NYSE$PUMP
ProPetro Holding Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
ProPetro's financial performance improved with increased revenue and net income, driven by effective fleet utilization and strategic acquisitions.
ProPetro reported a 6% increase in revenue to $333 million and a net income of $10 million for Q3 2022, a significant improvement from the previous quarter's net loss of $33 million. The company's Adjusted EBITDA also increased by 18% to $90 million. ProPetro completed the acquisition of Silvertip Completion Services Operating, LLC, expanding its service offerings.
- Total revenue increased 6% to $333 million compared to the second quarter of 2022.
- Net income was $10 million, or $0.10 per diluted share, compared to a net loss of $33 million, or $(0.32) per diluted share, for the second quarter of 2022.
- Adjusted EBITDA increased 18% to $90 million, representing 27% of revenues.
- The company completed the acquisition of Silvertip Completion Services Operating, LLC on November 1, 2022.
Headline financials
Revenue & EPS history
ProPetro · Revenue · Quarterly
$333M
Forward guidance
ProPetro anticipates steady-to-flat activity through the end of the fiscal year and into the first quarter of 2023, with strong pricing momentum in the top half of the market. The company expects capital expenditures to decrease next year and focuses on delivering returns to shareholders.
Tailwinds
- Crude oil market expected to remain structurally undersupplied.
- Strong pricing momentum in the top half of the market.
- Sense of urgency among customers remains intense.
- Opportunities will continue to surface to expand margins.
- Focused on enhancing value for shareholders and accelerating ability to explore value-sharing and value-distribution strategies.
Headwinds
- Limited visibility due to the overhang of a potential global recession.
- Anticipating steady-to-flat activity through the end of this fiscal year and into the first quarter of 2023.
- Capital expenditures are expected to be slightly above the top end of the prior range of $350 million due to timing.
- Negative Free Cash Flow of approximately $26 million.
- General and administrative expense of $28 million increased from $25 million in the second quarter of 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
-0.2%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+4.9%
Avg return
30 days after
50%
20 / 40 earnings
Positive
+51.6%
Q3 2025
Best reaction
-24.9%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.2% | -8.7% | -16.5% | |
| Q4 2025 | -6.9% | -9.2% | +21.5% | |
| Q3 2025 | +51.6% | +50.0% | +31.1% | |
| Q1 2025 | +6.3% | +4.6% | +5.3% | |
| Q4 2024 | -2.3% | -1.0% | -20.0% | |
| Q3 2024 | -8.4% | -6.6% | +11.4% | |
| Q2 2024 | +3.4% | -9.4% | -10.9% | |
| Q1 2024 | +5.0% | +10.1% | +9.9% | |
| Q4 2023 | -9.7% | -9.9% | -6.5% | |
| Q3 2023 | -3.4% | -6.3% | -13.1% | |
| Q2 2023 | -7.7% | -5.9% | -5.1% | |
| Q1 2023 | -1.5% | -0.7% | +11.6% | |
| Q4 2022 | -4.4% | -6.9% | -27.1% | |
| Q3 2022 | -8.4% | -2.4% | -9.4% | |
| Q2 2022 | -15.4% | -16.4% | -15.0% | |
| Q1 2022 | -2.1% | -5.1% | -6.2% | |
| Q4 2021 | -11.5% | -2.1% | +14.4% | |
| Q3 2021 | -0.7% | -0.7% | -13.7% | |
| Q2 2021 | -9.1% | -3.3% | +3.4% | |
| Q1 2021 | -5.1% | +2.4% | +5.3% | |
| Q4 2020 | +11.2% | +11.8% | +6.2% | |
| Q3 2020 | +4.3% | -4.1% | +58.5% | |
| Q2 2020 | +11.9% | +6.9% | +8.1% | |
| Q4 2019 | +3.2% | +44.0% | +96.3% | |
| Q3 2019 | +0.7% | +4.0% | +30.0% | |
| Q2 2019 | -24.9% | -28.2% | -40.1% | |
| Q1 2019 | -6.4% | -5.4% | -18.5% | |
| Q4 2018 | +2.7% | +11.5% | +21.8% | |
| Q3 2018 | +5.1% | +4.7% | -18.0% | |
| Q2 2018 | +3.6% | +6.3% | -9.9% | |
| Q1 2018 | +8.3% | +6.3% | -14.9% | |
| Q4 2015 | -8.4% | -6.3% | +9.7% | |
| Q4 2017 | -5.2% | -4.2% | +10.6% | |
| Q3 2016 | +0.7% | +5.1% | +21.7% | |
| Q3 2017 | +2.8% | +6.5% | +25.7% | |
| Q2 2016 | -5.3% | -5.0% | -4.9% | |
| Q2 2017 | +1.6% | -5.8% | -3.6% | |
| Q4 2016 | +5.0% | +1.0% | +13.8% | |
| Q1 2016 | +5.0% | +1.0% | +13.8% | |
| Q1 2017 | +3.7% | +8.9% | +18.0% |
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