NYSE$PUMP

ProPetro Holding Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced financial and operational results, noting a transitory period and strategic repositioning for a favorable supply-demand backdrop in 2022.

ProPetro Holding Corp. reported a decrease in revenue to $246 million, a net loss of $20 million, and an adjusted EBITDA of $37 million for Q4 2021. The company focused on repositioning its business and managing its supply chain, while also generating positive free cash flow from the sale of underutilized turbine generators.

  • Total revenue for the quarter decreased 2% to $246 million.
  • Net loss for the quarter was $20 million, or $0.20 per diluted share.
  • Adjusted EBITDA for the quarter decreased 12% to $37 million.
  • Positive Free Cash Flow for the quarter was approximately $26 million.

Headline financials

Total Revenue

$246M

Previous: $154M+59.4%
EPS (adj)

-$0.20

Previous: -$0.44+54.5%
Capital Expenditures

$55.8M

Previous: $14.1M+296.1%
Free Cash Flow

$26M

Previous: $7M+271.2%
Net Income

-$20.2M

Previous: -$44.1M+54.1%
Operating Income

-$22.4M

Previous: -$56M+60.0%
Gross Profit

$25.6M

Previous: $3.25M+686.7%
Cash & Equivalents

$112M

Previous: $68.8M+62.7%
Total Assets

$1.06B

Previous: $1.05B+1.0%
Stock-Based Comp

$3.11M

Previous: $3.13M-0.6%

Revenue & EPS history

ProPetro · Revenue · Quarterly

$246M

Q4 2021+59.4%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

ProPetro anticipates a favorable phase of the investment cycle for North American oil and gas, particularly in the Permian Basin, due to rising oil prices and pressure pumping attrition. The company remains focused on operational excellence, capital discipline, and transitioning its fleet to ESG-friendly products.

Tailwinds

  • Rising oil prices are expected to create tailwinds for ProPetro in 2022.
  • North American pressure pumping attrition is anticipated to create tailwinds for ProPetro in 2022.
  • The company is uniquely positioned to meet the increasing investment in oil and gas production.
  • The company remains focused on operational excellence.
  • The company is focused on capital discipline.

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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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