NYSE$PUMP
ProPetro Holding Corp · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported financial results for the fourth quarter and full year of 2022.
ProPetro reported a revenue increase of 5% to $349 million compared to the prior quarter and a net income of $13 million, or $0.12 per diluted share. The company completed the acquisition of Silvertip Completion Services Operating, LLC and ordered two additional electric hydraulic fracturing fleets. The company's outlook for full year 2023 cash capital expenditures is expected to be between $250 million and $300 million.
- Fourth quarter revenue increased 5% to $349 million compared to the prior quarter.
- Fourth quarter net income of $13 million, or $0.12 per diluted share, compared to net income for the prior quarter of $10 million, or $0.10 per diluted share.
- Fourth quarter Free Cash Flow was approximately $15 million as compared to negative Free Cash Flow of approximately $26 million for the prior quarter.
- Completed the acquisition of Silvertip Completion Services Operating, LLC on November 1, 2022.
Headline financials
Revenue & EPS history
ProPetro · Revenue · Quarterly
$349M
Forward guidance
ProPetro’s outlook for full year 2023 cash capital expenditures is expected to be between $250 million and $300 million. Additionally, based on its current outlook for the first quarter of 2023, ProPetro anticipates frac fleet utilization ranging between 14.5 to 15.5 fleets.
Tailwinds
- Demand for services is expected to remain robust in 2023.
- January performance is a strong baseline and expect to build upon that momentum as we move through the balance of 2023.
- Transitioning fleet and remaining disciplined with regard to capital deployment.
- Confident ProPetro is well-positioned to capitalize on a large and attractive market opportunity within the Permian Basin.
- Focused on optimizing businesses, transitioning fleet and executing strategic transactions to accelerate Free Cash Flow.
Headwinds
- Subject to the completion of the customary quarterly and year-end closing and review process and may be subject to change after completion of the year-end audit.
- Broader industry headwinds may arise.
- Weather impacts in January 2023.
- Running only 14 fleets for the majority of January 2023.
- Preliminary results are subject to change after completion of the year-end audit.
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 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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