: 2PG's earnings growth over the past year (4118.4%) exceeds its 5-year average (-30.3% per year).
Earnings vs Industry: 2PG earnings growth over the past year (4118.4%) exceeded the Energy Services industry 44.3%.
Return on Equity
High ROE: 2PG's Return on Equity (8.6%) is considered low.